Whether you are interested in a purchase, refinance, equity line or a reverse mortgage, I appreciate the opportunity to assist with your home financing. More than providing low rates and low fees, I am committed to helping you decide on the best program and structure to meet your specific needs. I enjoy working with people and make it a personal goal to establish relationships that don't end with a specific financial transaction but grow with ever-changing financial needs.
Let my expertise, knowledge and 15 years experience work for you. Peter Murray is an associate at Dove Mortgage Corporation.
Let my expertise, knowledge and 15 years experience work for you. Peter Murray is an associate at Dove Mortgage Corporation.
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My name is Peter Bevan Murray.
I currently live in Southern Orange County.
I am married and have two wonderful beach loving sons, ages 10 and 3.
They keep me young and amaze me everyday.
I was born about seven miles from Wall Street in New York City and moved to California when I was 8 years old.
I grew up in Palos Verdes and have lived most of my life in Southern California.
I have been in the mortgage industry for 15 years.
I have proudly closed over $315 million in loans during my career.
With hard work and loyalty to my customers, I have managed to survive this up and down industry.
I currently live in Southern Orange County.
I am married and have two wonderful beach loving sons, ages 10 and 3.
They keep me young and amaze me everyday.
I was born about seven miles from Wall Street in New York City and moved to California when I was 8 years old.
I grew up in Palos Verdes and have lived most of my life in Southern California.
I have been in the mortgage industry for 15 years.
I have proudly closed over $315 million in loans during my career.
With hard work and loyalty to my customers, I have managed to survive this up and down industry.
The different types of mortgage lenders include mortgage bankers, commercial banks, credit unions, and thrift institutions (savings banks and savings & loan associations).
Banks, savings & loans and credit unions gather funds from their customers through checking and savings accounts and certificates of deposits.
These funds are then used to make loans.
When these institutions make a mortgage loan, they may decide to hold it in portfolio or sell it to secondary market investors.
Mortgage bankers get their funds typically by selling their loans in the secondary mortgage market.
Banks, savings & loans and credit unions gather funds from their customers through checking and savings accounts and certificates of deposits.
These funds are then used to make loans.
When these institutions make a mortgage loan, they may decide to hold it in portfolio or sell it to secondary market investors.
Mortgage bankers get their funds typically by selling their loans in the secondary mortgage market.
Until recently, seniors 62 years of age and older have not had the best options when it came to getting cash from their homes.
Traditional home loans only offered the choice of either selling one's house or borrowing against its equity.
With reverse mortgages becoming common business practice, seniors now have additional cash-flow alternatives.
This type of loan allows mature borrowers to convert their home equity into tax-free income without leaving their current home or making mortgage payments - and they do not need an existing income to qualify.
Traditional home loans only offered the choice of either selling one's house or borrowing against its equity.
With reverse mortgages becoming common business practice, seniors now have additional cash-flow alternatives.
This type of loan allows mature borrowers to convert their home equity into tax-free income without leaving their current home or making mortgage payments - and they do not need an existing income to qualify.
A provision in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a monthly payment is missed.
A mortgage that permits the lender to adjust its interest rate periodically on the basis of changes in a specified index.
The original cost of a property plus the value of any capital expenditures for improvements to the property minus any depreciation taken.
A person appointed by a probate court to administer the estate of a person who died intestate.
A detailed analysis of your ability to afford the purchase of a home.
A mortgage that permits the lender to adjust its interest rate periodically on the basis of changes in a specified index.
The original cost of a property plus the value of any capital expenditures for improvements to the property minus any depreciation taken.
A person appointed by a probate court to administer the estate of a person who died intestate.
A detailed analysis of your ability to afford the purchase of a home.
What is a Truth-In-Lending Disclosure and why do I receive it?
A. The disclosure is designed to give you information about the costs of your loan so that you may compare these costs with those of other programs or lenders.
A. The Annual Percentage Rate (APR) is the cost of your credit expressed as an annual rate.
Because you may be paying loan discount "points" and other "prepaid" finance charges at closing, the APR disclosed is often higher than the interest rate on your loan.
This APR can be compared to the APR on other loan programs to give you a consistent means of comparing rates and programs.
A. The disclosure is designed to give you information about the costs of your loan so that you may compare these costs with those of other programs or lenders.
A. The Annual Percentage Rate (APR) is the cost of your credit expressed as an annual rate.
Because you may be paying loan discount "points" and other "prepaid" finance charges at closing, the APR disclosed is often higher than the interest rate on your loan.
This APR can be compared to the APR on other loan programs to give you a consistent means of comparing rates and programs.
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