Mortgages Defined: Information from Carlsbad California Real Estate Professional The Von Musser Real Estate Group, Inc.

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August 7, 2010, by Marc Von musser, mba, cfs, csp in Blogging

Mortgages Defined: Information from Carlsbad California Real Estate Professional The Von Musser Real Estate Group, Inc.

First, before I share some very good information about mortgages in today's market in Carlsbad, California, I wanted to share this with all of you. I am President of one of the most professional and experienced Real Estate Teams in Carlsbad, California. The Von Musser Real Estate Group has negotiated over 1,500 loans/liens in the last 26 months. With that said, we are all now proud to be a part of the incredible national team of Allison James Estates and Homes, where all of us earn and keep 100% of our hard earned commission. After being in the industry for over 25 years and paying my various brokers literally a fortune in order to do business we are all ecstatic to be associated with this fabulous company out of Florida. If you are an independent real estate agent and wan to learn more about this wonderful company visit our website www.AJofSanDiego.com and learn how you too can keep 100% of your commission for a small annual fee, this is the best thing that has happened to my career in a very long time. In additon, if you are a Broker and have an interest in expanding AJI into your state/market they have many opportunities available as they expand across the county. Thank You AJI and I look forward to our mutual future. May I also suggest that you contact our Senior VP in our Buyer / Investor Division, Scott Chamberlin, call him at 800-990-2473 ext. 101. Scott has been associated with this brokerage for the past three years and can first handed answer any questions you may have, whether you are a real estate agent or a real estate Broker.

I want to take this opportunity to share some valuable information about today's mortgages and the choices you are going to be faced with as you qualify to purchase a home in today's real estate market in Carlsbad, California. Unless you are one of the approximately four percent of the nation's home buyers that pay cash, chances are you are going to need some kind of a mortgage. But before you start pulling credit and signing papers there are a few things that you should know, according to real estate expert The Von Musser Real Estate Group, Inc. with Allison James Estates and Homes of San Diego. Having a little info ahead of time can save you heartache- and money.

There are many different types of loans out there and the selection is changing all of the time. When you start the loan process you may want to consider sitting down with your bank and seeing what they can offer. If you have been a loyal customer they may give you special savings for giving them the opportunity.

Many people go online to shop for a mortgage. Although it is convenient to do so, it can be an aggravating situation. Online lenders typically work in another state which means you will be at the mercy of returned phone calls for answers. If they are in a different time zone then it creates a whole new set of problems. Plus, a broker in another state may not be completely familiar with the lending guidelines in CA.

In recent years, more than ever, your rating will be determined by your overall credit score. A high rating rewards you with better options from lenders. Make sure that you do not get in the habit of having your credit pulled repeatedly by different lenders while you shop. This could negatively affect your score.

Depending on how much you put down will determine which loans you qualify for. Financing more than 80 percent means you will have to pay for either mortgage insurance, the V.A., F.H.A. or another third party group. This is their way of insuring the loan against default. These are all good loans, but remember if you can afford to put more down you may be saving on that insurance each payment.

To get more tips on financing your home purchase, contact real estate expert The Von Musser Real Estate Group, Inc. at 800-990-2473 today.