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Common Mortgage Questions

Frequently Asked Questions


If you have additional questions, call or email us at: 

(949) 679-6680  or

No. There are loan options available for low credit consumers.

Is excellent credit required to purchase or refinance a home?

Yes. Family can assist with a home purchase, they do not have to live in the home.

Can a family member assist with a home purchase?

Is mortgage insurance required?

Yes and No. Mortgage insurance is required if a loan is more than 80% of the property value. Loans under 80% of the property value do not require mortgage insurance.

Is there any pre-payment penalty if I pay my mortgage off faster or early?

No, there is no pre-payment penalty. You can pay off the mortgage as fast as you want.

What does debt to income ratio (DTI) mean?

A ratio that divides total monthly expenses by monthly gross income. This ratio is used in the loan qualification process.

What does loan to value (LTV) mean?

A ratio that divides loan amount by property value (estimated or appraised value). This ratio is used in the loan qualification process.

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