Which Mortgage Is Right For You? Let’s Explore The Options
Our AS IS Lending team takes pride in providing our clients with the right loan product to meet their unique needs. Here are common types of loans that are available. We’ll help you select the right one. Call our team today at 949.480.3443 to explore your options.
Mortgages provide security as the interest rate and monthly payments do not change.
Mortgages (ARMs) offer a lower initial monthly payment, however, the interest rate adjusts periodically which will either increase or decrease the monthly payment over time.
One loan to purchase or refinance a home and make renovations or repairs, to immediately add equity!
These specialized loan programs are guaranteed by the Veteran’s Administration (VA) and are available exclusively for active military and veterans.
A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
Product line for clients with loan balances greater than $453,100.00 in most counties, though in counties with high home prices the limit is higher– up to $679,650.00, as set by Fannie Mae and Freddie Mac and subject to change.
These loans can include interest-only loans which, for a set term, the borrower pays only the interest on the principal balance, with the principal balance unchanged. These can range from five to seven years.
Home Affordable Refinance Program is a federal refinance program for clients who received their Fannie Mae or Freddie Mac loan on or before 5/31/2009.
Contact our AS IS Team for a no-obligation Mortgage Consultation to explore your options.
CA Department of Business Oversight CFLL 60DBO46163 • NMLS 1422332 • VA 9080240000