A We offer for any kind of property, residential and commercial for all credit grades.
2. Q How do I know when to refinance?
A Here are some items to consider:
Do I need cash for some specific purpose (i, e, school tuitions or education cost, special purchase or investment opportunity. If this is a specific purchase loan the next question, do I have enough equity to make this loan possible? An experienced agent should be able to help give you estimate your equity.
3. Q What if our goal is to lower our interest rate only?
A Then your calculations should be for a repayment of the refinance costs within 18-24 months of your transaction, here a no cost loan could be an option.
4. Q How long should my loan application take?
A Our application process can take as little as 10-15 minutes.
5. Q What about processing to loan funding?
A This depends on the volume of loans in the lender’s pipeline at the time. We try to have several options for each loan request. Generally the time line looks like this: 7-12 working days for purchases 12-21 working days for refinances, sometimes a little faster.
6. Q Will I have to pay any fees up front?
A Usually you will have to pay $18.00 for a credit residential mortgage tri merged credit report.
7. Q What geographical area do you serve?
A The entire state of California.
8. Q What is a NO cost NO fee loan?
A The no cost no fee loan allow BPH Mortgage to pay the closing and receive our origination fee from the Wholesale Lender we select for your loan request.
9. Q Would this be a less expensive loan?
A if you are going to be in the house a short period of time a No fee loan may be best. If you are planning on a longer stay, then the fee based loan would likely be a money saver.
10. Q What are points?
A Points are a percent of the loan amount. For example 1 pt = 1% of a $150,000 loan would be $1500.
