Mortgage Brokers, Mortgage Rate History, and Payment Calculator; Ask LA County to Reduce Your Taxes:
John Ciolino
Senior Loan Officer
First Capital Mortgage
1401 Ocean Avenue
Santa Monica, Ca 90401 | Business:
Pager:
Business Fax:
Email John | 310 656-8201
310 239-5611
310 576-8020 | | | | | Mark Cohen
Cohen Financial Services
9595 Wilshire Blvd. Suite 801
Beverly Hills, Ca 90212 | Business:
Email Mark
| 310 777-5401 | | | | | Erik Kaplan
Private Mortgage Banker
Wells Fargo Home Mortgage
E2143-100
15760 Ventura Blvd Ste 1060
Encino, CA 91436 | Business:
Business Fax:
Email Erik | 310 804-9353
866 617-3350 | | | | | Bob Trinkkeller
Senior Loan Officer
Skyline Financial Corporation
2450 Colorado Avenue Suite 4000 West
Santa Monica, CA 90404 | Business:
Cell:
Business Fax:
Email Bob | 310 315-8600 x1036
310 650-6506
310 315-8651 |
History of Mortgage rates
Mortgage Calculators
Ask LA County to reduce your taxes http://lacountypropertytax.com/portal/contactus/contest.aspx Ask LA County to reduce your taxes
EXAMPLE:
As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment. Even the value of your home will affect your payment.
Just as an example, let’s say you are borrowing $250,000.00 for 30 years with an interest rate of 5.000%. If the value of your home is $300,000.00, your property taxes $3,000.00 per year and your insurance is $1,500.00 per year, you can expect to be making a total payment of $1,821.22. This is because you need to pay $1,342.05 toward the actual loan, plus $250.00 for real estate taxes and $125.00 toward insurance.
Since your loan to value ratio is 83.33%, you will also have to pay PMI for 31 months and this will tack on an extra $104.17 a month. Don't forget to drop the PMI when the 31 months is complete and you might save yourself some money each month, but remember, that, in most cases, you will need to finish re-appraisal process to do so.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation.
Please consult your own financial advisor. |
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