Secure Choice Lending
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Secure Choice Lending Secure Choice Lending is a full service mortgage lender that will secure you a mortgage that doesn't break the bank. Our team of financial experts is adept at matching consumer needs with appropriate loan programs and level of risk, streamlining the lending experience. For those looking to Purchase a new home, Secure Choice Lending can help secure the optimal choice, be it a mortgage or other Loan Option.

Looking to Refinance? We have you covered. Looking for a Reverse Mortgage? No problem. With loan officers versed in all mortgage types, solutions to your home-buying questions are a phone call away. A home appraisal is used to determine the value of the home. An appraiser inspects the size, features and overall conditions. Additional factors are included such the neighborhood, what similar home have sold for in the past 6 months and homes replacement cost.

Private mortgage insurance commonly referred to as PMI is the type of insurance that protects the lenders investment and is required on conventional loans where loan amount is greater than 80% of the property value or purchase price.

read more › So you're thinking about purchasing a home? You could be a first-time home buyer, an experienced buyer looking for an investment property or could be looking to upgrade your housing accommodation to go with your growing family. Secure Choice Lending is here to help! Many people are insecure about the options in front of them. However many people don't realize that a home mortgage is often cheaper than renting and gives them several benefits. Secure Choice Lending can give you the confidence to be secure in your choice and reap the benefits of home ownership: Tax Benefits, Investment and Pride of Ownership.

read more › Now, take a step back, and what you probably didn't imagine in that moment of bliss is the homebuying process: the loan application, the various loan types, the requirements and, lastly, how or where to begin. A conventional loan is a mortgage that is not guaranteed or insured by the Federal Housing Administration (FHA), the Department of Veteran Affairs (VA) or any other government agency. These loans are geared toward borrowers with higher credit scores and, at times, larger available funds for a down payment (typically 5-20%).

read more › Even with so many perks, you must be aware of the mortgage insurance costs that come with FHA Loans. Truth be told, you might end up with a higher monthly mortgage payment than that of a conventional loan. An FHA Loan, or Federal Housing Administration Loan, is a mortgage insured by the government. This allows for lenient lending standards compared with conventional loans, a perk that helps homeowners who may not qualify for conventional loans, which require higher credit scores and often a larger down payment.

read more › As an accredited member of the Veterans Advocacy and Benefits Association, Secure Choice Lending is eternally grateful for the sacrifices our veterans and active military personnel have made to protect our freedom. You are our heroes and it is our pleasure to assist you in buying your home with a VA home loan. If you are a veteran or an active member of the military, and are looking to purchase a home, you will find everything you need to know about VA Loans below. While these loans do not require mortgage insurance, there usually is an upfront VA funding fee, which can be rolled into the loan or paid by the seller.

read more › Typically, there are limits to how much you can borrow with conventional conforming loans. These thresholds are set by the Federal Housing Finance Agency, or FHFA, and depend on the property's location. Unlike conventional conforming mortgages, a Jumbo Loan will not be purchased or guaranteed by Fannie Mae or Freddie Mac. If you are looking for a loan to purchase a property in a highly competitive real estate market or are looking to buy a luxury home, you'll likely need a Jumbo Loan. For instance, in 2019, the loan limit in San Diego County, Calif., for a single-family home is $690,000.

read more › When you borrow money by taking out a loan, you will be paying back this loan with interest. It is the interest that drives how expensive a loan is. There are other fees involved, but the interest rate determines the bulk of the cost of a loan. The higher the interest rate, the higher the costs you will be paying. A fixed rate loan is a loan option that has an interest rate that doesn't change during the period of the loan. It is widely considered the safest and more popular option. It protects you, the home buyer, against increases in interest rates over the life of the loan.

read more › When you borrow money by taking out a loan, you will be paying back this loan with interest. It is the interest that drives how expensive a loan is. There are other fees involved, but the interest rate determines the bulk of the cost of a loan. The higher the interest rate, the higher the costs you will be paying. Related article: What is a Fixed Rate Loan? (Comment: Make this line clickable to Fixed Rate Loan article when publishing.) An adjustable rate loan which is commonly referred to as ARM for adjustable rate mortgage is a type of mortgage where the interest rate on the outstanding balance varies throughout the life of the loan.

read more › If you are one of those scores of people who are in the same situation, a HomeReady loan might be right for you because it is more flexible about allowing contributions from other people. A HomeReady mortgage is a conventional, yet flexible, home loan offered by Fannie Mae. It is meant to help low-income to moderate-income borrowers buy for the first time or refinance an existing loan. You are an ideal HomeReady borrower if you have low income, are a first-time or repeat homebuyer, and have limited cash for down payment.

read more › But you can't imagine getting approved for a home loan with your income and credit background. However, Secure Choice Lending is happy to talk to you about a home loan option designed to help very low-income to moderate-income borrowers secure the home of their dreams. So keep imagining that wonderful day that you move-in to your dream house because a Home Possible Mortgage can help make that dream become a reality, without breaking the bank. A Home Possible Mortgage is a conventional load program created by Freddie Mac.

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