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How can I lower my monthly payments

An adjustable rate loan might be a good alternative to the higher fixed rates.

With an ARM loan, you generally begin with lower rates and therefore lower monthly payments.  This means that you can afford to purchase a bigger home and you can use more of your money to help pay for furniture and other new home needs.

With our ARM loans, you can even choose to keep your monthly payment level for 1, 3, 5, 7, or 10 years before it begins adjusting annually.

ARM loan rates are tied to, and fluctuate relative to changes in a specified published financial index.  Contact your loan consultant for details on which index is regulating your proposed loan.

What are my options for a stable monthly payment?

Fixed rates may be your answer.

Consider locking in a favorable rate for as long as 30 years.  Or as an option, you can consider a loan which keeps its rate fixed for 1, 3, 5, 7, or 10 years before it begins to adjust annually.

Thinking about how long you plan to stay in your home and talking to one of our expert loan consultants will help lead you to the right loan option.

Is there a home loan available that will give me extra cash

When you refinance your primary home loan, in many cases you can get extra money to pay off bills that may have large payments or higher interest rates.  Ask about refinancing to get cash out of your home or a debt consolidation loan.

How can I compare other banks' lending rates

The easiest way is to browse the internet.  Most banks and lending institutions publish their rates on a daily basis.  There are even home loan catalogs that monitor several lenders at once and compare them for you.  When you compare lenders for either purchase money or refinancing, be sure to find out ALL the fees being charged and compare more than just the rates.

How long does it take to get approved for a loan?

Many lenders will make you wait for weeks to find out if you qualify for a loan.  Our loan consultant can issue loan approvals that are measured in days, not weeks.

But why not get approved before you start shopping for your home?

With advance loan approval, loan consultant can issue a 3 day loan approval, for qualified buyers.

• at lasts! You can lock in rate, on either fixed or adjustable mortgage rate, for up to 60 days.
• Advance loan approval is our guarantee of how much we'll lend you, before you go shopping.
• You'll know up front how moch home you can afford and at the same timeeliminate the worry of getting financing to back an offer you make.
• You'll have leverage! An advance loan approval from CENTURY 21 McNairy & Associates is almost like cash in hand, a sure way to be taken seriously by a seller, to save time and to look smart!
  
  
• It's free! There's no charges for the convenience and peace of mind you get with a CENTURY 21 McNairy & Associates Advance loan approval.
  
  
• It lasts! You can lock in a rate, on either fixed or adjustable mortgage rates, for up to 60 days, free!

Can you make repayment of my loan more convenient?

Yes, we can include your taxes and insurance with your monthly payments.   In many cases, we can set it up for you to make your home loan payments either through payroll deduction or automatic payments directly from your checking account (depending on your employer and or bank).

If you don't see your question here, call us or send us an email.   We'll get back to you with an answer within 24 hours.

CENTURY 21 McNairy & Associates 38780 Trade Center Dr., Suite 2G Palmdale, CA 93551 (661) 575-8980

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