Loan Process Below is a sample of the loan process. I will work with you in the entire process to achieve your financial goal. Pre-qualification and Application Once I reviewed your financial information and run your credit report, I will issue you a prequalification letter in which your realtor will use it to negotiate a real estate transaction for you. Meantime you complete a mortgage loan application and provide me the usual documentations regarding your loan application. I will then submi[...]

Purchase & Financing Information Sale Price of Home: (In Dollars) Percentage Down: % Length of Mortgage: years Annual Interest Rate: % Explain Calculations: Show me the calculations and amortization This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors [...]

Common Mortgage Terms Adjustable Rate Mortgage (ARM) A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. Also sometimes known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage. Adjustment Interval On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, typically one, three or five years, depending on the index. Amortization Means loan payment[...]