◈ Homepage — https://mortgagehelplosangeles.com/Skip to Main Content Home ABOUT Helpful Tools Blogger Contact How much home can we afford? Learn more Start Application NOW! The Best Mortgage Broker in Los Angeles, Will Help You Find the Perfect Mortgage for Your Situation in Any Market With so much money at stake, and the legal details so hard to fathom, home buyers are justified in being cautious about their decision to take out a mortgage. Whether you are a seasoned homeowner, first-time homebuyer, refinancing for cash out or a lower rate, or considering an investment or commercial property, the best mortgage broker in Los Angeles, CA, suggests you learn as much as you can about the mortgage process. ​ If you are like most buyers seeking a mortgage, the most important questions on your mind will usually include: ​ When do I lock? What will be the amount of down payment? How much can I afford? What is my credit score and how will that affect my mortgage? Should I use mortgage insurance from the FHA or private mortgage insurance? What kind of mortgage do I need? What will be the fees and costs? ​ Mortgage Banker at Bank of the West Bill has substantial experience handling jumbo loans ($970,800+),  for residential and commercial properties, as well as many, related complex issues. He is a Mortgage Banker at the Bank of the West.  Bill's vast resources assure you of finding the best possible rates and terms. ​ Alternative Documentation Loans If you are in business for yourself, have income that is difficult to document, have large swings in your income, or other unusual situations, you may be able to qualify for a stated income mortgage in Los Angeles or anywhere in California. In these unique circumstances, you may not need income tax returns or other documents normally required. Low Credit Score – We Can Help If you have a difficult situation due to income verification, low credit score, or unique real estate challenges, Bill has probably seen it before. He networks with a group of professionals whose legal, construction, real estate, and financial backgrounds will help you find the way through even the most unusual situation. Refinancing Mortgages – Now May Be the Time Mortgage interest rates continue to be available far below rates commonly available over the last 50 years. You may want to consider refinancing your existing mortgage into a new fixed 30-year loan at these amazing rates. Other reasons to consider refinancing your mortgage at this time would include: getting cash out for remodeling, education, investment, or medical expenses; reducing the interest rate or term; consolidating other debt that has higher interest rates; going to a fixed rate from an ARM. Contact Us First Name Email Last Name Subject I am planning to purchase a HOME CONDO MULTI - UNIT I will need a mortgage UNDER $500,000 $500,000 to $1,000,000 OVER $1,000,000 I am expecting to make this purchase NEXT SIX MONTHS WITHIN A YEAR Leave us a message... Submit Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951; CA - CA-DBO262951 - 413 0699 © 2020 Mortgage Help Los Angeles ◈ Interior Pages — 8 pages crawled--> Mortgage Los Angeles | Everything You Need To Know top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. FAQ Home Mortgage Los Angeles Loan Types ​ Fixed Rate Home Mortgage Loans - If you would like the security of never having your monthly payment change, this is the mortgage that you will prefer. Your mortgage rate and payment are fixed for the life of your loan , whether the loan is 10, 15, 30 or 40 years. With current low rates on fixed rate home mortgages, this is an ideal solution for most borrowers of mortgage in Los Angeles. When rates are high, it sometimes makes sense to use an adjustable rate in hopes of lowering future interest costs. ​ FHA Home Mortgage Loans - FHA home mortages are loans insured by the Federal Housing Administration. Typically, FHA mortgage rates are often lower than comparable conventional mortgage loans. FHA backed home mortgage loans offer benefits such as down payments as low as 3.5% , easier qualification guidelines, and easier access to lenders, especially in tough mortgage markets as we are seeing in 2009-10. ​ Cash Out Home Mortgage Loans - If you need or want to make a substantial purchase or investment, using your home’s equity can be the least expensive option. Whether for college costs, unexpected medical expenses, the vacation of a lifetime, or a room addition, you can refinance your home mortgage loan to get cash for these purposes. You may find it more cost effective to use a Home Equity Line of Credit (HELOC), a traditional second trust deed, or refinance the first trust deed. We can help you with that decision. Debt Consolidation Home Mortgage Loans - You may be paying very high interest on auto, personal lines, second trust deeds, credit cards or other financing. Any interest rate you are paying above 7 or 8% is substantially higher than what you would be paying using a mortgage in Los Angeles.  