How does a Mortgage work?
A mortgage is an arrangement where a bank or lender loans money with interest. The loan is often secured against the title of the borrower's property. Getting a mortgage is an effective financial strategy when buying a home.
What is a mortgage broker?
A mortgage broker is a financial specialist that helps you get a suitable mortgage product. Depending on the situation and the mortgage broker, the fees and success rates will vary.
Will bad credit affect my ability to get a mortgage?
No. As one of the best Riverside County home loan consultants, we can help you land some great deals even with your bad credit. The reason is that we work with an extensive network of customer-oriented lenders.
What kind of mortgage advice do you offer?
Yes, we have some of the most qualified and regulated home buying advisers in Riverside County, CA. So you are always going to get some great financial advice when you opt with us.
How do I know I’m being offered the best mortgage available to me?
As one of the leading home lending advisors in Riverside County, we have access to the Riverside County mortgage market. We have a team of advisors who carry out extensive research that helps you get some of the best mortgage offers in the market.
What fees are involved?
We offer affordable rates for all the hard work we undergo to make sure that you get some of the best mortgage offers on the market.
How much can I Borrow?
How much you get to borrow depends on the lender you work with. That depends on the property's purchase price, how much you can afford as a deposit, and your income and expenses. For most lenders, you’d need a minimum of 5% of the deposit. Note that the higher your deposit, the more pocket-friendly the interest rates.
Do I need insurance for a mortgage?
Yes, you do. Some lenders require life insurance and income protection insurance, while others expect you to get some insurance for your building. If possible, get some insurance for the contents of the building.
Can I move my mortgage to another lender?
Yes. This situation is known as remortgaging, and it allows you to explore better mortgage rates from other lenders. You'd need to take advice from some of the best home buyer planners in Riverside County before taking this step.
Let us help you get your dream mortgage!
At Team Sosi, we understand that most prospective homeowners have very little knowledge about mortgages and related topics. Rather than approach the field as a greenhorn and make costly mistakes, you can rely on our expertise to get the best home mortgage advice and deals. Our goal is to help you create your winning strategy for homeownership, and we have a team of professionals that are always on hand to assist you at every step of the way. Get in touch with us today to schedule a free consultation, and you’ll be glad you did!Mortgage Advisor In Riverside County