Financing in 95120>Question Details

Mv288, Home Owner in San Jose, CA

I am looking to refinance my town home in Almaden Valley, San Jose. Any suggestions for a local mortgage brokers?

Asked by Mv288, San Jose, CA Mon Dec 13, 2010

I currently have a 30 year fixed loan.

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Hi Mv288,

Cedar Mortgage has overe 30 years doing mortgages in Santa Clara County. They have a good selection of mortgage sources to choose from and do their best to find the best rates for your financial situation..Their seasoned staff works hard keeping all paperwork in process with a strict timelines and verifying all necessary documents are in order. To have a consultation simply give Marge a call at (408) 879-9011 and ask the receptionist for ext 128.. The office is located at:
3109 S Bascom Ave Ste100
San Jose, CA 95124
or send her an email at margen@cedarmortgage.com
1 vote Thank Flag Link Tue Dec 14, 2010
Is this the original loan on your home? If you have not refinanced, by refinancing you change your loan from a "Purchase Money Loan" to a Recourse Loan. What this means, is that in the event you can not make your payments and the house goes to foreclosure, you open yourself up to deficiency judgments. Read up on Recourse vs Non-recourse loans.

In choosing a Mortgage Broker understand that there are different Brokers. There is the direct lender, such as Bank of America, Chase, Wells Fargo. If you have a banking relationship with your credit union or bank you can have a meeting with them. There are actual Brokers who do not lend their own money but shop for the best loans available to them to sell to you. And there are combo, who can loan their money and shop for you.

You will want to weigh any savings vs the cost to refinance against how long you plan on holding this mortgage. With that knowledge, you will be more informed to choose a mortgage broker for your adviser.

I also have several Lenders I could recommend with full confidence and would be happy to email them to you. You have also received suggestions here as well.
Web Reference: http://terrivellios.com
1 vote Thank Flag Link Tue Dec 14, 2010
Hi Mv288

Here are some excellent lenders

http://Www.amersiave.com

http://Www.penfed.org

http://Www.bank rate.com

Good luck.
Perry
Web Reference: http://www.ruthandperry.com
0 votes Thank Flag Link Sat Dec 18, 2010
Although I'm not a local mortgage broker, I'd be happy to help you and provide quote comparing the total costs of more than one loan option. I work a national lender (lending in all 50 states), Wintrust Mortgage.

Otherwise, feel free to play around with our mortgage calculator located here: http://www.luettmortgagegroup.com/fha-vs-conventional-calculator/.

Kind regards,
Andrew
aluett@luettmortgagegroup.com
0 votes Thank Flag Link Tue Dec 14, 2010
Hi,

We are approved with most major lenders and a couple of credit unions.

For a free no obligation consultation please feel free to contact me.

Jacob Varghese
Sr. Loan Officer
MaxReal
NMLS – 327086
http://www.bestcamortgages.com
0 votes Thank Flag Link Tue Dec 14, 2010
Hello Mv,

I live in Almaden and have been serving this community for many years.

My office is in Campbell, and I am active in many Almaden sports and school activities.

I would be very happy to work with you and discuss your needs.

You can reach me at 408-268-2442, and my email is eric@svcfunding.com

Best,

Eric Nelson
Sr. Mortgage Planner
SVC Funding
408-268-2442
0 votes Thank Flag Link Tue Dec 14, 2010
MV288 -

Two recommendations. Both excellent. Competitive pricing, straight shooters, and very professional.

Gabe Bodner with RPM Mortgage Direct lender and a broker
RPM | MORTGAGE
1901 S. Bascom Ave. Suite 1600
Campbell, CA 95008
Phone: 408.426.4416
CA DRE License #01814741, NMLS #235374
Email: Gabe@BayAreaHomeFinancing.com
Website: http://www.BayAreaHomeFinancing.com

AND

Michael Ryan and Associates - Mtg Broker
1400 Coleman Ave.
Suite F-17 Santa Clara, CA 95050
mike@michael-ryan.com
408-986-1798


CJ
Web Reference: http://www.TalkToCJ.com
0 votes Thank Flag Link Tue Dec 14, 2010
Hello Mv and thanks for your question.

I've got a couple of suggestions for you!

1. Jay Deimling at the Property Network. He's a broker and my first choice for loans, but he's great and he can also do the "difficult" deals, where there might be some problems in getting the loan through. Jay can be reached at his cell phone at (408) 806-9870.

2. Jim Wentzel at Lighthouse Lending. Jim is also a broker. He and his business partner Jay (not the same person as above) both worked at WaMu and have plenty of connections for loans. You can reach Jim and Jay at (925) 855-8006.

3. Lukas Evangelista at Quicken Loans. Lukas is one of the top producers in the country for Quicken Loans (aka Rock Solid Financial). You can reach him at Quicken Loans at 800-226-6308 ext. 68186 or via his cell phone at 216-973-1401

Remember to "drop" my name with any of the above brokers so that they know how you came to call them!

Sincerely,
Grace Morioka
Area Pro Realty
0 votes Thank Flag Link Tue Dec 14, 2010
Hello, I work for Guild Mortgage, a Direct Lender located in Morgan Hill. If you're interested in dealing directly with a lender for lower rates and fees, please don't hesitate to give me a call. You can visit my website at http://www.PayToZero.com, or call 408-806-9611. In addition to lowering your rate, we also offer services to help reduce the amount of interest you pay, and lower the overall timeframe of paying your mortgage off completely. Thank you for the posting, and I look forward to the opportunity of earning your business.
Web Reference: http://www.PayToZero.com
0 votes Thank Flag Link Mon Dec 13, 2010
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