Refinancing your home mortgage loan to consolidate other debt under one low mortgage rate can save you money and lower your monthly payments. Interest on home loans is tax deductible. An additional saving (or, effectively a further rate reduction) you don’t get with credit cards, car leases and the like. ​ Adjustable Rate Home Mortgage Loans - In some markets it may make sense to lower your monthly mortgage loan payment during the early years of your mortgage. Mortgage rates for ARMs are usually lower in the early years than traditional fixed rate programs. This can be especially true if you plan on selling or refinancing your home in less than 10 years. However, some adjustable rate home mortgage loans do not amortize fully or may even include reverse amortization. This means that you are not increasing the equity in your home as fast as you would in a conventional loan. If you lock in a rate for several years only, you risk interest rates increasing which in turn could result in your monthly payments going up. ​ Interest Only Home Mortgage Loans - Interest only home mortgage loans lower your initial monthly payments.  Besides helping your cash flow, this might allow you to leverage your funds to qualify for a larger loan amount than a loan that includes payments on the principle. One downside: you don’t generate equity in your home through paying down the principle. ​ Divorce Buyout Home Mortgage Loans - Divorce Buyout Mortgage are designed to provide a vehicle for one spouse to keep the house, get cash out if needed for any purpose, including paying off the other spouse, and remove the other spouse’s name from the current home loan. ​ ​ ​ ​ ​ Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951; CA - CA-DBO262951 - 413 0699 © 2020 Mortgage Help Los Angeles  bottom of page --> Mortgage Los Angeles New and Tips | Real Estate top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951; CA - CA-DBO262951 - 413 0699 © 2020 Mortgage Help Los Angeles  bottom of page --> Mortgage Los Angeles | Everything You Need To Know top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. FAQ Home Mortgage Los Angeles Loan Types ​ Fixed Rate Home Mortgage Loans - If you would like the security of never having your monthly payment change, this is the mortgage that you will prefer. Your mortgage rate and payment are fixed for the life of your loan , whether the loan is 10, 15, 30 or 40 years. With current low rates on fixed rate home mortgages, this is an ideal solution for most borrowers of mortgage in Los Angeles. When rates are high, it sometimes makes sense to use an adjustable rate in hopes of lowering future interest costs. ​ FHA Home Mortgage Loans - FHA home mortgages are loans insured by the Federal Housing Administration. Typically, FHA mortgage rates in Los Angeles are often lower than comparable conventional mortgage loans. FHA backed home mortgage loans offer benefits such as down payments as low as 3.5% , easier qualification guidelines, and easier access to lenders, especially in tough mortgage markets as we are seeing in 2009-10. ​ Cash Out Home Mortgage Loans - If you need or want to make a substantial purchase or investment, using your home’s equity can be the least expensive option. Whether for college costs, unexpected medical expenses, the vacation of a lifetime, or a room addition, you can refinance your home mortgage loan to get cash for these purposes. You may find it more cost effective to use a Home Equity Line of Credit (HELOC), a traditional second trust deed, or refinance the first trust deed. We can help you with that decision. Debt Consolidation Home Mortgage Loans - You may be paying very high interest on auto, personal lines, second trust deeds, credit cards or other financing. Any interest rate you are paying above 7 or 8% is substantially higher than what you would be paying using a mortgage in Los Angeles. Refinancing your home mortgage loan to consolidate other debt under one low mortgage rate can save you money and lower your monthly payments. Interest on home loans is tax deductible. An additional saving (or, effectively a further rate reduction) you don’t get with credit cards, car leases and the like. ​ Adjustable Rate Home Mortgage Loans - In some markets it may make sense to lower your monthly mortgage loan payment during the early years of your mortgage. Mortgage rates for ARMs are usually lower in the early years than traditional fixed rate programs. This can be especially true if you plan on selling or refinancing your home in less than 10 years. However, some adjustable rate home mortgage loans in Los Angeles do not amortize fully or may even include reverse amortization. This means that you are not increasing the equity in your home as fast as you would in a conventional loan. If