Valley West Mortgage

read moreA reverse mortgage is a loan available to homeowners over 62 years of age that enables them to convert part of the equity in their home into cash. The loan is called a reverse mortgage because the traditional mortgage payback stream is reversed. Instead of making monthly payments to a lender (as with a traditional mortgage), the lender makes payments to the borrower. All too frequently we tend to read or hear misinformation about reverse mortgages doled out, sometimes in the press, sometimes by consumer groups or politicians.

read moreThe Federal Housing Finance Agency now sets the loan limits and created higher loan limits for areas of the country designated as "high-cost areas." You have high-cost areas in all regions of the country except the Midwest. Income Qualifications: Conforming loan programs require comprehensive income qualifications. A conventional loan option is a home purchase option that is not insured by a government entity and is referred to as a non-GSE loan. A non-government sponsored entity. Meet the above requirements and are interested to see if you can apply for a loan?

read moreRefinancing your home mortgage gives you the opportunity to replace an older secure loan with a new loan secured by the same assets. The refinancing process is similar to the one you went through with your original mortgage loan. Typically home refinancing is done when you have a mortgage on your home and apply for a second loan to pay off the first one. While taking the decision to go for the home refinancing option, it is important to first determine whether the amount you save on interests balances the amount of fees payable during refinancing.

read moreWe offer services for FHA, VA and Conventional Loan Types. Whether you are Buying a home or Refinancing, we have the right type of Mortgage Loan for your specific situation! You've probably heard the news — today's low mortgage rates mean that there has never been a better time to shop for a home loan. Finding the right home loan depends on several factors. You need to decide what you can afford, how long you plan to stay in the home, your financial goals and tolerance for risk. Determine what kind of a home loan you can afford by using a mortgage calculator.