Saturday 31st of July 2010

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The city of Stockton in California is at the center of the mortgage crisis now sweeping America. Because, with house prices tumbling, more people in Stockton face the repossession of their homes than anywhere else in the US. Stockton is also a place where you can really get a feel for the amounts of easy money banks loaned during the boom.


The city of Stockton in California is at the center of the mortgage crisis now sweeping America. Because, with house prices tumbling, more people in Stockton face the repossession of their homes than anywhere else in the US. Stockton is also a place where you can really get a feel for the amounts of easy money banks loaned during the boom.


Supply is exponentially outstripping Demand for homes in California. This is not sustainable. 20 Year Mortgage Veteran presents 3 correction scenarios: 1) Wall Street brings back the crazy loans where a guy with no income can get a million dollar loan just by signing his name. 2) everyone in California gets a 100% raise 3) Home prices drop 50%.


California Mortgage broker gives FREE mortgage advice and home loan tips to California homeowners. California loan officer experienced in first time home buyer mortgages, purchase loans, cash out refinance mortgages, fixed rate mortgages, mortgage planning, bad credit refinance, bankruptcy buyout loans, and all other areas of real estate financing.


The COFI Index used to adjust the rate on the Pick-a Payment or Option ARM an all too popular California adjustable rate mortgage, continues to rise in contrast to many other indices. Therefore a California refinance decision leaving an adjustable rate mortgage loan for a fixed rate loan, goes from a “maybe” to a “must”.



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california mortgage loan
california mortgage loan

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