15-Year vs. 30-Year Mortgage? How to Decide Mortgage Masters Group How to Get a Construction Loan? Mortgage Masters Group The basics of construction loans. Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable,Compare mortgage rates on 30-year and 15-year mortgages. In the scenario below, you could get a $200,000, 30-year loan and pay it off in 15 years by adding $530 to each monthly payment. This gives you the flexibility of withholding that extra $530 when times are hard.
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I’m Deanna Avakian and this is my husband Gene. We are Branch Managers of Bay Equity Home Loans the #1 Mortgage Company. We live in beautiful Lodi California out in the country. We have 2 great Children! We have some wonderful family and friends!! I love being with my family and friends. Life is short so I live it to the fullest!! #1 Patriots.
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As a lending professional at Bay Equity, I am dedicated to helping you with all of your home mortgage needs. The housing and mortgage markets are constantly changing. I can help you navigate the many options to find the right loan for you and your family. Whether you are buying or refinancing, buying your first home or building your dream home, I can explore with you the many options for.