If you are currently shopping for a home, or thinking about house hunting, this is a great time to buy. Currently 30 year fixed rate mortgages are at lows that have not been seen for decades. 15 year fixed interest rates are also a bargain when compared to rates even a few months ago. There are even some adjustable rate mortgages that can be a real money saver for the right borrower.
Mortgage lenders can vary on the terms, interest rate and closing costs. They will also have different guidelines regarding loan documentation and income verification so it always pays to shop around. If you have had some credit problems in the past, you may still be able to qualify for an excellent interest rate. The important thing is to check with several lenders and always be upfront about your financial situation.
Direct Your Own Loan is a program run by Directors Financial Group. Directors Financial Group is California based and will control the entire loan process from start to finish. This allows the lender to provide you with the best rates available, fast loan approval, and closing that average 60 % faster than your standard mortgage financier.
The Direct Financial Group also offers an online 30 second loan application, refinancing, and even a cash-out refinancing program. They are located at 2240 University Dr. Ste.120, Newport Beach CA 92660. And can be reached by phone at (888)500-0044. Their web site is www.directyourownloan.com and they have a live chat system if you have any questions. Or you can simply email Direct financial at Info@DFGbancorp.com.
Always remember to shop several lenders. You have plenty of options in Newport Beach and financial institutions are all in the business of lending money. The time you spend shopping will more than pay for itself in a great rate and great terms.