949-581-2452/Ce
  • No matter what type of loan you need, we're with you every step of the way.

    No matter what type of loan you need, we're with you every step of the way.

  • The PERFECT HOME is waiting for you -- let us find you the perfect loan to go with it.

    The PERFECT HOME is waiting for you -- let us find you the perfect loan to go with it.

  • REFINANCING is easy with our professionals' help.

    REFINANCING is easy with our professionals' help.

Fixed Rate Mortgages

The traditional fixed rate mortgage is the most common type of loan program, where monthly principal and interest payments never change during the life of the loan. Fixed rate mortgages are available in terms ranging from 10 to 30 years and in most cases can be paid off at any time without penalty. This type of mortgage is structured, or "amortized" so that it will be completely paid off by the end of the loan term. 

Even though you have a fixed rate mortgage, your monthly payment may vary if you have an "impound account". In addition to the monthly "principal + interest" and any mortgage insurance premium (amount charged to homebuyers who put less than 20% cash down when purchasing their home),  some lenders collect additional money each month for the prorated monthly cost of property taxes and homeowners insurance. The extra money is put in an impound account by the lender who uses it to pay the borrowers' property taxes and homeowners insurance premium when they are due. If either the property tax or the insurance happens to change, the borrower's monthly payment will be adjusted accordingly. However, the overall payments in a fixed rate mortgage are very stable and predictable.

Contact Us

© Copyright 2024. All rights reserved.

Address: 26041 Acero MISSION VIEJO, CA 92691

Phone: (949) 581-2452

Fax: (949) 454-7524

Email: kenatmlc@gmail.com

NMLS# 359987

 

Read Our Reviews

Thank You so much for this very quick and easy refi.
 
I must tell you, as a person who pays attention to detail and who very much appreciates others who do as well.  You sir have been excellent to work with and exceeded my expectations.
I do not say that lightly.
 
On a scale of 1-10 (10 being great)
on service 10+
on customer service; 10+
on being available and responding to customer requests and in a timely manner; 10+
 
It has been a pleasure and I will HIGHLY recommend you in the future!
Thanks again...
I am guessing I'll be get some final documents in the mail, and hearing from my lender... but other than that we are done?
 
If so THANK YOU!!!!
 
Ken Hoffman

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Hi Ken,

Thanks for all your help on getting this done in a timely and efficient manner.  I appreciate your responsiveness and today let FMN know how pleased I am.

Best regards,
Vince

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