Loansmart

read moreI have been assisting individuals and families obtain mortgages to purchase and refinance for the past 17 years. My goal is to work with you to design the right individual program to fit your needs. Whether you want to purchase your first home, refinance your existing home, move up or down, buy a second home or investment property, I will design the right program specifically tailored to fit your needs. When you call me, you will receive the benefit of my 17 years in the mortgage business as a loan consultant as I originate and process all loans for LoanSmart.

read moreEver hear the pearl of wisdom that states you should only refinance if your new interest rate is at least two points lower than your current rate? Perhaps that was sound advice a number of years ago, but since refinance costs have been falling recently, it could be time to take a serious look. Refinancing has some advantages that will often make it worth the initial expenditure many times over. You may be able to lower your interest rate (sometimes by a lot) and reduce your monthly mortgage payment amount with your refinanced mortgage loan.

read moreWhen you decide to buy a home or refinance a mortgage in Los Angeles or the surrounding areas, your search for a home loan or mortgage should start and end here. With so many lenders to choose from in the greater Los Angeles area, and nationally, you need to choose one you can trust to find the mortgage loan that's best for you. Sure, there are dozens of big bank mortgage lenders nationally, but you need a lender in Los Angeles. Why? Because we know Los Angeles and the surrounding areas of Ventura, Kern, San Bernardino, Riverside, Orange, and LA counties.

read moreMany borrowers qualify for a mortgage loan, but they don't have a large sum of cash to pay the standard down payment. Want to look into getting a new house, but don't know how to get together a down payment? Slash the budget and build up savings. Look for ways you can trim your monthly expenses to put away money for a down payment. You could also try enrolling in an automatic savings plan to automatically have a specific amount from your paycheck deposited into savings. Some effective strategies to build up funds include moving into a residence that is less expensive, and skipping a year's vacation.

read moreIn a reverse mortgage loan (sometimes referred to as a a home equity conversion loan), homeowners of a certain age may use home equity for anything they need without selling their homes. Deciding how you'd prefer to be paid: by a monthly amount, a line of credit, or a one-time payment, you can take out a loan amount determined by your equity. The loan doesn't have to be repaid until the borrower sells his residence, moves away, or dies. You or representative of your estate has to pay back the reverse mortgage amount, interest, and other finance charges after your home is sold, or you are no longer living in it.

read moreKeep a running total of money going toward the principal. You'll want to be aware of the the purchase prices of the houses that sell in your neighborhood. If your mortgage is fewer than five years old, chances are you haven't made much progress with the principal it's been mostly interest. You can begin the process of canceling your PMI when you you think that your equity has risen to 20%. First you will let your lending institution know that you are asking to cancel your PMI. Lending institutions request documentation verifying your eligibility at this point.

read moreEven though it may seem like it sometimes, there are not as many loan options as there are borrowers! We can help you select the loan program that will fit your situation the best. There are several questions to ask yourself as you review your options. We will treat you with the respect due an esteemed customer and give you the personal service you deserve. We understand the big commitment you are making in buying a home, refinancing a mortgage, or cashing out your home equity. So we make a commitment to you: we will help you qualify, apply and be approved for the ideal mortgage for you.

read moreMany new homebuyers make the mistake of rushing out to buy things to fill their home soon after the seller accepts their offer and the loan is approved. There still remain a few major hurdles to jump before the keys are handed over. Here are some things to avoid before closing to assure your transaction goes well. Don't buy luxury items. You may be tempted to buy that new couch for the soon-to-be-yours parlor, but it's best to stay away from making major purchases like furniture, appliances, electronic equipment, or cars until your home loan closes.