Our Mortgage Programs

• Fixed Rate Mortgage - What does the term 'Fixed Rate' specifically mean and what are the benefits of having a Fixed Rate Mortgage?
• Adjustable Rate Mortgage - Also known as ARM's or Variable Rate Mortgage. Explains advantages, common mortgage terms; what is a Negative Amortization Mortgage (Neg-Am); includes an 'Index Table' that explains Prime Rate, CODI, COFI, CMT, MTA, and LIBOR
• Balloon Mortgage - What is a Balloon Mortgage? When would it make sense for you?
• Home Equity Loan - 2nd Mortgage - Explains the difference between a Home Equity Loan (Home Equity Line of Credit or 'HELOC') and a 2nd Mortgage, as well as which mortgage may be best for you
• FHA - VA Mortgage - Covers government sponsored mortgage programs and their benefits. Includes FHA, VA, Cal Vet, as well as other state specific and local mortgage programs
• Documentation Options - What are the differences between Full Documentation (Full Doc), Limited Documentation (Limited Doc or 'Lite Doc'), Stated Income and 'No Income No Asset' (NINA) mortgage programs?

Beat The Banks

We guarantee to beat the published mortgage rate of any of the Banks listed below by at least .25% with out charging any more than the mortgage fees charged by that particular bank.

Ameriquest | Bank of America | Chase Mortgage | GMAC | Greenpoint | National City | New Century | Option One | Regions Bank | SunTrust | Wachovia | Washington Mutual Mortgage | Wells Fargo | World Savings Bank | US Bank

Mortgage Points and Fees

Points Explained: What are mortgage points and when, if ever, does it make sense to pay them?
Fees Explained: What are the 'real' costs of my California mortgage? This will help explain exactly where your money is going and where it shouldn't be going.

Lowest California Mortgage Rates...

Anyone considering mortgage refinance should first find out your real estate home values visit USFreeAppraisals... Mortgage brokers in California looking to lend in other states should consider this mortgage net branch opportunity. Thank you again for choosing Wisdom Financial Services, Inc. as your Bankruptcy Laws low rate California mortgage loan brokerage of bankruptcy laws choice.

MORTGAGE GLOSSARY

Amortization; The repayment of principal from scheduled mortgage payments...Read More
Mortgage Amortization Schedule; A mortgage amortization schedule is a table detailing each periodic payment on a loan...Read More
Annual Percentage Rate - APR; The Annual Percentage Rate, which must be reported by lenders...Read More
Biweekly Mortgage; a loan payment plan where borrowers make mortgage payments to principal & interest every 2 weeks...Read More
Bridge Loan; A bridge loan is a type of hard money mortgage loan wherein guidelines for approval...Read More
Cash Out Mortgage; This phrase specifically refers to equity being liquidated from a property beyond...Read More
Conforming Mortgage; a mortgage loan that meets bank funding criteria. Because of its stake in the...Read More
Debt to Income Ratio; formula that lenders use to qualify borrowers using income and debt...Read More
Direct Lender; is a bank or mortgage lender that offers loans with out mortgage broker assistance...Read More
Discount Broker; is a brokerage that is compensated by the mortgage lender rather than by the borrower...Read More
Discount Points; are used to 'buy a rate down' to a lower mortgage interest rate that would otherwise not be available...Read More
Good Faith Estimate; Offers estimated details of the costs and mortgage fees that are likely to be associated with your mortgage...Read More
Grace Period; This is a period of time wherein you are not assessed a penalty for the late payment...Read More
Impounds ; These are accounts which mortgage lenders set up to collect "up-front" money from you...Read More
Interest Only Mortgage ; this is when the scheduled monthly mortgage payments have the option to pay only the due mortgage interest...Read More
Jumbo Mortgage; refers to a mortgage loan amount that is above the current Conforming Loan limits...Read More
This is your resource for all Los Angeles Mortgage loan services...serving the greater Los Angeles area and beyond.

Your California Mortgage Broker for low mortgage rates