The Housing Market

Like most of CA the housing market was at a peak only a few months ago. Houses where selling like crazy. We sold our house in 14 days at a good price then. Only a few months later house where selling for much more. Many houses where selling in one day.
Like all market booms there must be peak. I am no realtor but I believe we have reached that peak and are now on a steady decline. In my neighborhood now there are several houses up for sale that have been that way for some time. We were fortunate enough to get our property and house built at the right time. Our house has almost tripled in value since we have lived here.
Finding the right mortgage company was a tricky thing at the time. We didn't want someone just trying to sell us a mortgage that wasn't right for us. We did find a great mortgage company that handle things very well. The only thing I would have done differently now would be to get a 15 year mortgage instead of a 30 year. My suggestion to anyone looking to purchase a new house is to get a 15 year mortgage. You will be so glad in 15 years when your house is paid off and you have no mortgage payment and all your friends are strapped for at least 15 more years(providing they did not refinance). The other thing I would stay away from is adjustable rate mortgage loans. Very bad idea to get into that type of loan. Just get a low rate now that will not change over time, it much safer and smarter.
If you are looking to become more educated about home loan mortgages check out personalhomeloanmortgages.com. They have some great information to better educated you in finding the best home mortgage loan.