Getting the Loan Officer Right

Buying a house is a big moment for most Americans. We strive to get it right by choosing the right real estate agent, ferreting out the perfect property and finally struggle to strike the most favorable deal possible.

But how about the financing for that dream house?

Can we just settle for the first mortgage agent we come across or even pick the loan officer who offers the cheapest rates?

Well, choosing the right loan officer is almost as crucial as finding the right house for yourself. You should always look for someone who is a qualified expert on Irvine home loans and has ample experience to back it up. Shop around to find which loan officers have built a solid reputation in the market and offer high level of customer service.

What is paramount is that the loan agent should be able to comfortably discuss the various types of Irvine home mortgage before providing advice on which mortgage is best suited for your circumstances and needs. This will also show that the officer operates with your best interests at heart.

Another crucial aspect is timely and regular communication with the agent. It can get quite nerve-racking if you are not kept in the loop or cannot reach the agent easily for details.

If you are looking for home loans, Vance Long at United American Mortgage Corporation makes for an excellent choice. He is not only well-equipped to help you find the right mortgage solution for your specific needs but will also make it a point to provide timely updates about the process even as it unfolds. He is unflinchingly responsible and particularly renowned for anticipating potential challenges in your home mortgage and preparing for them accordingly.

Address
3198 – F Airport loop Dr.
Costa Mesa, CA 92626
(714) 420-1997
vlong@uamco.com
Office
(949) 250-1300
Cell
(714) 420-1997
Fax
(949) 250-1959

4 Mistakes to Avoid While Applying for Home Loan

Taking a home loan is a big decision and you should not take it in a hurry. If you are all set to buy your dream home and made up your mind that you want to apply for a loan to make your dream a reality, get ready for a roller coaster ride of home loan.

Buying a home is not a simple task and even applying for the loan is difficult one. You need to do a little homework before taking the decision. Also, take out some time to find out your actual needs and what kinds of property you want to buy.

Here are some common mistakes that you should avoid while taking Irvine home loans:

• Finalizing the lender first
• Not ready with enough amount for down payment
• Choosing between fixed and floating
• Not buying any life insurance policy

By avoiding the above-mentioned mistakes, you are able to make irvine home mortgage loan profitable for you. There are several financial institutions that offer the home loan, However, if you are looking for a reputable institution then choose Vance Long. They offer different types of loans as well as help you to understand whether you are eligible for a particular loan or not.

Email: vlong@uamco.com
Office
(949) 250-1300
Cell
(714) 420-1997
Fax
(949) 250-1959
Website: http://vancelong.com/

Factors You Should Consider When Choosing a Home Loan

A home is one of the biggest investments you will make so it’s important to take every step carefully and in a well-planned manner. The last thing you want to do is to spend that much money and regret your decision down the line. At United American Mortgage Corporation, we encourage our clients to think about their mortgage and home loan options carefully in particular. Loans are long-term financial commitments so it’s important to think over the decision carefully and here are some factors you need to consider:

How much can you afford to pay every month?

This is one of the first factors you need to consider before you apply for the home loan. If your financial health is sound and you have good credit rating, you’ll get a good pre-approved mortgage offer. But this doesn’t mean you should take up that offer and purchase a more expensive home based on that. Calculate how much you will have to pay on a monthly basis and determine what your ideal amount for home mortgage loans will be. That will ensure you don’t face many financial problems down the line.

Is the financial institution’s customer care process good?

Most mortgage loans last for 15 to 30 years so you will have a connection with the lender for that period of time. You need to make sure the financial institution provides proper communication channels and facilities to you before you make your choice. See if they provide workable customer care numbers, email addresses, and explain who you need to contact in order to get assistance with your loan.

Do you understand all the rules and regulations regarding the loans?

Before you choose one of the many Irvine home loans on offer, many sure you understand all the rules and regulations connected to it. The legal paperwork and fine print can be complicated and confusing, which is why it’s a good idea to get advice from an experienced mortgage broker. They’re familiar with different loan options available in the market and will know the terms and conditions involved. They can explain these terms to you so you can make an informed decision.

If you want to know more about irvine home mortgage or find the best mortgage deal for your requirements, don’t hesitate to contact us at United American Mortgage Corporation. You can also call us at 714 4201997.

Long “Happy” Life with Vance Long

Your journey from an adult to old age goes through various ups and downs. During your adulthood, you are always on the run to make money, buy a house, pay your children’s expenses and more so. However, post retirement, even the medical expenses, daily expenses and others often become a burden, which is difficult to carry.

For Independence

Considering the prevalence of nuclear families, a steady income to meet their regular expenses is mostly a cause of worry for retired people. Moreover, most senior citizens are reluctant to part with the house they have built with their savings; not to forget heart and soul. What’s more, over the span of fifteen, twenty or more years, they would have also made valuable additions to enhance the value of the home.

Reverse mortgage is therefore a great tool for senior citizens to reside in their “dream” home and earn for a living. The common questions that would pop up in the minds of the senior citizens would commonly be:

“What if a part of the mortgage amount is still unpaid for?”

“What if I require a bulk payment and not installments to meet my bills or medical expenses now?”

“Is my spouse allowed to reside in the same home after I die?”

Queries Answered

Reverse mortgage is an arrangement where the reverse mortgage lenders pay money in the form of a bulk amount or monthly instalments against the equity prevalent in the home. The remaining amount can only be retained by the lender after the death of the owner or in cases where the owner decides to vacate or move to a different place.

However, no reverse mortgage loan is a one-size-fit-all solution. Reputed reverse mortgage lenders like United American Mortgage Corporation focus on providing the best loan solution for the retired citizens in a way that they earn the maximum benefit from the equity in their homes.

For more on Reverse mortgage loans tailored only for you, visit them at:

vancelong.com