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of the loan, lenders must pursue ``judicial foreclosures'' through the courts. 30 fixed interest mortgage rate rate year are good for 10 years but can be renewed. Richards has written an upcoming trade journal article advising ``option ARM'' lenders to add disclosures about the risks of refinancing. These loans give borrowers the choice of making monthly payments that don't even cover the interest due -- a practice that can leave 30 fixed interest mortgage rate rate year owing more than the original loan. Because of California's unusual protection, UCLA's Nelson gives unconventional advice to students about how to finance their first home in the state: Make as small a down payment as possible to reduce your liability 30 fixed interest mortgage rate rate year case home values plunge. ``Don't go to your parents and put down as much as you can,'' Nelson says. ``If the property
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