We help to find the best mortgage rates in San Francisco, Bay Area, California
Exploring and finding a home loan in San Francisco doesn't have to be stressful and confusing. At RCI Financial, we are dedicated to providing a hassle-free mortgage application experience, explaining complicated loan terms and details along the way.
Home Financing Can Be Confusing
We understand that your home purchase marks a significant step in your life. After all, the financing options and mortgage company you select may affect your life for years to come. As you search for a loan, you may feel bombarded by media information about the latest financial trends and by advice from well-meaning friends. For many people, seeking home financing can be frustrating, and it's tough to know where to turn for the best information.
Finance Your Home With Confidence
We know that you are simply looking for steady, reputable and intelligent information that will help you make the best decision for your situation. With our loan officers' experience, reliability and knowledge, you can rest assured that your trust is in good hands. Our extensive mortgage resources help you research mortgage options at your own pace, without pressure to make an immediate decision.
With that goal in mind, here are a few things to consider as you search for a suitable home loan:
Research your options
A home is one of the biggest purchases you'll ever make, so thoroughly investigate all of your choices. Your loan officer can help guide you, but you should take the time to compare loans on your own as well. Only you know your own lifestyle, career and financial needs, so it's critical that you explore how different loans may affect your situation.
Fixed-rate or adjustable rate mortgage?
While fixed-rate mortgages stay steady, ARMs offer early low rates that can rise or fall. ARM loans vary widely, so make sure you understand specific details, such as when your rate can adjust. If you choose an ARM, check with your lender to make sure you understand how your rate may fluctuate and how that could affect your payments.
Will you need to purchase mortgage insurance?
Chances are good that you need mortgage insurance if you make a down payment of less than 20 percent. Once you hold 20-plus percent equity, you may be able to cancel the insurance. Your lender may require an appraisal and other information before the insurance can be canceled, so be sure you talk to your lender about the process.
Can you prepay your mortgage without penalty?
Before selecting a mortgage, think about how long you will live in your home. Some loans assess a penalty if paid early, although most only require penalties if the loan is paid,refinanced within the first few years. Some prepayment penalty loans offer lower rates, so there may be an advantage to those loans. Have your lender explain your specific prepayment penalties.
Choose A Hassle-free Experience
We take great pleasure in giving you the information you need to make an informed decision and provide you with a smooth loan process. Get the answers you need by visiting with our knowledgeable San Francisco home loan officers today.Show Less