When discussing a mortgage, what exactly are points and why are they important? Simply put, points are a percentage of your loan amount. For example, 1 point on a $100,000 loan is $1,000 (1%). Points are important because they can be used buy down your rate as well as a few other uses. Don’t worry we’ll go into more detail in a minute.
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For this week’s blog we wanted to highlight some of the assistance programs we feature here at Broadview. Below is a chart broken down by assistance program, the type of assistance offered, and what it takes to qualify.
We hope you are all having a wonderful holiday season! For this week’s blog we wanted follow-up on our previous article regarding maximum loan limits. We are excited to announce we officially have the 2018 loan limits for FHA and VA. Please refer to the images below for a break-down of loan limits by county, loan type, and type of residence. We’ve chosen to highlight the counties closest in proximity to our branch locations, but rest assured we lend to all counties in CA.
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