Compare California Refinance Rates & Home Loans

For most families, the first step to home ownership in CA is to arrange for financing. Once you are pre-approved for a mortgage and feel comfortable with payment options, you can settle on a price range. Failing to arrange for financing as quickly as possible can delay negotiations as sellers in CA are much more likely to accept an offer if the potential buyer already has financing arranged.

Mortgage loans in CA vary greatly based on features such as the size of the loan, term, interest rate, method of paying off the loan, and other characteristics. Home buyers in CA can obtain a mortgage for the purchase of a home or construction. Home mortgages in CA are available from banks and other financial institutions, either directly or indirectly through intermediaries. Many aspects of mortgages are regulated in CA: directly through legal requirements and indirectly through regulation of financial markets.

Most mortgages for homes in CA are either fixed rate mortgages or adjustable rate mortgages (ARM). As the name implies, the interest rate for fixed rate mortgages do not change over time. Monthly payment may vary somewhat though due to changes in property taxes and insurance. Buyers in CA may also opt for an adjustable rate mortgage where the interest rate changes over time based on the market.