Mortgage Planning Group

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read moreA forty-three year veteran in the mortgage lending field, Lee Vieira has helped nearly ten thousand clients achieve their dream of home ownership-Lee heads up the Long Beach branch of Cherry Creek Mortgage. Raised in Long Beach, Lee started his profession in mortgage banking at the age of eighteen. At that same age, he bought his first property to begin his real estate investing career. One of his favorite aspects of helping his clients achieve their home ownership goals is getting to learn about his clients.

read moreDo low down payment options and flexible credit requirements sound good? Of course, they do! FHA loans offer those benefits, as well as the option to use gift funds for down payment and closing costs. Relatives, employers, unions, charitable organizations, government agencies, and even friends can gift funds for you to use in the transaction. FHA loans make it possible for you to buy the home of your dreams while keeping cash in your pocket. These are called FHA loans because the Federal Housing Administration (FHA) insures this type of mortgage after it has been issued by an FHA-approved lender.

read moreRefinancing a mortgage can reduce your mortgage rate and lower your monthly payment. It can also leverage your home equity. The number of refinance loan applications increase when mortgage rates decrease. But while refinancing is an everyday practice, the process can be time-consuming and costly. So it's important to understand how a refi works before applying. Mortgage refinancing involves getting a new home loan to replace a current loan. Since you're replacing your current mortgage, you'll complete a new home loan application and re-qualify for the home mortgage.