1 of 7 photos San DiegoCA For Sale $449,0004 Beds / 2 Baths
REE 24 HOUR RECORDED INFO AT 1-800-433-0203 EXT 101.
This updated 4 Bedroom 2 Bath home is in a prime location on a corner lot in a quiet, friendly neighborhood of Clairemont...
1 of 2 photos EncinitasCA For Sale $549,9003 Beds / 2 Baths
This single story home is located in Village Park. This is a great neighborhood with parks and walking trails. The home has a fireplace in the living room to cozy up to with your friends and family...
1 of 7 photos San DiegoCA For Sale $449,0004 Beds / 2 Baths
REE 24 HOUR RECORDED INFO AT 1-800-433-0203 EXT 101.
This updated 4 Bedroom 2 Bath home is in a prime location on a corner lot in a quiet, friendly neighborhood of Clairemont...
1 of 11 photos EncinitasCA For Sale $420,0004 Beds / 1 Baths
Charming home faces west to enjoy the gorgeous sunset views. Perched high on the hill for lovely ocean breezes. The kitchen is light and bright with white cabinets, center island and tile flooring...
1 of 1 photos JamulCA For Sale $399,0005 Beds / 5 Baths
5 BR and 5 BA, Custom Built Home on OVER 2 ACRES of usable land!
Put your own finishing touches on the interior and landscaping to complete this home and make it amazing!..
1 of 9 photos San DiegoCA For Sale $399,0002 Beds / 3 Baths
REDUCED! This townhome is located in a quiet complex Chateau Village. This complex features pool, spa and tennis courts. You will feel the openness with the vaulted ceiling...
1 of 7 photos SanteeCA For Sale $369,9003 Beds / 4 Baths
Must see the breath taking views in Northstar at Sky Ranch this complex is nestle in the hills of Santee. You will feel at home in this upgraded townhome...
1 of 1 photos San Diego For Sale $324,9004 Beds / 2 Baths
4BR/2.5BA
From the front porch you can see the OCEAN! Handyman special - bring your tool belt and fix this home up! Large back yard - for you to create your own private haven...
1 of 3 photos San DiegoCA For Sale 2 Beds / 2 Baths
This townhome features 2 bedrooms and a loft. Once you are inside it feels spacious with high ceilings and many windows. Use the loft for an office or extra bedroom...
1 of 2 photos San DiegoCA For Sale 4 Beds / 2.5 Baths
This 4 bedroom home is spacious and on a large lot. Cosmetic fixer with tons of potential. The property has a view of the hills. Close to freeway - near parks and schools...
1 of 12 photos San DiegoCA For Sale $369,9003 Beds / 2 Baths
A desirable area with a Charming 3 bedroom home! Updated and well kept home has recently painted inside and out with newer glazed windows and front security gate...
Home Loan Lenders
Many of you know that a mortgage or deed of trust is a type of security or protection that a borrower gives to a lender in exchange for the lender loaning you money. You may also know that the source that provides us with this money is given a generic name, like "lender." But who exactly is the lender? What kinds of institutions are you actually borrowing from? Are all lenders the same? Well, here is a description of the most common types of lenders:
We offer many tools to make the process easy and guide you along the way.
Calculators to enable you to understand how much money you can save, or how much loan you can afford.
Our Handy Finance Checklists ensure that you can prepare in advance all of the documentation required.
If you want to understand a specific mortgage term, consult the glossary, it contains simple explanations of the terms and jargon that you may encounter during the process.
Remember that our friendly support staff can be contacted to answer your questions and guide you through the loan process.
Mortgage Bankers
Mortgage Bankers are lenders big enough to create loans and pools of loans that they sell directly to lending institutions. They're also referred to as direct lenders. Examples of lending institutions that buy loans and pools of loans from mortgage bankers include:
Fannie Mae
Freddie Mac
Ginnie Mae
Any company that assembles, and then sells loans, is considered to be a mortgage banker. Mortgage bankers can vary significantly when it comes to size. Some mortgage bankers service the loans they originate, but some do not. Most mortgage bankers have wholesale lending divisions within their company.
Mortgage Brokers
Mortgage Brokers are individuals or companies that unite borrowers and lenders together, and then facilitate the loan process between these two parties. The job of the broker is to put borrowers and lenders in contact with each other. If this contact results in a loan, the broker receives a commission, often from both parties.
Basically, a mortgage broker is an intermediary. They are typically hired by prospective borrowers who either don't know much about the lending industry, don't have time to shop around for different types of loans, or both. The mortgage broker does this work for them. In this way, the job of the mortgage broker is analogous to the job of the real estate buyer's agent, who works on behalf of the buyer to shop around for different homes.
A mortgage broker can evaluate the different types of loans available to you. They can give you insight as to which banks or financial institutions offer the most competitive rates and the terms most compatible with your particular situation.
Be sure to get all the information about the types of loans available to you in writing so that you can review it. People who obtain a loan through a broker tend to get more specialized loans than the standard fifteen or thirty-year loans that you hear about or read about on the Internet. Be sure to read every little detail so that you understand what your signature entails.
Note that when you enlist the services of a mortgage broker, you often have to pay an initial fee or commission once you obtain your loan.
Mortgage broker companies originate loans in order to broker them to wholesale lending institutions with which they have established relationships.
Direct Lenders
Direct Lender is a term that applies to any lenders who fund their own loans. This category can include mortgage bankers, portfolio lenders, or small lending companies.
Many of you know that a mortgage or deed of trust is a type of security or protection that a borrower gives to a lender in exchange for the lender loaning you money. You may also know that the source that provides us with this money is given a generic name, like "lender." But who exactly is the lender? What kinds of institutions are you actually borrowing from? Are all lenders the same? Well, here is a description of the most common types of lenders:
