Closing the Sale Escrow To finalize the sale of the home a neutral, third party (the escrow holder, a.k.a. escrow agent) is engaged to assure the transaction will close properly and on time. The escrow holder ensures that all terms and conditions of the seller’s and buyer’s agreement are met […]

Loan Origination Fee This covers the administrative expenses in setting-up and processing the loan. The loan origination fee may be a percentage of the mortgage amount. Points (optional) An option for the home buyer is to pay points to lower the interest rate at which the loan will be repaid. […]

Searching for mortgage advice? We will be glad to assist you! Call us at (949) 837-1559 “Closing Costs” are the fees which pay for various services involved in the sale of residential real estate. Sellers and buyers almost always negotiate to decide how to split these closing costs. As you’ll […]

What information will be needed for the application (and how it’s kept private) Anything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission — that is, if you’re giving us information you want us to use to get […]

Looking for mortgage advice? We’d be thrilled to answer your questions about our many mortgage solutions! Call us at (949) 837-1559. Here’s a simple trick to reduce the repayment period of your mortgage and save you thousands over the course of your loan: Make additional payments which go toward your […]

How do you “buy” a better rate? Do you plan on keeping your loan for a while? Then it may make sense to “buy” a lower interest rate by paying one or more “points.” Even if you’re unsure of how long you plan to keep your mortgage before you move […]

Shopping for a mortgage loan? We will be glad to assist you! Give us a call today at (949) 837-1559. A fixed-rate loan features the same payment for the entire duration of the mortgage. The property tax and homeowners insurance will increase over time, but for the most part, payments on these […]

It’s virtually impossible to change your score in the time between when most people decide to buy a home or refinance their mortgage and when they apply. So the short answer is, you really can’t “on the spot.” But there are strategies you can live with to make sure when […]

The information in your credit report has a huge impact on whether or not you qualify for a mortgage loan and what interest rate a lender will offer. Therefore, it’s important your credit report reflects a positive image of the way you manage your money. If you’re getting ready to […]