We have tailored the financial Center for our savvy consumers.  We have included a financial calculator which will allow you to determine you potential mortgage payments, given your credit score as well as a projected interest rate.  Also we have added a Glossary of the most frequently used real estate and mortgage terms.  We want you to familiarize yourself with the sales process and part of that involves getting to know your interest rates and potential payments, but also knowing commonly used terms.  Orange County Streets is happy you are here with us so please, come look around.

Mortgage financing more than ever has is a vital part of the real estate purchase process.  Over the years there have been many new financing options that have been developed which have expanded the buying pool.  It is critically important that all borrowers know their options, and they take the time to shop around to find the best financing situation for them.  The agents at Orange County Streets can help you find the option that fits your situation best.

Home owners get a lot of personal satisfaction in living in a home that is their own.  Real estate will always be a valued investment which will provide its owners with many financial advantages and tax benefits.  The mortgage interest you pay on your home loan and the real estate taxes are just two among the many federal tax deductions real estate owners enjoy.  Owning real estate is still the most secure form of building long term wealth.

Choosing the Correct Lender for you Orange County Dream Home

It is critically important that as you being the process of selecting your mortgage financing that you do all of the research you can.  Shopping around is the most advantageous way of becoming informed about the different financing options available to you.  Choosing a lender with integrity and financing program that will allow give you security and stability as important as finding the right home.

Unusually low rates could mean trouble.  It is important to establish relationships with lenders who have been and are in mortgage financing for the long haul.  Excessive fees and fantastic rates usually go hand in hand; it is important to first do you homework, meet with your local lenders to determine which source of financing is best for you; FHA, VA, FNMA or FHLMC.  Be wary of lenders, who charge fees to simply quote you their rate, you should not be charged any fees, until you after you have signed your commitment papers.  Experienced and reliable lenders will be able to tell you at the time of your application your status; approved, approved with conditions or denied.  Do not waste time going back and forth with a lender who will not or cannot give you a straight answer.  Once you have gone through the process of selecting a lender read all of the paperwork, from the Good Faith Estimate, to the final loan documents, make sure nothing has changed.  If you paper work differs from your initial good faith estimate, do not sign you loan documents, and immediately consult with an attorney.

There are innumerable consumer loans on the market and a variety of different structures, rates and fees, it is important that you consult an experienced professional when first endeavor to secure financing.  It is important to establish a plan, sit down and determine how long you plan to be in your new home, are you planning to pay off your loan or is it more important to have lower monthly payments, do you want to pay your taxes an insurance with your mortgage or do you want to pay the separately.  When discussing discount points, it is important to know, discount points allow you to purchase a lower interest rate than what the market allows, it is not prepaid interest.  It is important to take all of this information into consideration when considering your situation.  The professional real estate consultants at Orange County Streets will review your situation and help make some recommendations regarding what plans might be in your best interest.

Contact us now for a free consultation.