Fixed vs. Adjustable Mortgage: Which One is Right for You? Choosing between a fixed vs. adjustable-rate mortgage (ARM) is like deciding between a reliable old sedan and a flashy sports car. Each has its perks and pitfalls, and the best…
Getting a Mortgage with a 500 FICO Score Have you ever wondered, "Can I get a mortgage with a 500 FICO score?" Well, buckle up, my friend, because we're diving into this topic headfirst! 🏊 Understanding Your FICO Score So,…
UWM vs. Rocket Mortgage: Comparing 1% Down Payment Programs When it comes to purchasing a home, one of the biggest hurdles for many prospective buyers is the down payment. However, mortgage lenders have introduced innovative programs to make homeownership more…
Are you thinking about taking out a Home Equity Line of Credit (HELOC)? Well, hold on to your hat, because we're about to explore the pros and cons of this financial tool. First, let's define what a HELOC is A.K.A.…
If you’re looking to buy a luxury home, you’ll probably need a jumbo loan to finance your purchase. Jumbo loans are typically used for financing high-end homes or properties in high-cost areas where real estate is more expensive, like in…
Military service is full of hardships but also has some pretty substantial benefits. Some are intangible—the sense of pride, the unmatched camaraderie—but others are a bit more material. And one of the most significant of those latter benefits is the…
Those new to the homebuying market here in California may wonder why you occasionally hear about “RENO loans.” Isn’t Reno in the next state over? RENO is actually short for “renovation,” and RENO loans are a useful option for some…
There are several reasons why you might want to refinance your mortgage and replace your current home loan with a new one. You can do so to lower your interest rate or use the new loan to take advantage of…
Of all the steps it takes to buy a home, locking down the best possible loan is one of the biggest and most important. Lucky for anyone looking to buy a home here in California, at New Way Mortgage, we’re…
Here at New Way Mortgage, we take pride in providing affordable California VA loans with attractive rates, flexible qualifying standards, and lending advantages for our service members and veterans. After all, there’s no better way to show our gratitude than…
