Mortgage Guides and Answers
Plain-English guides on the mortgage topics that matter most to California buyers. Written by Steven Truong, NMLS #1516822. No jargon, no sales pitch, just straight answers.
How Much Do You Really Need for a Down Payment in California?
The answer depends on your loan type. It could be zero, or it could be 25 percent. Here is the plain English breakdown of every option.
What DTI Do Lenders Actually Allow?
DTI is the number that decides how much house you can afford. Here are the real limits for each loan type and how to calculate yours.
Closing Costs in Orange County: What to Expect
Closing costs typically run 2 to 5 percent of the loan amount. Here is exactly what you are paying for and how to reduce it.
Broker vs. Bank vs. Credit Union: Which Should You Use?
Three ways to get a mortgage, three very different experiences. Here is the honest comparison from someone who works in the industry.
How to Get Pre-Approved in California, Step by Step
Pre-approval is the letter that shows sellers you are serious. Here is exactly how to get one, step by step.
Down Payment Assistance Programs Available in California
There is free money for your down payment if you know where to look. Here are the California programs that can help.
Buying a Condo in Orange County: What is Different About the Loan
Condo loans have extra steps that single-family homes do not. Here is what to check before you make an offer.
Self-Employed? Here is How Lenders Look at Your Income
Being self-employed does not disqualify you from a mortgage. But lenders look at your income differently. Here is what they see.