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California Mortgage Loans & Refinance Mortgage Calculators
 A walk through the loan process...
Most Los Angeles mortgage loans, as well as loans in other states are not as simple as filling out a single-page application, having the type of loan and various options chosen automatically for you by a machine. There is no way you'd get the best California mortgage, for example, that way. Some of the Hollywood refinance mortgage loans are originated over a period of time, as well as loans in all of the 50 states, some can be closed the very same day as one applies, it can't be done for the lion's share of mortgage loans due to various laws related to real estate. There is cheery news about this though. Some brokers do all of the difficult work for you -- shopping around, researching the best option for you, making sure you get approved for your California home loan or a home loan in any other state. This allows you to focus on the critical tasks that only you can handle and want to handle -- preparing for your new purchase or concentrating on your job or work (after all, you probably couldn't buy the property in the first place without that!), saving money, or planning for the cash you'll receive after refinancing.
There are four key pieces of the puzzle in getting a Beverly Hills refinance mortgage, for example, as well as a mortgage in any of the 50 states. There are systems to make your hand in those pieces absolutely as easy as humanly possible. Essentially they'll do all the work that's ordinarily done by clients, and sometimes they don't charge a penny for it (other than a few hundred dollar processing fee).
| #1: find out how much can be borrowed |
This is depends on 2 things. What monthly payment is affordable? Secondly, considering your credit/employment,debt, income, how long you intend to own the property, and value of the underlying property, how can be lent? The first questions can be answered in part using the mortgage calculators on the left, but in the end it's better to just call or email us and we'll figure it out for you. Walk yourself through a variety of scenarios by asking a few easy questions. Using basic guidelines and ratios, get a sense of terms and loan programs that are most beneficial to you based on the most current mortgage rates.
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| Step two: we pre-qualify/pre-approve you |
This is where you'll end up the biggest savings. You give us details about your employment, assets you own (such as checking account, retirement fund, etc.), where you've lived, etc. Have your credit run. We can review all the info and point you to someone who will give you a Pre-Qualification Letter, or Pre-Approval Letter depending on the circumstances. Take care of that letter! To someone selling a property, it's like very valuable to know you have it! Your real estate agent will use your Pre-Qual (as they may call it) to make the best offer on the home you choose, and the seller knows you're pre-qualified. It gives you buying clout! And while you're picking out the home that's right for you, we're busy finding the loan that's right for you.
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| Step three: apply now! Make it easy |
Once you've made an offer and it's been accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online. When the time is right, have them order an appraisal of your new home.
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| Step four: your loan is funded |
Escrow and title company handle the funding of your California jumbo mortgage loan, or a loan in any of the 50 states once it's approved. The intermediary (broker) or lender will coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.
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You've answered a few questions, given some detailed information, applied online, and next thing you know, you've purchased the property! There are people who will work for you for free, and they're in the business of mortgages, you're not -- so you can avoid most of the work. Doesn't that make sense?
It behooves you to use this site and educate yourself. If you fail to educate yourself, you increase your chances of making a critical error, you're missing the first step in buying a property, so before you even look at potential commercial or residential properties to acquire, fully immerse yourself in this site.
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