you lock in a rate for several years only, you risk interest rates increasing which in turn could result in your monthly payments going up. ​ Interest Only Home Mortgage Loans - Interest only home mortgage loans lower your initial monthly payments. Besides helping your cash flow, this might allow you to leverage your funds to qualify for a larger loan amount than a loan that includes payments on the principle. One downside: you don’t generate equity in your home through paying down the principle. ​ Divorce Buyout Home Mortgage Loans - Divorce Buyout Mortgage are designed to provide a vehicle for one spouse to keep the house, get cash out if needed for any purpose, including paying off the other spouse, and remove the other spouse’s name from the current home loan. ​ What is a mortgage broker? What are the benefits of using a mortgage broker?   A mortgage broker is a company that has relationships with lenders and their products in much the same way that an independent insurance agent has access to many different insurance providers. Through these relationships mortgage brokers in Los Angeles are offered mortgages at wholesale prices. As a result, the broker can now offer the lowest rates on the market by using the lender offering the best interest rates and other costs on that particular day that fit the needs of their clients. The broker can also choose to operate on lower margins or profit than other banks or lenders. Good brokers and their agents remain up-to-the-minute on a vast array of products from their providers. Direct lenders have only a limited number of loan products available. The broker does all of the processing of the loan. Since   Guaranteed Rate funds most of its own loans it usually underwrites each loan as well. At traditional banks, employees work for the bank, not for you. Consequently, in difficult situations a direct lender is likely to say they can’t do it (“Next!”) and leave you to solve any problems. Experienced brokers have a fiduciary responsibility to their client and will find a way to get it done. ​ What is an interest rate lock and how does it work? An interest rate lock guarantees your interest for a set amount of time, typically 30 days. The lock does not obligate you to the loan nor does it obligate the lender to fund. It merely eliminates the risk of interest rates increasing while final negotiations are in process. If interest rates fall, we may be able to re-lock at the lower rate. Since the lender is absorbing the risk of losing out on any increase in rates, the cost of the lock varies directly with its duration. Therefore, when you shop for mortgages in Los Angeles, a 5% interest rate with a 45 day lock is a better deal for you than a 5% interest rate with a 30 day lock. Once a lender receives your application, an interest rate can be locked. When to lock and for how long is entirely up to the client, naturally in consultation with the broker. When locked, your interest rate is guaranteed as long as you are approved prior to the lock’s deadline. ​ What is PMI and do I need it?   Private Mortgage Insurance (PMI or MI) is a protection to the lender against the borrower defaulting. It is mandatory for all FHA backed loans and for any conventional loan that is more than 80% of the property’s value. Because some buyers don’t have 20% of the value of the home they can lay out in cash, there are programs that allow for a smaller down-payment because the borrower will buy MI. The reason lenders don’t require it for all loans is that they know that borrowers who have at least a 20% stake in their homes default less often than borrowers with less equity. The payment is included in your mortgage payment if your loan requires PMI or MI so that the lender knows that it is being paid on time. You can cancel mortgage insurance without refinancing. Generally, there is a minimum number of years it’s required. When you have established a 22% equity in your home and you haven’t missed a payment in the past 12 months, you can get your mortgage insurance requirement removed by the lender. ​ Why is my Annual Percentage Rate (APR) different from my interest rate?   APR includes some of the closing costs that must be paid when acquiring a loan. The APR is the cost of credit expressed as an annual rate after including “points” and other closing costs and fees. These fees are included in the APR to give an “adjusted” percentage rate so you can compare loans and lenders. What is a Good Faith Estimate?   