• Mortgage Services •
A critical step in the home buying process is finding a mortgage broker who is willing to take the time and asses the needs of the client. This is why Quality Estate Properties has expanded their services and opened a professional mortgage company with a service first philosophy. Our team of mortgage consultants value the importance of understanding your short-term and long-term finacial goals, as well as your retirement goals, so they can educate you on the current loan programs available to meet your current and long-term needs. With the array of financing options available to the consumer today, it is important that the consumer understands the pros and cons of each loan program and does not make a decision solely on the interest rate alone. Most home buyers today shop rates online or over the phone. However, what the home-buyer does not understand is that the loan consultant is offering you an interest rate from a rate sheet before the loan consultant takes the time to gather the crucial information needed to quote you correct pricing. Did you ever stop and ask yourself why they did not take the time to determine your short-term and long-term goals or what your retirement plan was. Maybe you have kids going off to college next year, or plan to buy investment property and need to free up extra cash every month. There are loan programs that fit the needs of almost every home-buyer, however, it takes a professional who values your future as much as they value their own to educate you on the best financial solutions and loan programs available at the current time.
To find out more information on our mortgage services please contact Quality Financial Services and ask for one of our financial consultants today at 949-305-9251 or click on the link: qfscentral.com
Mortgage Pre-Approval Process -
Quality Financial Services is the mortgage affiliate of Quality Estate Properties and is dedicated to helping you reach your goals and dreams. Q.E.P. and Q.F.S. recommend that you meet with your loan consultant and begin the pre-approval process before you spend long hours searching for a home. Getting pre-approved by a loan consultant provides the buyer with valuable information to start their home search, while giving the seller assurance that you are qualified finacially to purchase their home at the time you present them with an offer. Getting pre-approved will also give you the needed advantage over other potential buyers when presenting an offer.
To begin the pre-approval process, please complete the following form or call Quality Financial Services today @ 949-305-9251.
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Have you thought about refinancing lately? The refinancing process is extremely convienent with Quality Financial Services and takes considerably less time then the typicall mortgage process. You can have your home refinanced in as little as ten days.
Refinancing your mortgage provides you with several short-term and long-term benefits. Here are several examples:
Top 5 reasons why home owners should refinance -
1. Lower your monthly payment: By refinancing you can lower your monthly payment by hundreds of thousands of dollars.
2. Your financial situation has changed: You may want to shorten the term of the loan, cash-out, or increase flexibility with an adjustable rate mortgage or an interest only loan.
3. Your home has gone up in value and you want to consolidate your debt by paying off expensive credit cards, medical bills, or college education.
4. Diversification: You are in need of diversifying your investment. There are several options available for you.
5. Eliminate Mortgage Insurance: If you are currently paying mortgage insurance and the value of your home has increased while your loan balance is decreasing and you currently have atleast 20% equity, then it is time to refinance.
Jump start your refinance process today!
Contact Quality Financial Services at 949-305-9251 to begin the process or fill out the form below.
Loan Programs - (Put in Table Format)
Over the last five years the mortgage financing industry has worked hard to overhaul it's processes and expand it's product line in order to offer better financing solutions to the consumer. The decade long docile mortgage interest rate environment has also prompted many homeowners to take advantage of the many different financing options available today. Please take a closer look at a few of the financing options available today. For a complete list of financing options available to fit your needs contact one of our mortgage consultants at 949-305-9251.
Which Loan Program is right for me? Please consider these factors
when speaking with your Quality Financial loan consultant.
* Rate environment: Are the economic indicators pointing towards interest rates rising or falling? This is an important factor to consider when choosing a short-term or long-term loan program.
* Risk Tolerance: What is your comfort level in regards to finacial risk? Does the uncertainty of future rate fluctuations cause a anxiety? Remeber to weigh the pros and cons of the loan program you choose.
* Volatility and Time Horizon: What is your expected time in the house and what future investment opportunities can you create for you and your family? The volatility of the loan program chosen and your time horizon are important factors in choosing the right loan program.
With a fixed rate program you pay the same interest each year for the life of the loan.
30 year fixed/15 year fixed - Advantages - Monthly payments are fixed over the life of the loan. Interest rate does not change. Protected if rates go up. You can refinance if rates go down. Less risk involved. Disadvantages - Higher Interest rate. Higher monthly payments, rate does not go down when interest rates go down. Does not allow for financial freedom or flexibility for other investment opportunities.
Adjustable Rate Mortgages (ARM's) -
10/1 ARM
7/1 ARM
5/1 ARM
3/1 ARM
2/28
1 year ARM
6 Month Arm
1 Month ARM
There are several types of ARM products available that span from 6 month ARM's to 10/1 ARM's, which are fixed for 10 years during the initial rate period, then adjusts based on the specified index and formula of the loan program.
Advantages - Lower initial monthly payment. Lower payment over a shorter period of time. Rates and payments may go down if rates improve. May qualify for higher loan amounts. More flexibility and control with your money. Free's up cash to allow borrower to invest more money elsewhere.
Disadvantages - More risk. Payments may change over time. If the index goes up your rate may go up.
For more information contact one of our mortgage consultants for detailed information on adjustable rate mortgages and indexes and margins.
Interest Only Loans -
With an interest only loan you are only paying down the interest on a monthly basis. Interest Only loans are typically option loans. Meaning you have the option to pay the interest only portion of the loan for 5, 7, or 10 years. After this time period the loan defaults to an amortized loan to include the balance of the loan and the interest.
Advantages - Keeps your monthly payment low. Allows for financial freedom so you can invest more money in your 401K, mutual funds, or work to build your real estate portfolio. Can qualify for a larger loan amount. For Example: A borrower who could afford a monthly payment of $1900 would qualify for $355,000, adjustable rate mortgage with a 5% interest rate.
The same person could qualify for a $455,000 interest only loan, while keeping their payment at $1900 a month. There are many more advantages to an interest only loan and these advantages may vary based on your personal and professional goals and strategies.
Disadvantages - During the interest only period the borrower is not paying down the principal of the loan. If the real estate market does not appreciate in value then you are not gaining equity in your home.
Please contact one of our mortgage consultants at 949-305-9251 to see if an interest only loan is the best solution for you.
100% Financing/Zero Down Programs -
In the past zero down programs were designed for borrowers who had good credit and limited cash reserves, but had enough income to afford a monthly mortgage payment. However, that is not truly the case anymore. Zero down programs are used for a variety of reasons. One of the great forgotten advantages of zero down programs is the art of leveraging money. In an appreciating market, investors and everyday home buyers could and should take advantage of purchasing real estate using someone else's money, while capitalizing on the equity gains. There are many advantages and some disadvantages to zero down programs. Quality Financial Services works with many financial institutions that will provide up to $1.2 million in financing on zero down programs.
Contact one of our mortgage consultants today at 949-305-9251 to find out if a zero down program is right for you and how to take advantage of using some one else's money.
Stated Income/Stated Asset Loans -
Most financial institutions will allow borrowers to qualify for specified loans by usuing the stated income or stated asset method. In the past borrowers had to fully document their monthly income and assets. More emphasis is placed on the borrowers credit history and the value of the subjest property.
There are many reasons for choosing Stated Income/Stated Asset loans. Contact a Quality Financial mortgage consultant at 949-305-9251 to find out more information.
Contact a mortgage consultant at Quality Financial Services for further
information on loan programs. 949-305-9251