Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!  You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. In the pre-qualification process, you will find out: - Exactly how much home or land you can afford. - How much cash you will need for the down payment. - The minimum down payment, and advantages of higher down payments. - What the bank feels you can afford for a monthly payment. I help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than to my preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of my job as a top Corona real estate agent to offer services such as these. Once you fill out the form, I will quickly process your information and get right back to you! I can help you pre-qualify for your mortgage. It's my job! This is free and without obligation...
Financing Your Home >Mortgage Terms
New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.
Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.
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Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?
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| A |
The former estate of John Lennon in Palm Beach has two pools plus guest quarters. |
 See More Real Estate Trivia > |
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Donna Richards
Tarbell Realtors
24445 Lupine Lane
Corona, CA 92883
Cell: 951-858-4059
Fax: 951-346-3735
main: ruffyrichards@aol.com
My optimistic attitude, caring approach and professional expertise are why clients keep coming back and recommending me to their family and friends. With my solid experience in real estate sales, I have upheld the time honoured practice of putting the customer first!
Whether you are purchasing for the first time, wish to upgrade your current property or are relocating to area, my sound real estate direction, accurate property evaluations, and proven marketing game plans, tough negotiation and open communication, guarantee results every time!   
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