Who wouldn't these days! It seems like there are more questions than ever to ask regarding mortgages. My promise is to guide you through the information and to help you make an informed decision that will keep your life worry-free. Buying a Home? These days it's all about getting the "correct" loan for your situation. FHA, VA, CHFA, and conventional we have you covered.
Together, we will develop a personalized loan that will give you peace of mind and a plan to follow when the speed-bumps in life come along. Curious about Refinancing? I can explain the process and what you can expect from it. The benefits of refinancing include a reduced interest rate and monthly payment, and possibly a plan to help you pay down your balance more quickly.
Fannie Mae and Freddie Mac have made it possible to refinance even when your short on equity. Looking to Leverage Your Home's Equity? Now more than ever if you have equity in your home its a good time to use that equity to buy investment properties. With rates and home prices at an all time low why not cash in and pick up some investment properties.
Together, we will develop a personalized loan that will give you peace of mind and a plan to follow when the speed-bumps in life come along. Curious about Refinancing? I can explain the process and what you can expect from it. The benefits of refinancing include a reduced interest rate and monthly payment, and possibly a plan to help you pay down your balance more quickly.
Fannie Mae and Freddie Mac have made it possible to refinance even when your short on equity. Looking to Leverage Your Home's Equity? Now more than ever if you have equity in your home its a good time to use that equity to buy investment properties. With rates and home prices at an all time low why not cash in and pick up some investment properties.
Services
How comfortable you are with the possibility your mortgage payment may change in the future.
When considering loan programs, the first decision is usually if you prefer a fixed rate mortgage or adjustable rate mortgage.
For example, a 15-year fixed rate mortgage can save you thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher.
An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage, but your payments could increase when the interest rate changes.
When considering loan programs, the first decision is usually if you prefer a fixed rate mortgage or adjustable rate mortgage.
For example, a 15-year fixed rate mortgage can save you thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher.
An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage, but your payments could increase when the interest rate changes.
Foreclosure simply allows a lender to take possession of a property in the event that the person who borrowed the money is unable to repay the loan.
It allows the lender to recoup the value by evicting the previous owner and then re-selling the property to someone else.
Foreclosure is not a mystery.
It is often just misunderstood because most people are afraid to face it.
They don't know or understand what is actually going to happen in the process.
Once you know the steps for your area, you can better ward off a foreclosure or at least manage to get yourself more legal time to deal with in and perhaps find a way to stop it.
It allows the lender to recoup the value by evicting the previous owner and then re-selling the property to someone else.
Foreclosure is not a mystery.
It is often just misunderstood because most people are afraid to face it.
They don't know or understand what is actually going to happen in the process.
Once you know the steps for your area, you can better ward off a foreclosure or at least manage to get yourself more legal time to deal with in and perhaps find a way to stop it.
If you are self-employed: Year to date profit and loss statements and Federal tax returns for the two previous years; If you own a Corporation or Partnership we will need the K-1's unless you are more than 25% owner than we will require the company returns for the most recent two years.
Additional income: social security, overtime bonus, commission, interest income, veteran's benefits and so on.
Two most recent Bank Statements All pages to include, Checking, Savings, Money Market and/or Retirement.
Additional income: social security, overtime bonus, commission, interest income, veteran's benefits and so on.
Two most recent Bank Statements All pages to include, Checking, Savings, Money Market and/or Retirement.
So many people I first speak to and explain to them the importance of their "Debt to Credit Ratio" (balances divided by the limits on your credit cards) tell me-"Oh, I just paid them off!"
They naturally believe this is a positive for their credit scores and they will immediately increase.
Common sense dictates that this is a good thing and of course if they had high balances then in the Big Picture of credit scoring it actually is.
Unfortunately it isn't!
Why.
Because when you pay your credit cards or revolving credit down to a zero balance you have, no "activity" on those accounts which actually hurts your credit score!
They naturally believe this is a positive for their credit scores and they will immediately increase.
Common sense dictates that this is a good thing and of course if they had high balances then in the Big Picture of credit scoring it actually is.
Unfortunately it isn't!
Why.
Because when you pay your credit cards or revolving credit down to a zero balance you have, no "activity" on those accounts which actually hurts your credit score!
In years past yes they did.
I'm sorry to say that if you now have a complaint with someone such as a collection agency, the FTC passes the information on to a division called the "Consumer Sentinel Network".
Although the Federal Trade Commission states that this is a method to handle your problems "more efficiently and effectively" it is simply a method for them to "hand-off" these problems to local & state law enforcement agencies.
They state on their website that it allows you the consumer, to search complaints more efficiently and to "save data in your own 100 megabyte online storage center"!
I'm sorry to say that if you now have a complaint with someone such as a collection agency, the FTC passes the information on to a division called the "Consumer Sentinel Network".
Although the Federal Trade Commission states that this is a method to handle your problems "more efficiently and effectively" it is simply a method for them to "hand-off" these problems to local & state law enforcement agencies.
They state on their website that it allows you the consumer, to search complaints more efficiently and to "save data in your own 100 megabyte online storage center"!
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