http://www.homeequityinformation.com/home-loan/california-home-loan/ A California home loan will be in your future if you are even thinking about a California home. The California home loan is the only way to afford these giants of the real estate world. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 The average home price is California is now somewhere above $500,000. That alone should be enough to convince you of the necessity of a California home loan. Home buyers of all levels need assistance when they look to a California home - even if you can afford the entire housing amount that much money all at once will be better spent elsewhere. Breaking the bank with a California home loan In California, taking out a home loan is more about business than necessity. Homes and property are ridiculously expensive and if you are thinking about moving there you probably already have a substantial amount of personal wealth - if not you'll be renting and a California home loan will be the last thing on your mind. But a California home loan will still make economic sense in that it frees up your money: Flex your financial muscles and slap down that $100,000 or more down payment. Keep up the intensity as continue with your incredible monthly payments. In the meantime, put all that money you didn't use in the home purchase to good use - investments, debt consolidation, whatever you need, at whatever price. Because the greatest aspect of California living is that it just keeps getting more and more expensive - meaning your home will always increase in equity and no matter what happens you will be salvaged with the sale of your home. Is a California home for everyone? This huge increase in home equity is a major draw to California real estate, but not everyone will be happy with their choice in a California home loan. if you have bad credit and need a bad credit home loan your monthly expenses will probably be through the roof. Imagine an average $500,000 at your California average salary of about $50,000. if you somehow put down that 20% down payment and paid 6% on your 30 year mortgage, your monthly payments would be about $2400 a month. At $50,000 a year you will be making about $4160 a month before taxes, which is probably around $3400 after the man takes his slice. So you'll have $1000 to play around with after your monthly mortgage payment, which is California means you can go to the movies once and maybe enjoy a night out in Fresno. Sat, 26 Jul 2008 15:00:00 EDT