Beverly Hills Mortgage - california mortgage: los angeles & beverly hills jumbo mortgage loans
At , our mission is to set a high standard in the mortgage industry. We are committed to quality, personal customer service, we always put the people we serve first. We adhere to the highest degree of integrity in all of our business dealings. We are a small, family based company who treats each and every one of our clients like a person, not a number.
At , you can always count on:
Fast Approvals
We use our top of the line technology to cut down on processing time and can often give you a pre-approval within hours.
Free Pre-Qualifications and Consultations
Let us help you find the perfect program for you! We have a variety of programs that are designed to help you, no matter what your situation is! |
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Homebuyer's References
This section gives you an overview of some important rights
you have as a homebuyer:
 Consumer
Credit Protection Act (1960) - Guarantees confidentiality
of credit reports and allows customers to correct inaccurate
information in their reports.
Equal Credit Opportunity Act of 1975 (ECOA)
- Prohibits the discrimination in any credit action based on
race, sex, marital status, color, religion, age, handicap, or
national origin.
Equal Housing Opportunity - Prohibits housing
discrimination based on race, sex, marital status, color, religion,
age, handicap, family status or national origin.
Fair Housing Act - Prohibits the discrimination
based on race, sex, marital status, handicap, or national origin
in any real estate transaction.
Federal Consumer Credit Protection Act (commonly
known as the Truth in Lending Act) (1969) - Requires that lenders
disclose the actual terms and conditions of a loan before an
applicant commits to the loan.
Home Mortgage Disclosure Act (1975) - Provides
information to help determine whether public institutions are
assisting the housing needs of their communities and neighborhoods.
Real Estate Settlement Procedures Act of 1974 (RESPA)
- Encouraging homeownership through consumer protection, this
act regulates certain lending actions related to closing/settlement.
Some of its provisions are:
- RESPA requires lenders to provide buyers a
good faith estimate of the cost of the loan, including disclosure
of the Annual Percentage Rate (APR).
RESPA requires lenders to provide buyers with general information
about settlement costs.
- Lenders must provide buyers a copy of the Mortgage
Servicing Disclosure Statement, regarding loan servicing and
transfer.
- Within three days after receiving the loan application,
lenders must provide the buyer with an estimate of closing costs
and monthly payments.
- RESPA provides the borrower the opportunity
to see the HUD-1 Settlement Statement one day before the actual
settlement.
- Prohibits kickbacks between Real Estate professionals
for referrals and prohibits fee-splitting and receiving unearned
fees for services not rendered.
To learn more about RESPA, click here.
Regulation B of the Consumer Credit
Protection Act - Requires lenders to inform potential
borrowers of any adverse actions taken on their loan applications.
Regulation Z - Includes regulations related
to consumer credit disclosures identified in the Consumer Credit
Protection Act.
Veterans Housing Benefits Act (1978) - Increases
the housing benefits for eligible veterans including increased
loan amounts.
Apply
today to let MortgageYa Home Loan Center help you
get the great financing you want and deserve!
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