Ed Righter
Ryco Mortgage Company
132 Crow Canyon Drive
Folsom, CA. 95630
Office: (916)
988-6800
Cell: (916) 988-6800
DRE License #
00846348
 Email:
Righter
www.RycoMortgage.com
"The Dream Starts
Here!"
Purchase, Refinance,
Debt Depletion Planning,
and Home Buying
Consultation
Serving Sacramento,
Placer and El Dorado Counties since 1995.
Owner/Broker licensed
since 1982
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California Mortgage Brokers - California Mortgage
Lenders
How California Mortgages Work
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.
All of the
Sacramento County Mortgage professionals listed with
AgentDirectory.net have links to their web site giving clients detailed,
comprehensive information on themselves and their real estate listings.
Including
Sacramento and several local residential "boom towns" such as Elk Grove
and Folsom, Sacramento County is home to over 1.2 million people.
Attracted by the relatively low housing prices, many folks continue to
move here from Silicone Valley.
Sacramento real estate prices are well below the state average-
$254,450 for a median single family home. Real estate in Sacramento
continues to remain steady.
Browse our Sacramento County Mortgage Brokers and Sacramento Lenders
today for more information. If you need additional information, please
contact us directly.
California Mortgage Brokers - California Mortgage Lenders
Sacramento Mortgage Brokers
