Are you thinking about taking the steps to purchase a home? This is an exciting time and with our help your experience will be enjoyable. Buying a home is often the largest purchase you will make, so it is vital to be well prepared. Take the time to browse our website to learn about different loan programs, what they mean to you and how it will affect the home buying process. We are happy to walk you through it!
This question is the first step toward finding the right home. By determining a price range that meets lending guidelines you will save yourself a lot of time.
Some upfront costs include:
Down payment: Typically this can range between 3 – 25% of the cost of the home. The greater the amount that is put down, the lower your monthly mortgage payment will be and you will also have more equity in the property. Less than 20% down in some cases can mean that mortgage insurance may be required, which will increase your monthly cost.
Closing Costs: Typically range from 2-6% of the loan amount depending on factors such as where you are located and the amount of the loan that will be financed.
Ongoing Costs: Housing costs can include Monthly Mortgage Payment, Homeowners Insurance, Mortgage Insurance, Flood Insurance (If applicable), Property Taxes (If applicable), Utilities, and Maintenance.
Before you begin looking for your home you should see if you are financially able to get a mortgage. You can do this by contacting one of our mortgage advisors. If you are currently working with a real estate agent they will appreciate the steps you have taken to get pre-qualified, as it lets them know you are a serious buyer.
Looking for a lower interest rate? Need cash out? Need to consolidate debt? Don’t wait!
Refinancing your mortgage can help you maximize your monthly income. Lowering your mortgage payment can help free up money to save or invest. Favorable rates can mean a lower payment or getting you the cash you need. Our goal is to help you reach your goal. Call one of our mortgage advisors today to see if rates are favorable. To calculate scenarios feel free to use our calculator below.
AmeriMtg is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.
You worked hard. Now let your biggest asset work for you.
With a reverse mortgage you can eliminate monthly payments and still own your home. You have probably heard a lot of myths about them including not retaining ownership of your home. This is certainly not true. You retain the title and ownership during the life of your loan, and you can sell it at any time. You are required to keep paying your property taxes and homeowners insurance as well as keep up with maintenance on the home.
You can apply for a reverse mortgage even if you currently have a mortgage loan with a balance. We take your date of birth along with the home value versus the current loan balance to see how and if you qualify. In some cases, you may also qualify for additional cash out while also eliminating the monthly payment. The cash out is considered tax free but, since we are mortgage professionals and not financial advisors or CPA’s it is best to consult with the appropriate parties if the cash out portion is something that concerns you.
Unlike forward mortgages, a reverse loan can be a little more complicated which is why it is a good idea to find a broker with experience. We are confident we can get your reverse loan done.
GET THE FACTS from a Licensed Loan Originator who can help walk you through your options today.
Ask for a risk free quote by calling 949.273.1200 or emailing info@ameri-mortgage.com and find out what opportunities there are for you to increase your monthly cash flow!
It is the policy of AmeriMtg to respond promptly and accurately to any consumer complaint regarding our products, services or the manner in which we treated the consumer, provided the person making the complaint identifies himself/herself.
All consumer complaints received by AmeriMtg shall be forwarded to Vice President. The Vice President will notify the appropriate manager and together they will determine if further escalation of the complaint is warranted.
Complaints can be submitted by calling 949-273-1200, emailing info@ameri-mortgage.com or in person or mail at 26632 Towne Center Dr. #300 - Suite 3 - Foothill Ranch, CA 92610.
In the event of a verbal complaint, the employee receiving the complaint shall document the complaint in writing. AmeriMtg will acknowledge the complaint within 24 hours. An investigation will be conducted promptly and a response shall be provided to the consumer generally within 5 business days. All written complaints shall be responded to in writing. Verbal complaints may be responded to verbally, but a written confirmation of the response shall be sent to the consumer.
If a consumer claims they are the victim of possible fraud, identity theft, breach of information, financial loss or criminal activity, the Vice President, President and Quality Control Manager will be contacted.
A record of consumer complaints, record retention of such complaints, any supporting documentation and responses shall be retained by the Quality Control officer.
