Bakersfield, California based Mortgage Broker Adolph Gonzales reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give the self-employed and other California residents all the facts so they can make an educated decision when obtaining a mortgage.

Bakersfield, CA -- (ReleaseWire) -- 12/10/2008 -- Second homes aren't just for the rich and famous anymore. More and more middle-class California residents are finding that buying their dream vacation homes is easier than they thought.

"This is one of the best times in the last five years to go ahead and invest in a second home," says Adolph Gonzales, a Bakersfield, California based mortgage consultant. "They're becoming much more attainable now, thanks to low interest rates and a variety of other factors than benefit buyers."

In fact, Adolph Gonzales is seeing this trend first hand in his own business and now works with investors who are looking to earn rental income, as well as those who simply want a gathering place for family vacations or weekend getaways, practically every day.

If you've been thinking about investing in a second home, here are some things to remember:

* The IRS has rules that can affect whether or not the interest on a mortgage for a second home is tax deductible. A financial advisor can explain these details to you. You don't want to get hit with an unexpected tax bill simply because you didn't know the rules.

* Consider the rental market. If you won't be visiting the vacation home more than a few times a year, you might want to consider renting the property during times when you won't be using it. This can help offset the cost of the new mortgage.

* Shop for the best rates. You wouldn't make any other major purchase without first shopping around, so there's no reason why you shouldn't do the same thing when looking at your financing options for your vacation home. This is also where a trained mortgage broker can help. Mortgage brokers have access to dozens of lenders and mortgage products many people don't even know exist, and can be a great choice for people who want expert advice on making the right financing choices.

Bakersfield, California - based mortgage expert Adolph Gonzales specializes in providing information to California residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan – even second home and vacation home loans.

Adolph Gonzales is available for interviews and will welcome all your mortgage related questions.

Call 661.398.2272 Ext.502 for a Free No-Obligation Consultation or visit

http://bakersfieldmortgageminute.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Bakersfield, California based Mortgage Broker Adolph Gonzales reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give California residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Bakersfield, CA -- (ReleaseWire) -- 12/04/2008 -- It seems like everyone in California is jumping on the mortgage refinancing bandwagon. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don't make a mistake that could wind up costing you big time.

"With refinancing as popular as it is right now, California residents have to be even more careful about shopping for the best loan," says Adolph Gonzales, a Bakersfield, California based mortgage consultant. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Gonzales offers these tips when considering refinancing:

* You should get a significantly lower rate for refinancing to make sense. Don't rush to refinance unless it's truly worth your while. If you're working with a mortgage broker rather than going it alone, you can be assured that they're bringing you the best offers out there. If you're going it alone, you'll have to do the legwork for yourself.

* Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you'll now be in danger of losing your home as well.

* Your credit score counts... big time. If you've had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert like a mortgage broker get involved in the process, they can often find loan options that most homeowners didn't even know existed - which can save you thousands over the long haul.

Bakersfield, California - based mortgage expert Adolph Gonzales specializes in providing mortgage information to California residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Adolph Gonzales is available for interviews and will welcome all your mortgage related questions.

Call 661.398.2272 Ext.502 for a Free No-Obligation Consultation or visit http://bakersfieldmortgageminute.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm