For Home Loans in the mountain communities, you want to have someone with contacts: someone who knows the appraisers, the escrow officers, and the title companies. We recommend the following loan officers for home loans, refinancing and debt consolidation in the Lake Arrowhead area:

Mountain West Financial

Ask for Marty Seivers 909-336-7963 or Tom Crate 909-336-1793

We have created a series of "What you ought to know" letters, as well as the "Mortgage Market Update". These were mainly designed to help educate Realtors on the lending terms and business, but have found many of our clients have the same questions. Please feel free to review these topics, as they may help you to understand this sometimes complex area of the real estate transaction:

Mortgage Market Update

#1 - Great rates that seem too good to be true

#2 - What are points, and should I pay them?

#3 - Pre-Qualification vs. Pre-Approval

#4 - What do all these acronyms mean?

#5 - Credit Scores

#6 - What is subprime, and what is happening with them?

#7 - What does "Interest Only" mean?

#8 - What is the difference between a name brand lender and a Mortgage Broker?

#9 - Is mortgage insurance tax deductible?

#10 - What are "Indexes"?

#11 - What is a "Margin"?

#12 - What is a "prepayment penalty"?

#13 - What is the difference between a "stated income" and "full document" loan?

#14 - What is "Underwriting"?