Fixed Rate Mortgage (FRM)

A fixed-rate mortgage (FRM) offer a monthly payment that does not change over time, and result in a portion of the loan's principal being paid down every month. Typically, the shorter the loan period, the more attractive the interest rate will be. It was the first mortgage loan that was fully amortized (fully paid at the end of the loan) precluding successive loans, and had fixed interest rates and payments. Fixed rate fully amortizing loans have two discrete features:

  1. the interest rate remains fixed for the life of the loan.
  2. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term.

The most common terms are 15-year and 30-year mortgages, but shorter terms such as 10 year are available as well. 15 or 30-years are the most popular fixed rate mortgage loan terms. A 30-year amortizing loan typically has lower payments than a 15-year loan, but a slightly higher interest rate than a 15-year loan.

Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term. During the early amortization period, a large percentage of the monthly payment is used for paying the interest . As the mortgage is paid down, more of the monthly payment is applied toward the principal.

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Why Henry Munoz For Your Real Estate Financing, Listing Or Purchase Transactions

 Henry Munoz is a California Department of Real Estate licensed Real Estate Broker and Loan Officer.He has exceptional reputation as a Hard Money / Soft Money Private Money Lender in Torrance,California and  built on his capability to provide quick financing solutions for borrowers. Henry has  23  of years in residential, commercial, and business purpose loans secured by real estate, He is able to process your loan application quickly and give quick answers once the  property has been reviewed  to include a Title report and borrower information received.Fast answers usually usually 2-5 days.

Henry also holds a Los Angeles County Legal Document Assistant Registration which is a independent practicing paralegal.This come in handy when there are legal and title issues with a property.In order to obtain this registration,you must have completed a  accredited program in paralegal studies.In addition having and active bond.

As a Broker,he has acess to private and institutional lenders that are not be availble to the general public.Most loans are based on the value of the property and the loan to value.

Typically an asset based loan does not require exhaustive financial evaluation of the borrower.I welcome loans turned down by Banks and other Lenders.

Call Henry Munoz direct at 310-975-9739

For consumer residential loans- www.Hmrealestateloans.com

For consumer reverse mortgages also known as home equity conversion mortgage. www.reversemortgage-hecm.com

Don't trust your financing,purchasing or listing needs to a inexperienced loan officer or salesperson/agent

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