Home Price Appreciation: Home prices generally have risen over time.
Tax Savings: Mortgage interests are tax-deductible
Build Wealth Over Time: Mortgage payments often pay down principal over time, thus lowering your remaining mortgage balance.
Payment Security: Regardless of the landlord’s plans with the house, your mortgage payments will not change.
Why Consider a Refinance?
A loan refinances switches an existing mortgage with a new one, allowing you to modify the loan’s interest rate, adjust the term length, or simply cash out. Consulting with Claire Kim will help you set clear financial pathways in order to choose the most suitable package to refinance your home mortgage.
A conventional loan is a type of loan that is not offered or secured by a government entity like the FHA or VA. Instead, these loans are made available by government-sponsored enterprises Fannie Mae and Freddie Mac.
High Balance Loan
For high-cost areas, potential homeowners can still utilize the benefits of a conventional loan rather than going into a Jumbo Loan Program.
Stated Income Loan
For more complexed income situations, we offer products without verifying tax returns. With alternate income documents like P&L statements, Verification of Employments, etc., you can still get a mortgage with larger down payments and good credit scores.
Foreign National Loan
You can still buy homes in the United States even though you are not a US citizen. With higher down payments, we allow foreign income and credit to be used to offer mortgages to non-residents.
Reverse mortgages are for homeowners ages 62 and older. This allows these homeowners to convert their home equity value into cash without any monthly mortgage payments.
For higher mortgage amounts above conventional limits, home buyers may need to go with a jumbo mortgage for financing. Since they are portfolio loans from banks and private lenders, they come with unique underwriting requirements.
FHA loan is insured by the Federal Housing Administration and mostly suitable for low-to-moderate income borrowers with lower down payment and/or less than perfect credit scores.
VA Loan is a program established by the United State Department of Veterans Affairs to help veterans and their families purchase homes with no down payment requirements. Borrowers must obtain Certificate of Eligibility from VA to apply for the loan