I am a fully licensed Broker and Owner from California Department of Real Estate. This means I can assist you with the purchase or sale of your home and complete all loan paperwork. By doing both procedures, I can pass on additional savings to you.
I can also be your complete resource for home refinancing. If you are looking for just refinancing your home at a better rate and/or looking to pull equity from your home, I can guide you through the full process.
The Fun Begins: The Mortgage Application
Eight Questions About The Permanent Mortgage
Some frequently asked questions:
What is the difference between "pre-qualified" and "pre-approved?"
If you are "pre-qualified" you have determined, with a loan officer, what price you can afford based on the down payment, your debts and the amount the mortgage company will approve for your mortgage. Being "pre-qualified" is only a determination of your probable credit. If you are "pre-approved", your credit, employment and funds have been approved by the lender.
What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For buyers, they are usually about 1-2% of the total sales price of a property. Some of the closing costs you might encounter are:
What is a point?
One point is equal to 1% of the new loan amount. By charging "points", the lender can increase the yield for investors and bring the real estate loan comparable to those other investments.
What will be my minimum payment?
It depends on the program you choose, from:
Each program will give you different cost savings. To calculate a sample monthly payment, click here: Monthly Payment Calculator
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