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From new home loans to refinancing, the trained professionals at California International Real Estate Financing will work diligently to determine the best options for your individual financing needs. Based on your specific qualifications, we can determine which of the various loan programs is right for you.

New Home Loan
Selecting appropriate mortgage financing is an important step in the real estate purchasing process. There are multiple loan options from which to choose from.

Fixed-Rate Mortgages A fixed-rate mortgage means the interest rate and principal payments remain the same for the entire life of the loan (taxes, of course, may change). Advantages include consistent principal and interest payments, making this loan very stable. Your interest rate won't change, so you don't need to worry about market fluctuations. A good choice if you're likely to stay in this house for a long time.

Adjustable-Rate Mortgages An adjustable-rate mortgage (ARM) means that the interest rate changes over the life of the loan (according to the terms specified in advance). Advantages include lower costs. ARM loans are usually priced lower than fixed-rate mortgages so you can increase your buying power and lower your initial monthly payments. If interest rates go down, you'll enjoy lower payments. Usually an ARM is the best choice for homeowners who plan to relocate (for example, with their company or the military), or for those who are purchasing their first home and plan to be in the property only for three to five years.

Using Home Equity
Many people borrow against the equity in their homes and use the cash to make improvements. Up to 90 percent of the appraised value of your home can be used to make home improvements. The equity you can use is based on the value of the home and what you currently owe, subject to applicable state laws. You can still refinance if you don't have much equity -- up to 90 percent loan-to-value (LTV) if you want to refinance your house for a new rate and term. A reappraisal of your property may be required.

Benefits of Refinancing
If you want to increase cash flow, refinancing to lower your monthly payment could help. Refinancing could also allow you to shorten your loan term if you qualify.