First Time Homebuyer Guide

Everything you need to know about buying a home for the first time. Includes guide to terms and acronyms, qualifications, process, and what to expect when preparing to purchase your first home. Video features Pooyan Fard, Sr. Loan Officer for Redondo Mortgage Center, as resource person. Directed and Edited by Mara Morales Gaborro, Corporate Communications Head at RMC.

A salute to our heroes this Memorial Day!

A salute to our heroes this Memorial Day!

Have a safe weekend everyone!

from your friends at Redondo Mortgage Center

Dream Home Made More Accessible

As the real estate market begins to pick up and the prices of properties are steadily climbing, the image of a dream home in our minds become bleak. Maybe we have saved up enough X amount for a down payment but now, that money covers only half of the payment we intended it for.

The good news is, there are some programs that can qualify us for financing of up to $1,250,000 with as low as 11% down payment. So we can still purchase that dream home even though the price of the property has increased.

The following is a sample worksheet that features a computation on how this jumbo program applies:

$1,400,000

Purchase Price

$1,246,000

Loan Amount

$6,221 

Monthly Payment & Interest

11%  ($154,000)                    

            Down Payment

4.375%Rate 4.554%APR       

Qualification is based on income, credit, and a completed loan application. 

All rates subject to change without prior notice.

If you have any questions or just wish to avail of our free consultation, please call 310-318-8999 or visit www.redondomortgage.com

Integrity has allowed RMC to remain in the service of the Southern California community since 1989. Its commitment to excellent service is the main source of its repeat clients and referrals. RMC believes in making homeownership a possibility for all.

Why RMC is Your “Good” Broker

Ruth McClelland, COO and Head of the processing department for RMC recently read an article on What Makes a Good Mortgage Broker from a website called The Mortgage Professor. It gave tips and hints on how to know if your mortgage officer is qualified and keeps your best interest in mind.

Following are some of the points I find worth sharing:

·        “ Poor brokers constantly solicit, while good brokers enjoy referrals from previous customers and realtors”

·        “Good brokers are financial planners”

·        “Good brokers are good listeners. A good sign: Before your mortgage officer offers any opinions, he or she quizzes you about your financial status and plans”

·        “A good broker will not quote low-ball prices”

·        “Good brokers can communicate effectively with borrowers”

Why RMC falls under the “good mortgage broker”:

·        90% of RMC’s clients are repeat clients or referrals

·        Our loan officers are highly knowledgeable (with Bachelor’s and some, Master’s Degrees) and experienced. They will always present you with a proposal indicating the options best suited for your needs

·        None of RMC’s officer will quote you a price, rate, payment or interest without a full documentation of your income, assets, liabilities, credit score, etc.

·        RMC officers know that low pricing is not always accompanied by the appropriate program beneficial to a specific borrower. What RMC guarantees is a customized financial loan scenario that is to the advantage of its clients, long-term

·        The Mortgage Professor says “poor brokers frequently slip into trade jargon…and are insensitive to the client’s lack of comprehension” at RMC we explain details in conversational English. We have a corporate communications department that ensures only understandable and appropriate literature is circulated among clients and that all officers are able to translate these so-called jargons into layman’s terms

SOURCE: http://www.mtgprofessor.com/

Financing that's Right for You

Explore the various financing programs RMC offers. However unique your home financing needs may be, RMC will find just the right solution for you. Call us now for a free consultation at 310-318-8999 or visit www.redondomortgage.com

The RMC Promise

RMC is committed to working towards the best financial program most beneficial to you. Its officers will diligently customize a home financing plan based on indepth knowledge of available programs. RMC’s promise is to always keep its clients’ best interest at heart.

Mother's Day Greeting to All the Wonderful Moms!

The Hand I Hold

That hand that cradled me when I was small

The hand that reaches out each time I fall

The hand on my forehead when fevering

The hand on my shoulder encouraging

The hand that cheered in my victories

The hand that caught me in all defeats

The hand on my cheek that wiped a tear

The hand in my heart that calmed my fears

This is the hand that guided me

Throughout my lifelong journey

This is the hand I will not let go

“I’ll hold your hand mom, ‘til old you grow”

-MMGaborro

Our Story on Our Anniversary

Cinco de Mayo coincides with Redondo Mortgage Center’s anniversary.

RMC marks this milestone year by looking back on the ideals and principles that established the compnay. The RMC tradition of excellence and integrity is founded on one pioneer, Amir H. Amiri. Aided by some of the best management talents and dynamic agents in the South Bay, RMC has become among the most trusted mortgage companies in its service area, including a multitude of Hispanic clientele.

From a fledgling company in 1989, it has evolved into a respected and stable financing company in Redondo Beach—sought after for its professionalism and excellent customer service.

As broker and president, Amir’s extensive experience in the financial arena paved the way for RMC’s continued growth and success—not an overnight feat.  “I was renting a small office space in the same building where we currently hold office.” Amir recalls fondly. “I had to come in very early everyday so I can accomplish all the documents I had to type. Back then, computers were scarce and mistakes you make on the typewriter means you had to start over from the beginning!” Amir continues laughing.

Shortly after, Amir started having loan clients. Then loan closings. Then these clients referred their friends. Then these friends referred their families, and so on. Not only that, those primary clients of Amir kept coming back to him to refinance, to buy a new home, or upgrade to another. The experience of working with Amir “has been great!” written on a note from Amy Boylan of Redondo Beach. “I thank him for his and his staff’s help with the new house and all the other houses.”

Through the ups and downs of the market, Amir’s strategic thinking and prudence has always cushioned the company. RMC has always been fortunate to sustain its operations. “It is in these times that we become innovative and persevering. Moreso, this is the time when customers seek reliable companies whom they can count on. And this is when we rely on our integrity to carry us through.” Amir speaks of the steady flow of customers they service whether the industry is up or down.

“If there’s one thing that RMC capitalizes on, that would be credibility.” Shares Mara Gaborro, Corporate Communications Head and with RMC for nearly 10 years. “In all of our transactions, we have always been upfront and honest with our clients. We educate them and take time to explain how the process works and what the real situation is. We go beyond sales. We assist in rebuilding their credit, mapping out a financial plan for their future, and even keep in touch with them long after their first dealing with us.”

As Redondo Mortgage Center celebrates another year, it can only attribute its success to its clients who have been instrumental in sustaining the flow of its business. Their patronage and referrals are the reasons why Amir and the entire RMC team build their ideals on the values and principles of excellent customer service.