This is a legal disclosure that every lender provides the borrower within 3 days of application. This estimate details the types of fees and the amounts you will be paying in acquiring the loan for your property. ​ ​ ​ ​ Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951 --> Mortgage Broker Los Angeles CA | Find The Perfect Mortgage top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. How much home can we afford? Learn more Start Application NOW! The Best Mortgage Broker in Los Angeles, Will Help You Find the Perfect Mortgage for Your Situation in Any Market With so much money at stake, and the legal details so hard to fathom, home buyers are justified in being cautious about their decision to take out a mortgage. Whether you are a seasoned homeowner, first-time homebuyer, refinancing for cash out or a lower rate, or considering an investment or commercial property, the best mortgage broker in Los Angeles, CA, suggests you learn as much as you can about the mortgage process . ​ If you are like most buyers seeking a mortgage, the most important questions on your mind will usually include: ​ When do I lock? What will be the amount of down payment? How much can I afford? What is my credit score and how will that affect my mortgage? Should I use mortgage insurance from the FHA or private mortgage insurance? What kind of mortgage do I need? What will be the fees and costs? ​ Mortgage Banker at Bank of the West Bill has substantial experience handling jumbo loans ($970,800+),  for residential and commercial properties, as well as many, related complex issues. He is a Mortgage Banker at the Bank of the West.  Bill's vast resources assure you of finding the best possible rates and terms. ​ Alternative Documentation Loans If you are in business for yourself, have income that is difficult to document, have large swings in your income, or other unusual situations, you may be able to qualify for a stated income mortgage in Los Angeles or anywhere in California. In these unique circumstances, you may not need income tax returns or other documents normally required. Low Credit Score – We Can Help If you have a difficult situation due to income verification, low credit score, or unique real estate challenges, Bill has probably seen it before. He networks with a group of professionals whose legal, construction, real estate, and financial backgrounds will help you find the way through even the most unusual situation. Refinancing Mortgages – Now May Be the Time Mortgage interest rates continue to be available far below rates commonly available over the last 50 years. You may want to consider refinancing your existing mortgage into a new fixed 30-year loan at these amazing rates. Other reasons to consider refinancing your mortgage at this time would include: getting cash out for remodeling, education, investment, or medical expenses; reducing the interest rate or term; consolidating other debt that has higher interest rates; going to a fixed rate from an ARM. Contact Us First Name Email Last Name Subject I am planning to purchase a I will need a mortgage I am expecting to make this purchase Leave us a message... Submit CONTACT Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951; CA - CA-DBO262951 - 413 0699 © 2020 Mortgage Help Los Angeles  bottom of page --> Mortgage Los Angeles Loan Process | Ten Easy Steps top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. Mortgage Los Angeles Loan Process Exposed:  How Mortgage Lenders In Los Angeles Are Stopping You From Getting a Home Through Loan Process   Ten Steps to Getting A Great Mortgage and Getting the Mortgage Approved   With mortgage rates at historic lows and likely to stay that way for the next few months, you may be thinking that this would be a good time to buy a new home, a vacation home, a residential investment property, or to refinance existing mortgages you hold.  One thing can be said for certain, there has never been a better time to get a mortgage, that is, if you can get one!    The news is full of the reasons why you can't, and there is much frustration among professionals in every part of the real estate industry.  Low prices on properties coupled with unbelievable low rates on loans should mean a robust market.  But by some analysis, 50% of all loan applications are being turned down.  Here are ten steps you can take to optimize your chances for being approved for mortgage loan process in Los Angeles.   1.  Income clarity - Unlike the heady days of the 2000's, today you will need to prove your income.  If you are employed, make sure that your employer is showing all income.  If you are taking any income in the form of cash, gifts, barter, or other approaches that are not showing on your W2, it would be far better to change to placing everything on payroll.    If you own your own company, you may have some of the same issues as above.  Paying yourself as a W2 employee may simplify your application for mortgage loan process in Los Angeles.  In any case, if you are a substantial owner of your company, you will need current profit and loss statements in addition to at least two years of history.  As with the payroll issue, it is far better for the purposes of securing a mortgage if you are choosing to show excellent profits, rather than using every possible way to reduce income for tax purposes.   