NBM Financial
Mortgage Company in Irvine, CA
Niche Lending, a leader in Real Estate Lending, supplies financial solutions for you, your family and specialists and their customers. Many of our customers are referrals from legal, taxation, family planning, and investment professional whose synergistic partnership promotes our customer's well-being and wealth. Through every step of our customer's life, our staff and our expert partners become our customer's greatest asset. Our Certified Mortgage Planners and our niche staff pride ourselves in educating our customers with an incredible amount of FREE material available on our website.
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NBM Financial
read moreThe loan process can be easy, if you choose the right company and right Loan Officer. I focus on helping home buyers and owners in Orange County, CA with their home financing and have over 29 years experience closing loans. While I am known by many in the industry as specializing in FHA and VA loans, I have also extensive experience with Conventional Fannie Mae/Freddie Mac and Jumbo loan programs. The first step is to get Prequalified. Prequalification only takes a quick 5 minute phone call so that I can prepare customized loan scenarios based on your goals, qualifications, and payment comfort level.
What is an FHA Loan
read moreThe FHA's mission driven organization encourages home ownership and provides affordable housing opportunities with low down payment and flexible credit requirements. Since 1934, the FHA has insured millions of home mortgages with a market share of 30% in 2010 vs 3% in 2007. In 2009, FHA programs insured nearly 2 million loans, which included 750,000 first-time home buyers. While most people believe that the FHA lends money directly to borrowers, it actually just insures a certain type of loan that is financed by traditional banks and mortgage lenders.
Refinancing Options for Orange
read moreInterest rates change daily, and in many cases lenders will issue several interest rate changes within the same day. Many lenders offer "no cost" refinancing, while others will advertise extremely low interest rates that come with big fees. Which is better? A "no cost" refinance occurs when a borrower chooses an interest rate that is a little higher than the "PAR" or 0 point rate. By taking a higher interest rate the lender is able to offer a rebate, yield spread premium, or lender credit, which can be used to offset the closing costs associated with a loan.
Conventional Loan
read moreLoans underwritten to "Conventional" guidelines tend to have more aggressive interest rates than other types of loans. The reason is because there is a large "secondary" market available which makes it easy for lenders to sell these loans, thus freeing up more funds for future loans. This is versus a "portfolio" loan. A portfolio lender may have more flexible underwriting guidelines since they will keep the loan "on their books". However, most portfolio lenders do not offer 30 year fixed rates, instead offering adjustable rate mortgage programs.
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