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Recent Posts by marisaMike007

Pre-Qualify

Prequalification Calculator
To get a sense of how much you may be able to borrow, fill in the form below and click on the calculate button. Please note that prequalification is different from a preapproval. Prequalification gives you an estimate of how much you may be able to borrow. Preapproval, on the...

Loan Center Overview

Welcome to the Loan Center! Are you looking to buy a home? Here you can use our online tools to learn more about home loans and find the best loan options to suit your needs and goals. You can explore our site without any obligation or disclosure of...

FHA Low Down Pmt

FHA Mortgage Loans

loan-programs-fha-home-loan-down-payment-best-home-loans-south-bayThe FHA’s mission driven organization encourages home ownership and provides affordable housing opportunities with low down payment and flexible credit requirements. Since 1934, the FHA has insured millions of home mortgages with a market share of 30% in 2010 vs 3% in 2007.  In 2009, FHA programs...

VA Loans

   

VA Mortgage Loans

A VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required. A VA home loan can...

Jumbo Mortgage Financing

loan-programs-jumbo-mortgage-home-loan-best-home-loans-south-bay A Jumbo, or non-conforming loan, is required for financing on a mortgage that is higher than the conforming loan limits set by Fannie Mae and Freddie Mac. According to Wikipedia:
In the United States, a jumbo mortgage is a mortgage with a loan amount above...

203K Rehab Mortgage Loans

loan-programs-203k-rehab-mortgage-home-loan-best-home-loans-south-bay Have you found that “almost perfect” home in the right location that is selling at a reduced price because it needs a little rehab work? Unfortunately, most mortgage loan programs require homes “in need of work” to be complete before the financing can be secured for...

Rate/Market Indicators

Top Five Market Factors That Influence Mortgage Rates

Timing the market for the opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for the professionals. While there are several generic interest rate trend indicators online, the difference between what’s advertised and actually attainable...

Secondary Markets

How Are Mortgage Rates Determined?

Many people believe that interest rates are simply set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market. The secondary market is comprised of investors who buy the loans made...

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