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Welcome To Bankers Group
We are licensed by the California Department of Real Estate as a conventioinal residential SFR, hard money and commercial California mortgage broker. Our company has been in business for 25 years and our staff represents over 100 years of experience in the mortgage and real estate industry. We have assisted thousands of customers and financed millions in purchasing or refinancing of new or existing homes.
We originate, process and underwrite single family to four family owner occupied home loans from $100,000 to $20 million. Our programs include no document loans, stated income loans, home equity lines of credit, hard money loans on houses, commercial properties and land, and no income, no asset verification loans.
Our Loan Specialists will work for you to find the best rate and payment based on the property, your credit history and preferences.
To pre-qualify click on the image below
Now is a Good Time To Buy
There is plenty of inventory on the market. Many new and used homes are available. It is now a buyers market. There are now more homes on the market than in all of the past five years combined. There is an over supply of money ready to be lent. That is why the Fed has raised rates 18-times in the past 24-months.
Many existing homeowners have huge equity built up in their homes and are looking to cash out, retire, and travel. They are usually pretty flexible when negotiating a final sales price, particularly in a buyers market.
Compared to interest rates in the 1980's, current mortgage rates are still one third of what they were 25-years ago.
Lenders still want to lend out their funds and have some very attractive introductory rates as low as 1%. You still have to qualify at a higher rate and might have negative (deferred interest) amortization, but if you strike a good bargain with a seller, the long term gain will outway any short term negatives. There is less competition due to the large inventory - more inventory less competition
Many builders have started projects. They still need buyers. Some have even over-built and are now pulling back, but they still need to sell their current inventory.
After reviewing our Website, we hope you found the answers to your questions and that you will consider Bankers Group for your current financial needs.For rates and terms, loan to values and underwriting guidelines, contact our underwriting department at: 818-226-6100 and ask for Lea or Dorothy.
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