Trinity CA FHA Loan Limits and Rates
We shall cover some common questions that Trinity CA Mortgage borrowers often ask in the article:
Trinity CA mortgage borrowers looking for lowest mortgage rates in California will find the article helpful.
Best Trinity California mortgage lenders for refinancing
How Mortgage process works for Trinity CA
While the borrower is talking to his Loan Officer who is essentially accountable for the service he provides to the borrower. At any given point in time there are several people working behind the scenes on a borrowers Mortgage. A Loan Officer typically ties them all up into one and acts as a Single Point Of Contact for every one working behind the scenes and to the borrower. Its team work.
If the loan is backed by Govt agency why does lending criteria change from one bank to another?
Well its quiet simple. Govt on its guideline sheet to banks lay out the terms. Lets make it simple for understanding that Govt agencies tell banks that as long as you get me a borrower who can afford to give me a apple a day, ill back their loan.
When it comes to banks. Banks rope in investors and say well the Govt is only asking for an apple. If i lay a rider on top of Govt guidelines and get you borrowers who can afford to give two apples a day, would you be willing to but loan from us on a premium.
That is how banks like to play themselves. Different investors, different demands and that is why over and above Govt agencies guideline for mortgage. We have these riders that ask for more than what is typically required.
Call Trinity CA mortgage expert below to get you the lowest mortgage rate on your refinance.
For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.
CURRENT REFINANCE RATES MONTEREY CA
Product Rate Change
30 year fixed 3.63% 0.02
15 year fixed 2.99% 0.07
5/1 ARM 3.07% 0.14
Artical by Roger Shanker
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