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Los Angeles Home Loans

What is a mortgage?

The Simple Definition of a Mortgage is a debt to buy real estate.

A mortgage is a promise to pay back the bank for their loan with a set amount of interest. If the borrow misses too many mortgage payments the bank may foreclose on the home and take back the property. 

Types of home loans

There are several types of mortgage loans to choose from. The conventional fixed-rate mortgages are the most common (75% of all home loans) and popular home loans and will often be your best choice- but there are many different kinds of special loans that might fit better for your particular situation. 

  • 30-Year Fixed Loans
  • 15-Year Fixed Loans
  • Jumbo Loans
  • Super Jumbo Loans
  • Adjustable-Rate Mortgages (ARMs)
  • Interest Only Loans
  • Investment Loans
  • Second Home Loans
  • Stated Income Loans/Low Doc or No Doc Loans

Specialty Loan Programs:

  • FHA Loans
  • FHA Condo Loans
  • VA Loans
  • Bridge Loans
  • Construction Loans
  • Hard Money Loans
  • Doctor Loans
  • Reverse Mortgages
  • Foreign National Loans

Loan Programs for Homeowners:

  • Refinance
  • Home Equity Line of Credit (HELOC)