Courtesy Financial - Program Highlights

Courtesy Financial
info@courtesy-financial

New Home Purchase & Home Refinancing

Purchase Highlights
Refinance Highlights
Loan Programs
How to Prequalify Home Remodeling? Bill Consolidation? Use the Equity in your Home

Equity Loan Highlights
Loan Programs
How to prequalify A Sampling of Mortgage Loan Product Types

Conventional Fixed Rates
Jumbo Fixed Rate
Adjustable Rates
5 and 7 year Balloon
Home Equity Loans
Equity Credit Lines
Our Loan Specialists

Our Staff Services & Associates
Information Request

Web@Application
Pre-Qualification Info
Mortgage Payment Calculator
Glossary of Terms

How to Rate Your Credit
Courtesy Financial
408-984-3981
408-984-1519 (fax)
info@courtesy-financial

CA Dept of RE #01100728

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Courtesy Financial... program highlights

Do you want to:

lower your mortgage interest rate?
lower your mortgage monthly payments?
reduce the term of your mortgage to 20, 15, or even 10 years?
consolidate other high interest rate debts?
remodel or make improvements to your home?
buy a home? a vacation home? an investment property?
obtain money for college tuition?
obtain money for investment purposes?

Purchasing a New Home
The American Dream: owning your own home. But how can it be done? Courtesy Financial has many purchase money programs that can be tailored to fit your individual needs. Loans are available with as little as 3% down of the purchase price (97% LTV) on conforming loan amounts and 5% down (95% LTV) on Jumbo Loans. Other programs are also available that have lower start rates (for qualifying purposes). When thinking about buying, take a few moments to do a PreQualification. Know the range of your buying power before you shop. It is also possible to get an approval (subject to an acceptable property) on your loan before you purchase your home. This will allow you to bid for properties with a loan approval in hand. It is often possible to negotiate a better price if the seller knows that you are not only a serious buyer but an approved one as well.

Purchase loans are available for primary residences , vacation homes and investment properties.

Refinancing
DECREASE monthly payments - INCREASE your buying power!
Refinancing replaces your existing mortgage with a new one. There are two main types of refinances: Rate & Term and Cash Out. The purpose of a Rate & Term Refinance is usually to either reduce your interest rate, or change the length of the loan. The purpose of a Cash Out Refinance may be to reduce your interest rate, but is also to get extra money out above the principal balance pay-off of your current mortgage. You can use the equity in your home to generate cash to improve your home, consolidate debt, set up a college fund, purchase a vacation home, a new car... or any reason! If you have a high fixed rate, an adjustable rate or a balloon payment coming due - consider the refinancing option.

Home Equity Loans
An Equity Loan is usually structured as a fixed amount borrowed (one time dollar amount request) with a fixed interest rate and a fully amortized term. Homeowners may borrow against their equity for any purpose. Lower your monthly payments, lower the interest rate on the consumer debt and, in most cases, increase your tax shelter with tax deductible interest (consult your tax accountant for details).

Home Equity Credit Lines
An Equity Credit Line enables you to write yourself a loan by writing individual checks drawn against your available secured credit line. You can use your credit line for any purpose and you pay interest only on your outstanding balance. The interest that you pay on a credit line may also be tax deductible (please consult your tax accountant for your specific situation).

Courtesy Financial is centrally located to serve all areas of California, with its main office location in San Jose, California. Email us today