Looking for the right mortgage in Los Angeles? Mortgages, otherwise known as home loans, is what you need if you want to refinance, buy a new home, get a home equity loan, or any other of the mortgage options.
It is becoming a buyer’s market in Los Angeles, with a 149% increase in housing inventory over a year ago. Analysts expect the California market to stabilize, with housing continuing to increase in value, at a slower pace than the past few years, making real estate in Los Angeles a solid investment.
Buying a new home in Los Angeles, CA
We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget. Some things you might want to keep in mind when buying a new home are; how much can you afford to pay each month; what are current mortgage rates; what kind of loan program might work for you; and what are local property taxes. Don’t forget there are many other home options out there specifically for California residences. We work with local and national lenders to make sure that you get the best rate possible.
Refinancing in LA
Refinancing can be an intimidating task. That is why we are here.We have some great online refinance calculators that can help you figure out what your new payments will be, how much you can save over the life of the loan, and how much you might want to pull out of your home based on monthly payments. Remember, a refinance loan is a great way to pay off your high interest credit cards. It may also be time to lock in long-term fixed rates on your mortgage, ensuring a predictable monthly payment rather than the variability of adjustable rates.
Quick Los Angeles Housing facts
Percent of Homeowners: 46%
Percent of Renters: 54%
Median Household Income: $35, 973
Median Los Angeles Home Value: $464,333
Home price gain, 2 – 5 years: 29.5%
Los Angles, CA Taxes
The property tax rate in California is 1%, or $1 for every $100 assessed value, with a 2% increase each subsequent year. Be sure to check whether your property is in a special levy district. There could be local bonds issued after a referendum voted locally for schools, libraries, sewers, etc.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.