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Welcome to Our Website!

Thank you for the opportunity to assist with your financing goals. Whether you are looking to purchase a new home or aiming to refinance your current loan, or you are seeking a first time mortgage or home equity loan, we will help you find the best loan program and lowest interest rate available in the market. Please take a moment to watch our video below, which will help you navigate through our website and help you find the information you are looking for.

The Express Mortgage Approval is a special service we have created to help simplify the loan application and approval process, so you can obtain your approval easier and faster. Our online loan application only takes a few minutes to fill out. Upon receipt, we will complete your loan approval on the same day.
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Michaels Mortgage Blog

January 7th 2017 by Michael Deery

Mortgage rates have spiked up over ".5%" since the election. With rates today sitting at roughly 4% on a conventional 30-year, up from less than 3.5% at the beginning of November, this means a buyer has lost roughly 5% in purchasing power in just the past two months. A buyer who could afford a $500k home at the beginning of November, can now afford $475k today using the same payment. The question everyone is asking now, is a Trump presidency going to be positive or negative for interest rates in 2017?

January 4th 2017 by Michael Deery

The 5% down Conventional Jumbo mortgage with No monthly mortgage insurance "PMI" is a terrific financing option for borrowers who want to purchase a home or refinance. For example, buyers can purchase a home up to $640k in San Diego, or $675k in LA, Orange County or San Francisco with only 5% down. Borrowers also have the option of eliminating the montly "PMI". This program also allows ALL of the down payment to be gifted. Check out how to qualify for this new Conventional Jumbo program.

January 2nd 2017 by Michael Deery

There is a terrific new mortgage program available for borrowers who want to purchase a home or refinance! It is a conventional mortgage that only requires a 1% down payment, and there is also an option to eliminate the monthly mortgage insurance “PMI”. Borrowers can finance up to $424,100 with 1% down. Until recently, buyers had to put down 3% - 5% to qualify for conventional financing, or they were stuck with FHA financing and expensive monthly mortgage insurance if they only had a minimum down payment. Check out how to qualify for this program.

January 1st 2017 by Michael Deery

There is great news for FHA buyers and current homeowners who would like to refinance, as the FHA lowered their Monthly Mortgage Insurance “MIP”, by 25 basis points on all new loans. This is effective on January 27th 2017. For example, on a $400k loan with 5% down, the monthly insurance drops from $266 to $183, savings of $82 a month. This means a buyer can either take advantage of a lower monthly payment, or afford a bigger home. Here are some FHA tips and recent updates from the FHA, so you are fully informed how to take advantage of FHA financing to purchase a home or refinance.

December 23rd 2016 by Michael Deery

There are many factors that determine the interest rate on your mortgage. The most frequently asked questions that buyers and homeowners ask are “What’s my rate”, or “Why is my rate higher than what I hear on TV?", or "Do you see rates increasing when I am ready to buy in a few months?". With these questions in mind, here is a helpful guide so you can better understand the different factors that will determine the rate on your mortgage.

December 20th, 2016 by Michael Deery

There is good news for homebuyers and borrowers who want to refinance, as Fannie Mae, the FHA and the VA have all increased their California 2017 loan limits starting January 1st. Borrowers can qualify for conventional financing up to $424,100, increased from $417k, and conventional jumbo financing up to $612,950 in San Diego for example, up from $580,750. I included a summary of the best low down payment conventional loan programs below, and what a buyer can qualify for in 2017 with the new higher loan limits.