Orange County CA

May 24, 2017

Reverse Mortgage Orange County CA

Looking for the best reverse mortgage with the lowest mortgage rates in Orange County, CA! Call HomePlus Mortgage! 800.810.7587 We Offer the Highest Level of Personalized Customer Service and the Most Competitive Rates in the Industry. Looking for the best reverse mortgage in Orange County? You need to talk with the mortgage professionals at Home Plus Mortgage! Home Plus Mortgage ensures that you get the absolute best rate with the best Home Loans in the current Orange County mortgage loan market. Pick up the phone and call us right now! Our goal is to provide you with the highest level of service and most convenient, competitive mortgage loan refinance. Now is the time to take advantage of the lowest mortgage rates we’ve ever seen! Don’t wait, interest rates can’t stay this low forever. – Home Loans – FHA Loans – VA Loans – 30 Year Loans – 15 Year Loans – 7/1 ARM – 5/1 ARM – Jumbo Loans – Low Interest Rates – Pre-Approved Loans – Refinance Loans – Cash Out Loans – Debt Consolidation – Mortgage Calculator Even if you’re working with another lender, there’s no obligation and it’s highly likely that we’ll get you a better interest rate and save you a ton of money over the life of your home loan refinance. With our large selection of programs, we can often qualify you for a home loan even if you have been turned down elsewhere. Don’t make a mistake! Home Plus Mortgage professionals are dedicated […]

February 27, 2019

Some Important Questions to Ask About Jumbo Loan Orange County, CA

With a number of loan options being offered in the market today, it can be daunting to find the right information that can help you in your quest for the best mortgage deal. That is why it is imperative that you exercise due diligence; make sure that you have done prior research when you shop around. One popular loan type available in the market today is jumbo loan, Orange County, CA. Apparently, this is also one of the items that we receive lots of inquiries about. So, to help our readers and prospective clients understand more about jumbo loan, we have provided answers to some of the most common questions sent to us from prospects. What are jumbo loans? A home loan can be categorized as jumbo when it goes above the standards used for other loans. To date, the loans that ‘conform’ usually have a limit of about USD 424K. Beyond that amount is considered a jumbo loan. How to qualify for a jumbo mortgage? It is important to realize that jumbo lenders typically have stricter underwriting guidelines; they are not backed by Fannie or Freddie, so they are considered a more risky loan option. Here are some of the items that help increase your chances for approval: Larger income Higher credit scores (FICO score is around 740) Greater reserves or assets to cover 6 to 12 months payments Healthy debt-to-income ratio A down payment of 20 to 30 percent What are the benefits of jumbo loans? They allow […]

March 26, 2019

When to Consider Mortgage Jumbo Loan, Orange County, CA

If you have been doing some work for your next mortgage loan, you probably have encountered a term called “jumbo” loan. It is a type of loan that exceeds the dollar amount loan-servicing limits defined by GSE’s Freddie Mac and Fannie Mae. In other words, it is a non-conforming loan. The question you might have in might right now: should I consider mortgage jumbo loan, Orange County, CA? There are three common hurdles that borrowers must clear to be able to get jumbo-loan approval. These are: (1) larger income; (2) credit score; and (3) greater reserves. Do you think you can hurdle the specified criteria? Not sure? Consider consulting a highly qualified mortgage loan company such as the HomePlus Mortgage for assessment. You may consider mortgage jumbo loan when: You have a higher FICO score. FICO scores, the credit scores created by the Fair Isaac Corporation, which range between 300 and 850. Generally, scores below 620 often find it difficult to get financing at favorable rates. To consider a jumbo loan, the FICO scores have to be higher. Experts suggest that you have an average of 740. You have enough reserves. It is highly recommended that you have enough reserves or assets to consider a jumbo loan. Experts suggest that you have an amount to cover between 6 and 12 months’ worth of mortgage payments. Higher down payment. It is important to note as well that the down payment needed on jumbo loans are between 10 and 20 percent. Anything […]

May 27, 2019

Factors Affecting Interest Rates Drop, Orange County, CA

One of the most important deciding factors for home loans is mortgage interest rate. The reason is simple: it has a significant impact on the overall long-term cost of purchasing a home through financing. As a borrower, you would want to get the lowest possible rates available. But the fact remains that the best deal on mortgage rates are best offered to borrowers having the most solid finances and stellar credit histories. Given the dynamics involved in mortgage interest rates, it makes sense to understand the important factors affecting mortgage interest rates drop, Orange County, CA. It helps home buyers better understand as to when is the best time to buy a home. Here are two (2) most important factors that contribute to interest rates drop, Orange County, CA. Inflation Mortgage lenders keep an eye on the prevailing market trends, including inflation. They generally have to maintain interest rates at a level that is at least enough to hurdle the erosion of purchasing power through inflation to ensure a real net profit and keep their business afloat. Supposing the mortgage rates are at 4% and the inflation rate is at 2%, the lender gets back 2%. When the inflation rate is bigger than 4%, expect higher mortgage rates as they move to keep their business afloat. From a borrower’s perspective, one should keep an eye on lower inflation rates as it is highly likely you get the best deals on mortgage loans during this time. Federal reserve monetary policy The […]