PRMI has helped over 225,000 families with home financing. We help first time home buyers!
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Mortgage Loans don’t need to be mysterious.
What, choosing mortgage loans in Santa Rosa isn’t your specialty? Not to worry, it’s MY specialty. The best loan for you depends on your goals and your individual circumstances. A quick, no-pressure consultation can clear things up fast. Speak to you soon!
Fixed Rate Loans
Fixed-rate mortgage interest rates are set when you close, and won’t change for the life of your loan. Fixed rates are the most popular type of loan because they make budgeting and planning simple, and borrowers need not worry about payments going up.
Adjustable Rate Mortgages
In some cases, an Adjustable Rate Mortgage (ARM) can lower your payments and save you money over the life of your loan. We can help you decide between ARM and fixed-rate options, depending on your situation. Let’s run some numbers and save you some money.
A reverse mortgage is a loan that enables homeowners age 62 and over to convert part of the their home equity into cash. Reverse mortgages are typically used to supplement retirement income. They can be a valuable retirement component but require careful planning.
FHA loans, insured by the Federal Housing Administration, enable borrowers to qualify for loans with less down payment required (as low as 3.5%) and they allow a higher debt-to-income ratio (DTI). The tradeoff is, FHA loans carry mortgage insurance. Wondering if an FHA is right for you? We’ll help you decide.
The goal of mortgage refinancing is typically to obtain a better interest rate and terms, to lower costs and potentially shorten the mortgage term. Cash-out refinances allow additional money for home improvement, college costs or to pay-off expensive credit card debt. With refinancing, the original mortage loan is paid off and is replaced by a new loan.
Need a plus-sized mortgage loan? We’ve got you covered in Northern California, with loans up to $2.5 million. Jumbo mortgages currently have favorable rates, but can be more tricky to qualify for than conforming loans. Contact us to see if this is an option.