Frequently Asked Questions

Over the past 47 years, a number of frequently asked questions have come up. We are listing the most common ones. If you have additional questions, please feel free to contact us at (818) 368-8871

1. Why do you think that you can make a loan when I have been turned down by other companies?

We know that in most cases, We can make the loan because of our experience, expertise, and relationships we have built over the last 47 years in this business.

2. What if my credit is not perfect and I have some slow payments or I am in foreclosure?

We have loan programs that are available for any type of credit ... Whether you have perfect credit, and so/so credit or even in the case that the case in foreclosure we can possibly help. We have sources that can lend with poor credit but the interest would adjust accordingly.

3. What is the amount of time needed to complete a new loan?

It will take about 30 days or more if all the information is furnished promptly. This information depends on the existing lender remitting all the paper work quickly as well as well as all necessary information that is pertinent to your loan on a refinance. On a purchase, there is less paper work.

4. Is there a balloon payment?

When large loans are needed quickly and there may be a baloon payment if you are unable to make a higher payment monthly. If you desire an amortized loan (no balloon at the end of time listed) you must make higher payment so it pays off at the end of loan.

5.What is the interest rate?

The interest rate varies according to the type of property, length of loan, and credit of the borrower. However, because we deal with Conventional, Pension Funds, as well as Private Funds. We have more flexibility as to programs that might fit your individual needs.