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First Time Home Buyers – 3 Things You Need to Know

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The real estate market in Southern California is competitive, particularly as summer draws near, which is why there are specific things you need to know if you’re a first-time home buyer. Here’s a look at what to expect, and what you need to know before you go searching for your first home in Orange County, LA County, San Bernardino County or Riverside County. There Are Great Financing... 

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Is it Time to Refinance My Adjustable Rate Mortgage? Answer These 4 Questions to Find Out

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If you’re wondering if it is time to refinance your Adjustable Rate Mortgage in SoCal, you will want to ask yourself 4 questions to determine if the time is right. Here’s how to know if it is time to contact a top-rated mortgage broker and lender, serving Orange County, Los Angeles County, San Diego County, and everywhere in between. Is My Adjustable Rate Mortgage Set to Adjust? Many... 

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Home Equity Line of Credit (HELOC) Adjusting?

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A lot of homeowners in places like Orange County, Los Angeles County, Riverside County, and throughout San Bernardino, Ventura and San Diego County, took out Home Equity Lines of Credit (HELOCs) during the recession. Many of these equity lines were interest only loans for 10 years. However, at Summit Lending, we’ve been getting a lot of calls from homeowners who are now seeing their interest... 

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Adjustable Rate Mortgages in SoCal: What to Do If Your Monthly Payments Are Increasing

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If you’re like countless other Southern California homeowners, who have an Adjustable Rate Mortgage (ARM), which is resetting, you’ve probably noticed your payments increasing. Equally as many other homeowners in an Adjustable Rate Mortgages may be worrying what will happen when the rates adjust. In a lot of cases, a refinance into a new loan may be the best way to combat increasing monthly payments.... 

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Paying Off Your Mortgage Sooner: Benefits & Tips for SoCal Homeowners

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If you’re a homeowner in Southern California it’s likely you have wondered if paying off your mortgage sooner is possible, or beneficial. After all, who wouldn’t like to own their home outright in less time? Paying off your mortgage sooner means fewer months of payments. However, deciding to pay off your mortgage sooner is not always a smart financial move for every buyer. For example,... 

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Qualify for a Home Loan When Self-Employed

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When you’re looking to qualify for a home loan as a self-employed borrower, there are a lot of misconceptions that abound. Chiefly, that it is much harder to get a mortgage loan in SoCal if you’re self-employed. At Huntington Beach based, top Yelp! reviewed Summit Lending, we’re here to tell you that some of these myths are inaccurate. Here’s a look at what to expect, when applying... 

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Easy Home Loans with Great Rates in SoCal

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When it comes to buying a home or refinancing a mortgage, Summit Lending is renowned for providing easy home loans with great rates in SoCal. From Ventura County to San Diego County, and everywhere in between; the top-reviewed Orange County mortgage brokers at Summit Lending make home financing easy. Whether you need a VA loan, a Government loan, and FHA loan, Jumbo loan, or a low down payment loan,... 

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6 Tips for Saving for a Down Payment for a Home in SoCal

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Saving money for a down payment on a home in Southern California can seem a bit overwhelming. However, with so many incredible loan products available to first time buyers, and experienced buyers, there is no reason to assume that saving enough money for a down payment is impossible. In fact, considering that so many incredible options are available from FHA, Fannie Mae, Freddie Mac, and through VA... 

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Mortgage Refinance Loans Checklist for SoCal Homeowners

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If you’re thinking about refinancing your mortgage in SoCal, there are a few things to consider, and several steps to take if you decide to do it. Here’s a checklist of items to gather if you’re planning or considering refinancing your home in Southern California. Deciding to Refinance Your Mortgage in SoCal Plain and simple, the only reason to refinance your home, is if it makes... 

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