Real estate for sale in southern California communities. Cheryl Gollnick, Real Estate Broker

Mortgage Loans


We offer mortgage loans through our mortgage company RE Capital Group to help our clients purchase properties or re-finance their loan.

Types of loans we offer:
  •    Conventional
  •     FHA
  •     VA
  •     USDA
  •     Fix & Flip Investor Loans
  •     Commercial Bridge Loans

We partner with the largest mortgage lenders nationwide so we will always offer:

  •  the best loan products
  •  the lowest rates
  •  the lowest closing costs or no cost loans
  •  the quickest closing times (currently average closing time is within 15 days)

What makes us unique is that we provide all traditional loans plus:
  • Private lender loans for borrowers that don't qualify for bank financing
  • Fix and Flip loans for investors that buy properties, rehab and resell them
We help borrowers to save thousands when securing a new loan.


Here's what we offer: 
  • A wholesale rate
  • We can close a loan within 15 days 
  • A loan application that is user friendly and is quick and easy (the borrower creates a log in and provides their information according to their time frame, where they can start the loan process, log out and return later to finish the application)
  • Electronic document verification and processing
  • E-sign documents online in a secure portal
  • Virtual E-escrow closing using an online Notary (eliminating the notary coming to the borrower's home)
  • Appraisal waivers (eliminates the need to order an appraisal and pay the cost of an appraisal)
  • Waivers for tax and insurance impounds (allows borrowers to pay their own property taxes and insurance and a lower monthly payment of principal and interest only) 

We pass on lower loan costs:

  • Borrowers pay no broker fees. (our lenders pay our fee, not the borrowers)
  • If borrowers choose to work with our escrow, they pay a flat $200 escrow fee, instead of the standard $695-$995 or more
  • Borrowers pay discounted title fees

What buyers need to know:

Buyers should take the steps necessary to get a letter from the lender stating they are "pre-approved" for a loan in a specific price range before they make a contract offer to buy real estate.  

A mortgage professional will check their credit history and look at their income documentation.

They will then issue a "Letter of Pre-approval". This letter will make it much easier to get an offer accepted by the seller and will speed the process to closing on a new property. It will also give the buyer peace of mind in knowing they have overcome the largest hurdle to buying a property.  

Don't rely on a "Pre-Qualification" for a loan. This simply means a realtor or mortgage loan officer has taken basic information from the buyer (sometimes only verbally) and based on what the buyer has told them, they will state that they have reviewed the information and have determined that the buyer qualifies for the loan.

Just remember that things may change once credit is reviewed or down payment requirements have been assessed etc. 

Also, most realtors inform their sellers not to accept an offer from any buyer that has not been "pre-approved" for the loan. To do so could mean the purchase may fall thru and the seller would have to start all over again. Also know that buyers face a chance of not getting a seller to view their offer at all unless they are pre-approved!

To get pre-approved for a mortgage loan, contact a mortgage professional and once you receive a letter of pre-approval, please contact us so we can help you find the home that's right for you!

If you don't have your own lender, we would welcome the opportunity to work with you to secure your loan.

Call (951) 306-0001 for a quote


 
REALTOR
CADRE Lic. #01117664

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