Whether you're looking for a lender with programs specifically for first-time home buyers or a mortgage lender willing to work with less-than-perfect credit, there are plenty of options in the California state. Applying each one of them to get the better rate can be time consuming and impact bad on your credit.
Working with Primegage, takes the stress out of the mortgage process. Not only you’ll save time but you'll have a dedicated licensed and specialized Loan Advisor by your side, who can guide you to the right program for you and shop for the lender that better fits your needs.
Your rate will be different depending on your credit score and other details. Get personalized rates and a mortgage recommendation designed for you.
We are an independent mortgage brokerage located in Los Angeles CA, licensed to serve the greatest California state. At Primegage, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service – putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you and your family from the many mortgage options that are available today. After you select the loan that is best for you, we will work continuously on your behalf to help you achieve your dream of homeownership.
We constantly shop for a better lender, with better rates and terms. Being independent brokerage gives us ability to work with different lending companies with no conflict of interest.
Our commitment is to the people we serve and there is nothing above that. We treat each customer as an individual, not a number. We don’t place you into a loan profile formula created by the banking industry. We use “common sense” and will help you obtain the best loan possible. We represent a wide range of “A” rated lenders with first quality rates to private “hardship” lenders.
Contact us today for Free, No obligation Consultation.
Tell us about yourself and where you are in the home-buying journey! We’ll get you a personalized quote right away, and a pre-approval letter you can use while house hunting.
You can upload, sign, submit documents, and lock in your rate – all online! If you need some extra help in this process you can call us and we will help you through it.
We’ll let you know where to go and what you’ll need to bring. Your closing expert can provide peace of mind should you have any questions beforehand.
Your interest rate is the direct charge for borrowing money. The APR, however, reflects the cost of your mortgage as a yearly rate and includes the interest rate, origination charge, discount points and other costs such as lender fees, processing costs, documentation fees, prepaid mortgage interest, and upfront and monthly mortgage insurance premium. When comparing loans across different lenders, it is best to use quoted APRs for the same type and term of loan.
For most homeowners, the monthly mortgage payments include three separate parts:
Principal: Repayment on the amount borrowed
Interest: Payment to the lender for the amount borrowed
Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company.
A mortgage rate lock is a promise to you from the lender to hold a specific combination of an interest rate and points for an agreed upon time (typically 10, 15, 30, 45 or 60 days) until you can close on your home. Locking in a rate protects you from unforeseen interest rate increases that can occur in the days or weeks leading up to closing, but conversely, if the rates fall, you may not be able to take advantage of the lower rates.Rate locks are dependent on the type of loan program, current interest rates, points, and the length of the lock. To hold a rate for longer periods of time, you usually have to agree to pay higher points or interest rates.
You should avoid opening new credit once you have applied for your mortgage, such as buying new car or taking out a new credit card. This can cause your approval to change since it will add to the amount of monthly debt payments that you are responsible for.
No, you are not obligated for a mortgage loan until you go to closing and you sign the mortgage and the note.
