Sunshine Properties Blog

Lender	APR	Upfront costs	Loan amount
NMLS #449401 4.3 Bankrate score tooltip	HOME EQUITY LOAN	6.99% Rate: 6.990% Term: 5-year fixed	Not applicable	$40k-$300k	Next Lender info
NMLS #449401 4.3 Bankrate score tooltip	HOME EQUITY LOAN	7.19% Rate: 7.190% Term: 30-year fixed	Not applicable	$40k-$300k	Next Lender info
NMLS #1810501 3.9 Bankrate score tooltip	HOME EQUITY LOAN	Lower your monthly payments when consolidating debt Pre-qualify in minutes, fast funding No refinance required, borrow up to $300k	Next Lender info
NMLS #449401 4.3 Bankrate score tooltip	HOME EQUITY LOAN	7.19% Rate: 7.190% Term: 10-year fixed	Not applicable	$40k-$300k	Next Lender info
NMLS #449401 4.3 Bankrate score tooltip	HOME EQUITY LOAN	7.39% Rate: 7.390% Term: 15-year fixed	Not applicable	$40k-$300k	Next Lender info
NMLS #3030 3 Bankrate score tooltip	HOME EQUITY LOAN	Find hidden equity in your home Make the most of your mortgage Convenient, fixed-rate payments	Next Lender info
NMLS #449401 4.3 Bankrate score tooltip	HOME EQUITY LOAN	7.59% Rate: 7.590% Term: 20-year fixed	Not applicable	$40k-$300k	Next Lender info
NMLS #174457 3.7 Bankrate score tooltip	HOME EQUITY LOAN	Turn your home equity into cash with a Home Equity Loan No appraisal or change to your 1st mortgage's current rate Fixed interest rate, predictable monthly payments	Next Lender info
NMLS #1717824 4.2 Bankrate score tooltip	HOME EQUITY LOAN	Borrow $20k - $400k with a Figure HELOC Approval in as little as 5 minutes. Funding in as few as 5 days. 100% online application. Seamless process with fixed rates	Next Lender info
NMLS #684042 4 Bankrate score tooltip	HOME EQUITY LOAN	Borrow $35K-300K with competitive fixed rates Zero application, origination and appraisal fees $0 closing costs	Next Lender info

Article belongs to bankrate.com

For release:
January 13, 2025

California REALTORS® support plans to stabilize availability of homeowners insurance

LOS ANGELES (Jan. 13) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to actions announced last week to address California's insurance crisis and help homeowners affected by the Southern California wildfires.

"As Los Angeles reels from the devastating fires that have resulted in the loss of homes, businesses, schools, and neighborhoods, we are encouraged by the proactive measures taken by policymakers to tackle the homeowners insurance crisis.

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has actively worked with state leaders since the beginning of the insurance crisis and is supporting Assembly Bill 226, authored by Assembly Insurance Committee Chair Lisa Calderon and Assemblymember David Alvar...

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• Mortgage rates: As of January 8, 2025, mortgage rates are:
  • 30-year fixed: 6.72% 

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The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values for mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2025. The conforming loan limit is $806,500 on one-unit properties and a cap of $1,209,750 in high-cost areas. The previous loan limits were $766,550 and $1,149,825, respectively.

The conforming loan limit determines the maximum size of a mortgage that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac can buy or "guarantee." Non-conforming or "jumbo loans" typically have tighter underwriting standards and sometimes carry higher mortgage interest rates than conforming loans, increasing monthly payments and hampering the ability of families in California to purchase homes by making them less affordable.

C.A.R. and NAR both have long advocated for loan limits that reflect an area's cost of housing. As a result of C.A.R.'s and NAR's efforts, areas with high me...

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