Shawn Bates

916-224-1688

DRE#01250983

Call me today so I can help you find the best deal around.  Whether you are looking for a REO, Bank owned , preforeclosure or short sale.  I have handled it all over my 12 years of real estate experience. T o buy real estate at the court house steps you need to have cash.  I will show you how to get just as good of a deal buying it as a short sale and get a loan against the property. So if you are looking to buy, sell, or invest in real estate make sure you call me today.

 

Also make sure you take advantage of our Buyers Cash back program.

 

The Buyers Advantage

Loan Term    Loan Qualifier    Loan Repayment    Loan Amount Loan Amount Calculator How much can you borrow? Providing a regular repayment amount, annual interest rate and repayment period, this calculator provides the approximate loan amount you are able to borrow. Regular repayment amount per month Annual interest rate [%] Loan term [Years] [Months] The total loan amount will be $ These calculators and the resulting calculations do not constitute a loan application, loan offer or loan approval.

Today, as never before, there are mortgages available for virtually every home buyer. Whether you want lower payments, a bigger loan or have credit problems, there's almost certainly a mortgage out there to fit your needs. While there are literally hundreds of different types of mortgages available, most of them fit into certain popular categories, noted below. Before checking them out, however, it's worth a few moments to take a look at some of the more common terms used by lenders. This will help you understand what's involved when you're mortgage hunting.
	Points. This represents a discount paid to the lender. One point is equal to 1% of the mortgage. On a $100,000 mortgage, one point is equivalent to $1,000.
	Interest rate. This is the rate of interest on which the monthly payment is based. It is almost always lower than the APR (Annual Percentage Rate) because it does not include points and other fees that the APR does include.
	Trading off. Many lenders today allow borrowers to trade points for a lower interest rate (and vice-versa). A buyer with more cash but less ability to handle high monthly payments, might pay additional points. This would result in a lower interest rate and, consequently, in lower payments. A point traded off is roughly equivalent to a 3/16% reduction in the interest rate. Paying an extra three points, therefore, would lower the interest rate by about half a percent.
	Buy-down. This is when the seller pays points to the lender so that the borrower will get a lower interest rate and, as a result, lower monthly payments. Buy-downs are sometimes conducted by builders to encourage buyers to purchase homes when interest rates are high, although any seller may do it.
	Amortization. This term means paying back a mortgage in equal installments.
	Balloon payment. One payment, usually the last, which is higher than all the other mortgage payments.
	Loan-to-value (LTV). This is the percentage of the appraised value of the property that the mortgage will cover. For example, an 80% LTV means that on a $100,000 appraised value, the loan will be $80,000