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Mary Ann Kirch (Santa Cruz Home Finance) Mortgage and Lending

RAINER

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Mary Ann Kirch
location_on Santa Cruz, CA — Santa Cruz Home Finance
Get to Know Mary Ann Kirch
Vist our website at www.SantaCruzHomeFinance.com  

Committed to your needs

The initial core group of Santa Cruz Home Finance offers Santa Cruz County a complete array of home financing mortgage options.

Your Local Mortgage Banker

Santa Cruz Home Finance wears two hats; one, as a mortgage banker and, two, as a mortgage broker. As a mortgage banker, we are able to directly provide home financing which means that we underwrite and approve loans, originate loan documents and write the funding checks - all from our offices on Seabright Avenue. As a result, loans are approved quicker, documents are prepared promptly and escrows close faster.

As a mortgage broker, we represent dozens of investors, nationwide, and consequently we are able to provide financing for those hard-to-place transactions and we are able to do so at competitive interest rates.

This combination of mortgage banking and mortgage brokering provides our clients with the best possible of all situations.

Our Philosophy

We created this company with the philosophy that our people are the most important asset of Santa Cruz Home Finance. We are a close knit team that is dedicated to supporting each other as we focus on providing our clients with the information they need to make informed decisions and the loan products that best fit their needs.

About Us

 

Putting Customers First

We pride ourselves on providing superior customer service and creating satisfied customers. We work hard to satisfy the mortgage needs and exceed the expectations of our customers.

Lower Mortgage Costs Through Cutting-edge Mortgage Origination Technology

Our customers save money and close their loans quickly because we employ the most advanced mortgage technology available. In a rush? We welcome you to try our mortgage calculators! The Internet, advanced mortgage processing software, and automated mortgage underwriting systems are coordinated to speed the mortgage process and deliver the best rate and terms.

Highest Quality Mortgage Services

From mortgage processing and underwriting, to loan closing and funding, our expert mortgage staff will efficiently expedite your entire transaction. We'll keep you informed every step of the way. We're committed to building rewarding, long-term customer relationships. With that in mind, you'll receive the highest quality mortgage services.

Meeting Every Challenge

We rapidly respond to new opportunities made available in today's dynamic mortgage markets. As a result, the requirements of our mortgage customers are consistently met through mortgage underwriting flexibility and delivery of unique mortgage programs. We often identify niche mortgage programs that are essential to satisfying individual mortgage customer needs.

Certifications
Which loan is right for me?

 

Years you plan to stay in the homeRecommended program HomeOwnership Accelerator Click Here for info 3-5 years 5/1 ARM      7/1 ARM 5-7 years 7/1 ARM    10/1 ARM 7-10 years 10/1 ARM, 30 year fixed or 15 year fixed 10+ years 30 year fixed or 15 year fixed

 

Loan ProgramAdvantagesDisadvantages Fixed Rate Mortgages 30 year fixed 15 year fixed Monthly payments are fixed over the life of the loan Interest rate does not change Protected if rates go up Can refinance if rates go down Higher interest rate Higher mortgage payments Rate does not drop if interest rates improve Loan ProgramAdvantagesDisadvantages Adjustable Rate Mortgages (ARM) 10/1 ARM 7/1 ARM 5/1 ARM 1 year ARM 6 month ARM 1 month ARM Lower initial monthly payment Rates and payments may go down if rates improve May qualify for higher loan amounts 30 year term, no balloon payment More risk Payments may change over time Potential for higher payments if rates increase Loan ProgramAdvantagesDisadvantages Stated Income Programs Don't need to verify income Higher rates Higher down payment Loan ProgramAdvantagesDisadvantages Interest Only Programs You have several payment options Lower monthly payments Option to pay the full normal payment Interest only payments for up to 15 years Higher rates Principal loan balance will not decrease during the interest only payment period Payment will be higher for the remaining term Loan ProgramAdvantagesDisadvantages No point, No fee Programs No out-of-pocket loan costs at closing Closing costs are paid from the lender rebate Less money required to close Refinance without increasing your loan amount Higher rates Higher payments Some lenders may have a short payoff penalty which is usually charged to the loan broker, but may be passed on to you Some require a prepayment penalty. Loan ProgramAdvantagesDisadvantages Home Equity Line of Credit You only borrow what you need Pay interest only on what you borrow Flexible access to funds Interest may be tax deductible May be free of closing costs A good source for an emergency fund, if set up in advance Can be used for debt consolidation and lower payments Rates are usually lower than consumer loan or credit card rates Rates can change. The maximum interest rate can be relatively high Payments can change Loan ProgramAdvantagesDisadvantages Home Equity Fixed Loan Fixed payments Interest may be tax deductible Get cash out for any purpose Higher interest rates compared to first mortgage Interest is paid on the entire loan amount, compared to an equity line of credit

In addition to our standard loan programs, you may benefit by obtaining one of our many special programs:

Purchase your home with no down payment using Private Mortgage Insurance (PMI) or Lender-paid Mortgage Insurance (MI). Piggyback loans: 80-10-10 or 80-15-5. Avoid PMI payments by using Lender-paid MI. Debt consolidation programs. Home Improvement loans. You may qualify even if you've been turned down before!
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As a mortgage banker and a mortgage broker, we can directly provide home financing which means that loans are approved quicker, documents are prepared promptly and escrows close faster for our clients