KP Mortgage and Realty 8725 Mesa Road Santee, CA. 92071 Office: (619) 588-5407 License # 01126420     Email: Info www.KPMortgageandRealty.com     Providing personal, dedicated service that covers the entire Real Estate buying and selling process	Tony Haber 4435 Terreno Court San Diego, California 92124 Office: (888) 679-8669 Direct: (858) 292-1105 License # 00647995   Email: AHaber www.TonyHaber.com     Over 15 Years Experience, serving all of California Solid experience with credit problems and special situations Commercial, Land, Construction and Income Property Loans Sub-prime lending, "A" paper/prime residential loans
Appia Financial 8464 New Salem Street, Suite 88 San Diego, CA. 92126 Telephone: 858.583.6161 Fax: 858.653.0331   Email: info www.AppiaFinancial.net   Serving all of Southern California First Time Home Buyers, Re-Financing, Debt Consolidation	Jeremy Ison Mortgage Loan Specialist 9373 Activity Road, Suite H San Diego, CA. 92126     Email: Jeremy www.LoandByJeremy.com   New Home Purchase Specialist Specializing in Zero Down, Slow Credit, Self-Employed, First Time Home Buyers, Debt-consolidation, Refinancing and Cash-out

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.

California Mortgage Brokers - California Mortgage Lenders