Buying a house is an exciting adventure, and we want to help you navigate your mortgage loan options so you get the right type of home loan with the best terms. I'm Jimmy Vercellino, an experienced mortgage originator with Phoenix lender Goldwater Bank Mortgage Division. My team and I work hard to provide a timely, efficient and excellent home loan process for you.
We serve families nationwide. A conventional mortgage loan is secured by the backing of a private lender, unlike FHA or VA loans, which are guaranteed by the federal government. Good credit, steady income and a 20% down payment means you will get a much lower fixed rate of interest.
We serve families nationwide. A conventional mortgage loan is secured by the backing of a private lender, unlike FHA or VA loans, which are guaranteed by the federal government. Good credit, steady income and a 20% down payment means you will get a much lower fixed rate of interest.
Services
Our Team
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His goal is to help you select a mortgage that integrates into your short and long-term financial goals as it relates to your home; he will manage your mortgage long term to minimize your expense and optimize your investment. Once you have found the perfect home and successfully negotiated a purchase contract, you can expect to hear from Michael.
Loan Options
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Additionally, most mortgages are 30 or 15 years loans, although 25, 20 and 10 year loans are available. The advantages of a short term loan are less interest charged and higher payments, whereas a long term loan will require more interest although he payments will be lower. Because of this, a 15 year mortgage may have less than half the interest costs of a 30 year mortgage.
Refinancing
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Mortgage refinancing follows a straightforward process, but it can get frustrating if you do not have the correct information before you decide to refinance your home. People refinance their mortgage for several reasons, such as lowering monthly payments, shortening the loan term, opting for more favorable terms and conditions, or taking advantage of the equity gained on the property.
What is Mortgage Insurance PMI
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Private mortgage insurance is often an important part of the loan process. In some cases, it can mean the difference of getting it approved or denied. It is also referred to as PMI. Learning more about PMI, and when it's required, can speed up the lending process and help you become an informed buyer getting the most for your money.
Conventional Loan
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Those who have just entered the housing market and found the home of their dreams may be intimidated by the countless loan options available. Conventional mortgage loans are one of many home loans you can take to help finance your home purchase. Although it requires a sizable down payment and a high credit score, conventional mortgage loans may be the perfect solution for you.
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