FHA Loan El Paso

read moreAs a professional Residential Mortgage Loan Originator with almost 9 years of finance experience, I can offer you a personalized financial strategy, not just a generic mortgage program. The mortgage we design together will be based on your unique situation, your attitude and preferences, and your financial goals. It will be designed to account for change, both in the market and in your circumstances, so that it can work with you and for you. My approach to mortgage financing is straightforward: I focus on becoming your partner in building the future you desire.

read moreThis is where you have stable predicable payments each month and as a result offers the most security for yourself and your family. If you are currently in an adjustable rate mortgage (ARM) and would like the security of a fixed rate, a fixed rate FHA is the right program for you. That whole process generally takes no more than 30 days. One nice advantage of refinancing is that you are allowed to skip one month of your mortgage payment after you close. Depending on when in the month your mortgage closes you can possibly not make the current mortgage payment and skip the following month as well.

read moreIf you have never bought a home before the process may seem complicated, even if you are a first time home buyer! But buying a home with a FHA loan is really no different than buying a home with any other loan-except-you have more protection against foreclosure with FHA, it is also easier to qualify, your mortgage insurance will be less and there is slightly more paperwork needed. What you can afford depends on your income, credit rating, current monthly expenses, down payment and the interest rate.