Purchase and Refinance Loans in California

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Signing Contract - Home Loans in San Diego, CA
 
Whether you are first time home buyer, buying a second home, scaling up or down, an investor or looking to refinance an existing mortgage, then look no further, you've arrived at the best destination. Jon’s team is here to accommodate all your needs and make sure you can buy your dream house to take your life to a brand new level. There’s nothing like the pride of home ownership, whether you require FHA, refinance or reverse mortgage, it would be an honor to service all your needs. My team very passionate about helping folks like you achieve all your mortgage goals. We aspire to help you meet your goals first and foremost. As you know it makes a real difference when you work with a trusted mortgage professional. Our objective is to save you as much money as possible so you can benefit greatly in the long term too. Buying a new home or refinancing your property is one of the most important financial decisions you may make during your lifetime, it behooves you to go with trusted professionals with a proven track record of helping folks just like you.
 
 
Find the right mortgage that fits your situation. In today's world, it's even more important that you can find that comfortable balance in payment that allows you your desirable life. FHA is a great option for those that can qualify, another awesome alternative for first time home buyers. Those looking to refinance can take full advantage of historically low interest rates, it may also be beneficial for some to consider reverse mortgages. Whatever your needs, let our experienced mortgage professional assess your whole situation and recommend the best path to take. With our experience and expertise, we will check out all your best options, we have access to the best rates and products. We understand all the nuances involved, while other financial institutions or banks may be limited in their product offerings, as fully licensed professionals, we have access to a wide selection of mortgage options to meet your specific needs. We custom tailor our offerings to meet the special requirements of each of our clients. Not everyone will fit into the banks nice and neat traditional credit box. If you have a somewhat troubled credit history or are self-employed, we have just the type of lenders that you are looking for. If you were to shop the market on your own this could easily take days if not weeks. As well every time you apply for a mortgage your credit score take a hit, lowering your score each time. Let experienced experts handle everything for you from start to finish.

Contact us today to discuss all your mortgage options, FHA, First Time Home Buyer specials or for any refinance, reverse mortgage solutions. Buying a house or refinancing does not have to be a huge headache. It's our pleasure to deliver an experience that you will love from start to finish. We appreciate the opportunity to earn your business through valued customer service and total dedication to your needs.

 

Are you pre-qualified or pre-approved for a loan?

Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, I will collect information about your debt, income, and assets. We’ll look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.

To get pre-approved, you will complete a mortgage application and provide me with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. We’ll review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.

A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.

Which Refinancing Loan Program is Best for You?

The huge number of refinance options available is truly breathtaking. Contact us at 619-392-1234 and we will match you with the refinance loan program that fits you best. What are your reasons for your refinance loan? Considering in mind the following will help you begin your decision process.


Making Your Payments Lower

Are getting reduced payments and an improved rate your main reasons for refinancing? In that case, your best option might be a low fixed-rate loan. Maybe you now have a higher rate fixed rate mortgage, or maybe you have an ARM — adjustable rate mortgage — with which the rate of interest varies. Even when rates get higher later, unlike with your ARM, when you close a fixed-rate mortgage, you set that low interest rate for the life of your mortgage. If you aren't expecting to move in the near future (about 5 years), a fixed rate mortgage loan can especially be a great option. However, an ARM with a initial low payment may be a wiser way to reduce your mortgage payments if you expect to move in the next few years.

Refinancing to Cash Out

Is "cashing out" your primary reason for your refinance? Perhaps you want to pay for home improvements, take care of your college kid's tuition, or go on a special family vacation. With this in mind, you'll need to get a loan higher than the remaining balance of your present mortgage loan. Then you want to need to get a loan for a bigger number than the remaining balance on your existing mortgage loan. However, if your loan interest rate is high now and you've had it for a long time, you could be able to achieve your goals without making your monthly payments higher.

Consolidating Debt

Maybe you'd like to cash out some home equity (cash out) to use toward other debt. If you have the home equity for it, paying off other high interest debt (for example: home equity loans, student loans, or credit cards) means you can save possibly hundreds of dollars each month.

Building up Equity Faster

Do you plan to build up equity quicker, and have your mortgage paid off faster? If this is your goal, the refinance mortgage can move you to a mortgage loan program with a shorter term, such as a 15 year loan. Even though your mortgage payment amount will probably be more, you can save on interest; so your home equity will build up faster. On the other hand, if your existing long-term loan has a small balance remaining, and was closed a while ago, you might be able to make the change without paying more each month. To help you figure out your options and the numerous benefits of refinancing, please call us at 619-392-1234. We will help you reach your goals!