Malvini Mortgage & Real Estate
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Locality: Salinas, California
Phone: +1 831-758-5667
Address: 210 Capitol St Ste K 93901 Salinas, CA, US
Website: www.malvinimortgageandrealestate.com
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In many regions of the country, the housing market has still not recovered from the Great Recession of 2008. This is good news for home buyers, because both home prices and mortgage interest rates have remained low.
Getting preapprove for a mortgage loan helps the entire process run more smoothly. Knowing how much you are preapproved for lets you shop within an accurate budget.
The personal loan category actually encompasses a wide range of loan arrangements. The most common personal loans include: home equity loans, home equity lines of credit, short term personal loans, fast cash advance loans and military payday loans.
So how does a amortization schedule work for a typical 30 year mortgage? Here, the borrower is going to pay more interest than principal in the early years of the loan, which evens out over the life of the loan. It’s actually not until the 18th year of the loan that the principal payment exceeds the interest.
If you’re interested in exploring the options a reverse mortgage might offer, be sure to talk with a reverse mortgage loan specialist. They understand the program requirements, are able to answer your questions and can guide you through the process.
Because adjustable rate mortgages (ARMs) are fairly new (they’ve only been around since the 1980s), they’re misunderstood by a lot of people. This type of mortgage is beneficial in many cases, especially if you’re planning to move fairly quickly. We can help you figure out if an ARM is right for you.
For adjusted rate mortgages, the interest rate remains the same for a fixed number of years, then can change based on the index.
We realize how quickly homes can get bought in certain desirable neighborhoods. When time is a factor in your ability to get the home you want, you may want to ensure you have your mortgage preapproval in hand when you make an offer.
For veterans, there is a loan program available that’s guaranteed by the federal government, which means that the VA will reimburse the lender for any losses that might result from borrower default. The primary advantage here is that borrowers can secure a mortgage with zero down payment.
One of the benefits of a USDA Rural Development Mortgage is that it comes with a grant that can be used to go towards your mortgage! In fact, this grant is a benefit unique to this USDA loan.
To get the best mortgage rates, speak with your lender and do a little research on your own. This way you can be better prepared when you find your dream home, and lock in your ideal mortgage rate at the right time!
When you’re shopping for a mortgage, it’s wise to consider how long your plan to stay in the home. While a fixed-rate mortgage provides protection against future rate increases, an adjustable-rate mortgage (ARM) is a good option for homebuyers planning to sell within five years.
Are you concerned that the variable nature of your income may throw a wrench into your home ownership goals? Let’s talk about how you’re paid, so that we can discuss the different forms of documentation the underwriter may be able to accept.
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