Welcome to SouthWest Equity Mortgage, where Customer Satisfaction is our Top Priority! The SouthWest Equity Mortgage Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of California. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of mortgage brokers can help make your dreams come true.
At SouthWest Equity Mortgage, our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. Although we are located in San Diego, California, we offer unparalleled mortgage and refinance service to clients throughout the entire State of California!
At SouthWest Equity Mortgage, our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. Although we are located in San Diego, California, we offer unparalleled mortgage and refinance service to clients throughout the entire State of California!
Services
Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area.
Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate no matter what your needs are.
Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate no matter what your needs are.
A Short Refinance, also known as a short payoff, is a transaction, where the lender agrees to accept less than the full amount owed.
The short refinance allows the homeowner to retain ownership of the property, while at the same time avoiding a foreclosure or possible bankruptcy.
If you want to keep your home, but don't have enough equity to get into a foreclosure bailout loan, a short refinance is your answer.
By negotiating a short refinance with your current lender, you can obtain a payoff of less than the full amount owed, and refinance your home with a new lender.
The short refinance allows the homeowner to retain ownership of the property, while at the same time avoiding a foreclosure or possible bankruptcy.
If you want to keep your home, but don't have enough equity to get into a foreclosure bailout loan, a short refinance is your answer.
By negotiating a short refinance with your current lender, you can obtain a payoff of less than the full amount owed, and refinance your home with a new lender.
An FHA loan can be used for a number of different purposes including special renovation products, reverse mortgages, refinancing an existing mortgage, or purchasing a new home.
Cash out FHA refinance options are available to buyers in need of cash for capital for home repairs and debt consolidation.
FHA loans offer relaxed credit requirements and lower down payment options making them easier to qualify for.
Buyers can qualify for an FHA loan with a down payment of only 3.5% of the purchase price and a credit score of 580.
Cash out FHA refinance options are available to buyers in need of cash for capital for home repairs and debt consolidation.
FHA loans offer relaxed credit requirements and lower down payment options making them easier to qualify for.
Buyers can qualify for an FHA loan with a down payment of only 3.5% of the purchase price and a credit score of 580.
Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC).
Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community.
Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.
Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans.
Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community.
Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.
Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans.
With a fixed rate mortgage, the interest rate does not change for the term of the loan, so the monthly payment is always the same.
Typically, the shorter the loan period, the more attractive the interest rate will be.
Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term.
In the early amortization period of the mortgage, a large percentage of the monthly payment pays the interest on the loan.
As the mortgage is paid down, more of the monthly payment is applied toward the principal.
Typically, the shorter the loan period, the more attractive the interest rate will be.
Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term.
In the early amortization period of the mortgage, a large percentage of the monthly payment pays the interest on the loan.
As the mortgage is paid down, more of the monthly payment is applied toward the principal.
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