Kelley / Lokesh MGB Financial Services, Inc. 18300 Gridley Road, Ste. I Artesia, CA. 90701 Office: (562) 809- 2643 Toll Free: (877) 964- 2562 Cell: (562) 858- 4814  License # 01243572     Email: MGBLoan www.HomeBuyingSelling.com   15 Years of Experience FHA, VA, Rent-Lease Option To Buy, City-Grant Down Payment Assistance, Credit Problem, Zero Down, Sub-Prime Lender, Refinance, Debt consolidation, Home Improvement...

Michael A.  Robertson Bristol Home Loans 16218 Whittier Blvd. Whittier, CA. 90603 Office: (562) 902- 3407 Cell: (562) 412- 0504  License # 00914484       Email: MikeRobertson www.Mike4Loans.com   Presidents and Century Club: 2001, 2002 & 2003 Over 17 Years Experience in Lending! Bristol Home Loans provides a Full Range of Mortgage Products

Mark Cohen Cohen Financial Group 9595 Wilshire Blvd. Suite 810 Beverly Hills, CA. 90212 Office: (310) 777-5401     Email: MarkCohen www.CohenFinancialGroup.com   Top Mortgage Originator in California 6 Years Running according to Mortgage Originator Magazine! "Expertise Brings Confidence..."

Robert Munck Great Western Home Loan 95 Argonaut, Suite 102 Aliso Viejo, CA. 92656 Office: (866) 334-0471     Email: Munck www.gwhomeloan.com   Refinance – Cash Out - Debt Consolidation

California Mortgage Brokers - California Mortgage Lenders

How California Mortgages Work

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Buying a house is probably the single, biggest purchase you will make in your life. Most likely you will have to borrow the money from a bank or other financial institution by getting a California mortgage -- a long-term loan secured by the property you purchase. A mortgage is a long-term loan that a borrower obtains from a bank, thrift, independent mortgage broker, online lender or even the property seller.
The house and the land it sits on serve as collateral for the loan. The borrower signs documents at closing time giving the lender a lien against the property. If that borrower doesn't make payments as agreed, the lender can take the home through foreclosure. Because mortgages are such large loans, consumers pay them off over long periods -- usually 15 to 30 years. Their monthly payments gradually whittle away the principal balance, slowly at first then rapidly toward the end of the loan. Securing the mortgage loan involves a lot of paperwork; it’s a detailed look at your credit history, employment record and financial assets and liabilities.

You're coming to the finish line in the home-buying race. You’ve found a home you like and can afford, you have a mortgage loan, and now it’s time to close the deal.

The process of "closing," or the settlement of a home purchase, involves keeping track of a lot of paperwork, looking ahead to the life of the loan and building equity. Here is a guide to the final steps of reaching your goal of homeownership.

California Mortgage Brokers - California Mortgage Lenders