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WHICH LOAN IS RIGHT FOR YOU?

In the past every home owner got the same loan: a 30 year fixed
mortgage. Today there are many different loan programs and choosing the
right one could save you hundreds of dollars on your monthly payments.

How Long Do You Plan

On Living In The House? We Recommend

Not Very Long (1-3 Years) 3/1 ARM, 1 year ARM or 6 month ARM

A few years (3-5 Years) 5/1 ARM

At least 5 years (5-7 years) 7/1 ARM

Around 10 years ( 7-10 years) 10/1 ARM, 30 yr fixed or 15 yr fixed

A long time (10 plus years) 30 year fixed or 15 year fixed

Other participants

Because of the complicated legal exchange, or conveyance, of the
property, one or both of the main participants are likely to require
legal representation. The terminology varies with legal jurisdiction;
see lawyer, solicitor and conveyancer.

Because of the complex nature of many markets the debtor may
approach a mortgage broker or financial adviser to help him or her
source an appropriate creditor, typically by finding the most
competitive loan.

The debt is, in civil law jurisdictions, referred to as
hypothecation, which may make use of the services of a hypothecary to
assist in the hypothecation.

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Mortgages in real estate

In recent years, many economists have recognized that the lack of
effective real estate laws can be a significant barrier to investment
in many developing countries. In most societies, rich and poor, a
significant fraction of the total wealth is in the form of land and
buildings.

In most advanced economies, the main source of capital used by
individuals and small companies to purchase and improve land and
buildings is mortgage loans (or other instruments). These are loans for
which the real property itself constitutes collateral. Banks are
willing to make such loans at favorable rates in large part because, if
the borrower does not make payments, the lender can foreclose by filing
a court action which allows them to take back the property and sell it
to get their money back. For investors, profitability can be enhanced
by using an off plan or pre-construction strategy to purchase at a
lower price which is often the case in the pre-construction phase of
development.

But in many developing countries there is no effective means by
which a lender could foreclose, so the mortgage loan industry, as such,
either does not exist at all or is only available to members of
privileged social classes.

Our innovations in loan origination technologies speed your
mortgage through the application and approval process, making closing
simple and effortless.

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Types of mortgage instruments

Two types of mortgage instruments are commonly used in the United
States: the mortgage (sometimes called a mortgage deed) and the deed of
trust.

The mortgage

In all but a few states, a mortgage creates a lien on the title to
the mortgaged property. Foreclosure of that lien almost always requires
a judicial proceeding declaring the debt to be due and in default and
ordering a sale of the property to pay the debt.

Express Home Solutions would like to welcome you to our website

At Express Home Solutions, we treat each customer as an individual,
not a number. We don't place you into a loan profile formula created by
the banking industry. We use “common sense” and will help you obtain
the best loan possible. We represent a wide range of “A” rated lenders
with first quality rates to private “hardship” lenders.

Purchasing a home is probably one of the biggest investments you'll
ever make in your lifetime. We are with you every step of the way. You
will save a lot of time if you determine what mortgage amount you can
qualify for before you start looking at homes.

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