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1-800-550-5538
To obtain the best possible California mortgage, put your goals for the home, how long you plan on staying their and how long your plan on keeping the new mortgage. Having your personal goals down on paper will allow you to make the best possible judgement about what type of loan is right for you and the best way to structure that loan. No points or pay points, fixed rate or adjustable rate.... no two loans are the same and it's important you have a clear understanding of what you are looking to achieve. Before moving forward with a new California mortgage, always be sure to obtain a detailed quote for the terms of the fixed rate loan. Not having your estimated mortgage terms in writing can cause problems down the road. By obtaining the estimate in writing, you'll be able to review the charges, fees and rate the loan officer has quoted. It's important you understand each item on the Good Faith Estimate so if you don't understand something, ask the loan officer. We are the Number 1 rated California Mortgage Company on Mortgage101 |
California Mortgage InformationMost homeowners do not know this, but there are three types of "points" associated with a mortgage: Loan Origination, Loan Discount and Mortgage Broker Points. When you obtain a no point loan, always make sure it is truly a no point loan. It happens far too much in the mortgage industry; a loan offer tries to hide the true cost of a loan by saying "no points" but then charging outrageous junk fees. A good questions to ask is: what is the total cost of the loan, including all possible costs, fees and charges? If the loan officer you are working with does not provide the total cost of your new California mortgage, then you might want to work with someone else no matter how low the interest rate is. And California refinance ratesare usually different than other states so it's important to make sure any mortgage quotes are for California residents. If you want additional California mortgage information......ask! It's important that you fully understand your loan terms and program. If a loan officer does not want to take the time to answer all your questions, it's a good sign you might want to find a new loan officer. There are plenty of California loan officers out there that are willing to answer questions and provide great terms. California mortgage loan guidelines change almost daily. It's important to know that loan programs that were available during your last transaction may not be available now, or the requirements may have changed. It's important to get the most up-to-date information before moving forward with you next mortgage. When buying a home, be sure to have a home inspection. It's always important to know the condition of the house you are buying. Many "hidden" problems could be there, and it would be best to know ahead of time what you are buying. Some may be small others may be large so be sure to have a thorough inspection of the property. Ask the inspector to look at the bathroom plumbing, ensure that all electrical sockets near sinks have a GFI connection and that the roof is carefully inspected. |
Here are some Important Rates and Indexes that are essential to understanding the interest rate market can be valuable to homeowners looking to obtain the best possible terms. Tracking Mortgage Interest Rates is something that you can do on your own, or with the loan officer. Having Impounds included with your mortgage payment might be something to consider to ensure you stay on top of your property taxes and insurance. The Appraisal process can be difficult but it is a necessary part of obtaining a new mortgage. What Mortgage Is Right For Me? Understanding your credit before you move forward with a new mortgage is something every homeowner should do. 12 Things You Never Knew About your Credit Report. Here is some useful information that all homeowners could use.
First Time Home Buyer 
1-800-550-5538 |
JB Mortgage Capital, Inc. - 11901 Santa Monica Blvd. #319 - Los Angeles, CA 90025
Office Phone: 1.800.550.5538 Fax: 1.310.694.8188
jb mortgage capital, inc. (formerly priority one lending, inc.), is a mortgage broker licensed by the state of california department of real estate #1836772, NMLS #247447.
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