Infinite Quality Lending

read moreBrowse our selection of Mortgage Calculators! See how much you can save by Consolidating you Debt, calculate how much of a down payment you'll need, or compare three different loans side-by-side. Here at Infinite Quality Lending Inc. we have a large variety of Loan Options. Whether you're interested in Refinancing or Buying a House for the first time, we can help. Want to get things started? Our 5-step application is secured using Secure Socket Layer (SSL) technology to keep your information safe.

read moreIQ Lending is a relatively small Mortgage Broker with less than 10 licensed loan officers. We have been in business since 2006 and our people have more than 100 years experience between them. By staying small and hiring only experienced loan officers we can give more time and attention to detail to our clients. Our goal is to provide the best rate available in the market place with the least amount of cost. We can do that because we are approved with more than 25 lenders which give us a large choice of different programs to fit every clients need.

read moreMuch like a traditional mortgage, a reverse mortgage does have fees associated with securing it. The following is a list explaining common fees you may have to pay when getting your reverse mortgage. Origination Fee - The origination fee covers the lenders operating expenses associated with making the reverse mortgage. This can include things like overhead, marketing and title searches. With an HEMC reverse mortgage your origination fee is equal to the greater of $2,000 or 2% of your counties FHA loan limit.

read moreThe pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer. Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.

read moreThe following is a partial list of programs offered by Infinite Quality Lending Inc. with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 714-282-2900. The HARP programs are designed for borrowers that owe more on their mortgage than the property is worth. If your loan is insured by Fannie Mae or Freddie Mac you may be eligible to refinance to a much lower rate, Please see Mortgage news. Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3% down payment - and they can even finance "allowable" closing costs.

read morePre-qualification starts the loan process. Once a lender has gathered information about a borrower's income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for. In attempting to approve homebuyers for the type and amount of mortgage they want, mortgage companies look at two key factors. Ability to repay the mortgage is verified by your current employment and total income.

read moreIt's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit. With this information you can make a more informed decision on whether these government insured loans are right for you and your family. In response to the growing housing situation in the United States the loan limits for FHA Loans has been temporarily raised.