American 1st Home Loans is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
We can assist you by Refinancing into a lower payment with various programs to help improve and leverage your financial position. Better Rates and Fast Service is what we do! The housing market has many phases from the eager first time homebuyer to upgrading due to a larger family, then downgrading for empty nesters and finally, your last home purchase - retirement.
But where will that last purchase be? AARP and Wallet Hub has published a list of the Top Ten Places to retire and here is what they found:. Homeowners' real estate holdings minus the change in mortgage debt rose by $320.1 billion (a positive number means that the value of real estate is growing at a faster pace than household mortgage debt).
We can assist you by Refinancing into a lower payment with various programs to help improve and leverage your financial position. Better Rates and Fast Service is what we do! The housing market has many phases from the eager first time homebuyer to upgrading due to a larger family, then downgrading for empty nesters and finally, your last home purchase - retirement.
But where will that last purchase be? AARP and Wallet Hub has published a list of the Top Ten Places to retire and here is what they found:. Homeowners' real estate holdings minus the change in mortgage debt rose by $320.1 billion (a positive number means that the value of real estate is growing at a faster pace than household mortgage debt).
Services
The most popular home financing product has long been the fixed rate mortgage.
With a fixed interest rate, your rate never changes.
Fixed Rate Loan Programs provide the same expected monthly payments throughout the life of the loan.
Fixed rate mortgages can be good for People who intend to own their home for more than 5-7years.
Fixed Rate Loan Programs are subject to change if you have an escrow impound on taxes and insurances.
Fixed rate mortgages are offered in terms of: 10, 15, 20, 25, 30 years and can be paid off at any time without a pre-payment penalty.
With a fixed interest rate, your rate never changes.
Fixed Rate Loan Programs provide the same expected monthly payments throughout the life of the loan.
Fixed rate mortgages can be good for People who intend to own their home for more than 5-7years.
Fixed Rate Loan Programs are subject to change if you have an escrow impound on taxes and insurances.
Fixed rate mortgages are offered in terms of: 10, 15, 20, 25, 30 years and can be paid off at any time without a pre-payment penalty.
A mortgage broker is a real-estate financing expert who specializes in the origination of residential mortgage loans.
American 1st Home Loans has access to wholesale rates, We offer Wholesale Lending are able to offer rates at a far more affordable cost than traditional Banks.
We can close much faster!
Unlike traditional Banks that are restricted to certain product lines and rates, We are able to work with a wide selection of Wholesale Lenders, giving us the option to strategically provide you with loan programs and rates far more competitive than traditional Banks.
American 1st Home Loans has access to wholesale rates, We offer Wholesale Lending are able to offer rates at a far more affordable cost than traditional Banks.
We can close much faster!
Unlike traditional Banks that are restricted to certain product lines and rates, We are able to work with a wide selection of Wholesale Lenders, giving us the option to strategically provide you with loan programs and rates far more competitive than traditional Banks.
Below is a list of documents that are required when you apply for a Home Mortgage.
However, every circumstance is unique and you may be required to arrange for additional documentation.
Verification of the deposit you placed on the home typically called Earnest Money Deposit "EMD".
Names, addresses and telephone numbers of all Realtors, Escrow, Title individuals involved in the transaction.
Copies of your pay-stubs for the most recent 30-day period reflecting year-to-date on stubs.
Provide full tax returns for the last two years & year-to-date Profit and Loss statement please provide complete tax return including attached schedules and statements.
However, every circumstance is unique and you may be required to arrange for additional documentation.
Verification of the deposit you placed on the home typically called Earnest Money Deposit "EMD".
Names, addresses and telephone numbers of all Realtors, Escrow, Title individuals involved in the transaction.
Copies of your pay-stubs for the most recent 30-day period reflecting year-to-date on stubs.
Provide full tax returns for the last two years & year-to-date Profit and Loss statement please provide complete tax return including attached schedules and statements.
If you make a down payment of less than 20% of the purchase price of the home, mortgage lenders usually require that you take out Private Mortgage Insurance (PMI) that shields the lender in case you default on your mortgage payment.
You may need to pay up to a year's worth of premium for this coverage at closing.
Private Mortgage Insurance companies write insurance defending approximately the top 20% of the mortgage against default, the loan-to-value ratio "LTV", and the particular loan program involved.
You may need to pay up to a year's worth of premium for this coverage at closing.
Private Mortgage Insurance companies write insurance defending approximately the top 20% of the mortgage against default, the loan-to-value ratio "LTV", and the particular loan program involved.
American 1st Home Loans offers a variety of loan programs.
Perhaps you might be looking for your first home, an investment home or even a second/vacation home.
Maybe you just need to only refinance your existing mortgage into a lower fixed rate or refinance your mortgage while consolidating other high interest loans/lines.
American 1st Home Loans can help you along the way with a variety of different loan programs to tailor fit your financial needs and most importantly get you the best rate with a fast closing!
Perhaps you might be looking for your first home, an investment home or even a second/vacation home.
Maybe you just need to only refinance your existing mortgage into a lower fixed rate or refinance your mortgage while consolidating other high interest loans/lines.
American 1st Home Loans can help you along the way with a variety of different loan programs to tailor fit your financial needs and most importantly get you the best rate with a fast closing!
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