Question 1

What are the different types of mortgage loans available?

Accepted Answer

More than most people realize. The familiar ones are conventional, FHA, VA, USDA, and jumbo loans, plus your choice of a fixed rate that never changes or an adjustable rate that can move over time. We also do the loans most banks turn away. If you are self-employed and your tax returns do not show your real income, we can qualify you off your bank deposits instead. If you are buying a rental property, we can qualify you off the rent it brings in rather than your personal income. If you are retired and living off savings, we can use those assets to qualify. We also handle reverse mortgages for homeowners 62 and older, and second mortgages that let you pull cash out without touching your existing low rate. Whether you are a W-2 employee, a 1099 contractor, self-employed, retired, or an investor, there is a program built around how you actually earn.

Question 2

What is the difference between a fixed-rate and adjustable-rate mortgage?

Accepted Answer

A fixed-rate mortgage has a constant interest rate throughout the loan term, leading to predictable monthly payments. An adjustable-rate mortgage (ARM) has an interest rate that can change periodically, causing fluctuations in monthly payments.

Question 3

What is the difference between pre-qualification and pre-approval for a mortgage loan?

Accepted Answer

Pre-qualification provides an estimate of how much you might be able to borrow based on the information you provide. Pre-approval involves a more thorough review of your financial situation and credit history, resulting in a conditional commitment from a lender.

Question 4

Can I get a mortgage loan with bad credit?

Accepted Answer

While it may be more challenging to qualify for a mortgage loan with bad credit, there are still options available. Government-backed loans like FHA loans may have more flexible credit requirements, and some lenders specialize in working with borrowers with less-than-perfect credit.

Dan Rubanowitz

Dan Rubanowitz

Dan Rubanowitz

Address

Description

QUICK QUOTE

Have Questions?

Licensing

Contact Us

More Links

© 2026 www.cahomesolution.com - California Home Solution, Inc - Login

Mortgage Website Design by 220 Marketing