Now it´s simple to buy, refinance, or build your dream home.
CAMINO REAL MORTGAGE BANK
We offer an experienced team of professionals paired with the best mortgage tools available on the Internet, together we will be able to guide you through the often difficult and confusing process of choosing and getting the exact loan to meet your specific needs.
We recommend that you get pre-approved with us before you shop so that you can negotiate from a position of strength and look in a price range that fits your criteria. Another important reason to be pre-approved is that this is also a good time to review the monthly payments, the down-payment requirements, and closing costs that you can expect to pay.
We look forward to putting our experienced team to work for you!
WE OFFER THE BEST
TEAM AT YOUR SERVICE
PURCHASE A NEW HOME
Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you’re a first-time homebuyer.
APPLY FOR A LOAN
Our online application process is conveniently designed to allow you to stop any time and pick up where you left off. After you submit an application, you can check loan status at your convenience.
REMODELING YOUR HOME
If you are planning on remodeling your home – be it a kitchen, bathroom or backyard – you can contact one of our mortgage professionals who will help find the right loan for you.
TYPES OF LOANS
There are an infinite number of loan types out there. The type of home loan you choose can make or break you as a borrower, so make sure you fully understand it before making any kind of commitment.
What you will need:
- Social Security Number
- Contact and employment information
- Best estimates of income, assets, and liabilities
MEET THE STEPS OF MORTGAGE
We recommend that you get pre-approved with us before you shop, so that you can negotiate from a position of strength and look in a price range that fits your criteria. Another important reason to be pre-approved is that this is also a good time to review the monthly payments, the down-payment requirements and closing costs that you can expect to pay.
The next step is to lock-in the current interest rates and points for your loan of choice for anywhere from 30 to 60 days. You may also elect to allow the interest rate to float, so that you can lock it in at a later time. If you decide to let the rate float you may end-up with a rate that is higher or lower than the rate on your date of application.
After you have reviewed disclosures, we will order a property appraisal, to determine the fair market value of the home, you will be required to pay for the appraisal. When refinancing with certain loan programs, an appraisal may not be necessary. Remember that the appraiser will give an opinion of value, the appraiser does not guarantee the condition of the home, we strongly recommend that you hire a home inspection company to determine the condition of the home.
You will then sign and return all required disclosures and any additional documentation needed to satisfy the conditions of the loan. When we receive the appraisal, a credit report, signed disclosures, and additional obligatory documentation, your loan officer will prepare and submit conditions for final approval.
A licensed title agent should then perform the settlement or escrow process, also referred to as closing or settlement services in some states. Your Loan Officer and your Real Estate Agent will help coordinate this. If purchasing a home, you will be required to bring a cashier’s check for the down payment and any other fees to the settlement. In a refinance, fees are typically covered by the loan proceeds. While at the settlement, you will read and sign numerous documents regarding your transaction. As part of the settlement phase, we will wire the loan funds to the settlement agent, which may be a title company, an attorney, or an escrow agent, depending upon the state in which the transaction occurs. The property owner or their lender is paid in full and all fees for all parties are paid. The property’s ownership will then transfer from the seller to you.
MORTGAGE PAYMENT CALCULATOR
Please do not use commas. The accuracy and applicability of the calculator below are not guaranteed.
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When I met Ruben I was certain that I will have to sell everything to survive because no one had been able to help me thus far....”