Carmel Mortgage, Carmel Homes, Monterey Peninsula Mortgage co meeting your home financing needs, Cheryl Whitworth Mcvicar, Octavio Hurtado, Johnny Quillopo
 
Carmel Mortgage Home | About Us | Contact Us
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(831) 275-0380
Testimonials
I've been in the real estate business for over 30 years now. Your Borroware software is the easiest loan application I have ever completed. You have a winner here!
—Robert B..
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Choose The Right Loan
Which loan program is right for you?
Whatever your situation may be, we have a loan program just for you.* Whether it's a loan to purchase a home, lower your current monthly payments, pay your bills, or improve your credit, we've got it.

*some qualifications do apply.

Fixed to Adjustable Programs
ADVANTAGES DISADVANTAGES
•  2 and 3 year fixed rate mortgages provide the security and a relatively low fixed interest rate. After the first 2 or 3 years the loan will convert to an adjustable loan in order to obtain a full 30 year fixed loan
•  Allows a borrower 2 to 3 Years to improve their credit
•  Loan will convert to an ARM after the fixed period and payments can increase as rates rise
2 Year Fixed(then ADJ), 3 Year Fixed(then ADJ)
Adjustable Rate Programs
ADVANTAGES DISADVANTAGES
•  Lower initial monthly payment
•  Lower payment over a shorter period of time
•  Rates and payments may go down if rates improve
•  May qualify for higher loan amounts
•  Payments may change over time
•  Potential for higher payments if rates go up
10/1 ARM, 7/1 ARM, 3/1 ARM, 1 Year ARM, 6 Month ARM, 2/28 2 Year Fixed; 28 Year ARM, 1 month ARM
 
No Point No Fee Programs
ADVANTAGES DISADVANTAGES
•  No closing costs
•  Less money required to close
•  Higher rates
•  Higher down payments
 
No/Stated Income/Asset Programs
ADVANTAGES DISADVANTAGES
•  No tax returns or W2's
•  No proof of assets or down payment
•  No verification of income
•  Fast approval
•  Higher rates
•  Higher down payments
  Carmel Mortgage
29 Navajo Drive
Salinas, CA 93906
Phone (831) 275-0380
Fax (831) 536-1803

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