If you believe that your W2 or business income can be improved with some changes in your methods, you may want to hold off on the mortgage for a few months until these changes are effective and clear.   You might also have "imputed income from assets that do not provide actual income.  We can help you to assess the potential to show such income on your application.   2.  Credit Score Improvement -  Your credit score can keep your from getting any consideration for a mortgage, and it can dramatically impact the rate and other terms of your mortgage if approved.  There are many online resources for checking a credit score, and you You can get a free report once every 12 months from each of the three credit reporting companies — Experian, TransUnion and Equifax.  But you may want to call me at 310-295-6213 and I will get you the credit score mortgage lenders will use.  It is different than the others.    A credit score under 620 will very likely disqualify you from any standard mortgage.  A credit score above 740 will generally qualify you for the best rates and terms.  In between these two results, a great broker can help you to get the best possible deal.  But, if you can improve your credit score, you may be able to save $1000's in interest charges over the years.  A single percentage point difference can cost $85,000 over the life of a $400,000 loan.   Once you have your credit report, check to see if there are any errors.  Report these to all reporting agencies, or directly with the company that issued the incorrect information.  It can take 90 days to resolve these disputes.    Next, pay down your debt as much as you can. Don't close unused credit cards, but don't open new cards, either.  If these efforts are not enough, or if you have substantial problems on your credit reports, you may want to use a professional to help you improve your score.  Many companies who offer these services are more talk than action.  Call me for the name of a trusted credit repair company.   3.  Set up your plan - Create a realistic budget to determine what you believe you can handle.  There are many excellent free budgeting formats online.  If you are considering purchasing your first home, keep in mind that there are many expenses associated with home ownership that you don't now have with a rental.  Among other things, utilities will cost more; furnishings, wall hangings, flooring, and window treatments are huge expenses; gardening and lawn care; maid service; appliance purchases and repairs.     4.  What kind of loan? - Fixed mortgages provide the security of knowing your interest rate and payments will never rise; with rates currently at record lows, a fixed rate mortgage may be the best option.   Adjustable rate mortgages provide even lower starting rates, which can be fixed for the first five or so years, depending on the plan.   Historically adjustable rate mortgages offer the least expensive approach over the term of the loan.  They are an excellent choice if you expect to move within a few years.   On the other hand, they are not the right choice if you are not confident of being able to handle larger payments in future years.   A longer term such as a 30-year loan will keep monthly payments lower, but if your budget can handle it, a 15-year term provides a lower interest rate and will save you tens of thousands of dollars over the life of the mortgage. A $300,000 mortgage at 3.7% for 30 years costs up to $497,466. A 15-year loan at 3.0% will save more than $120,000.   Should you have less than 20% for the down payment, you should consider an FHA approved loan or a conventional mortgage with PMI (private mortgage insurance). You can move into a home with as little as 3.5% with an FHA loan, but they carry an upfront fee of 1.75% of the mortgage amount, and an annual fee of 1.25 percent.   PMI is cheaper, typically less than 1 percent a year, depending on the borrower's credit score and down payment. PMI can be cancelled when the borrower reaches 20 percent equity in the home. Typically you will need 5% down with PMI and a better credit score than with an FHA mortgage.   5.  Shopping for a lender - For over 5 years, many lenders have not really been that anxious to write new mortgages.  Because of new restrictions imposed by federal law and rules promulgated by banking regulators, lending standards are far more strict and profit margins strained.  the end result is that you will need to shop harder than ever to get the best loan with the best terms.   As a mortgage banker, 80% of the loans I originate go through our own bank.  However as a mortgage broker, I also have access to many other banks and lenders including hard money lenders.  In this way I can do the shopping for you, and find you the best possible resources.    When shopping, we look at every aspect of the cost of the loan:  The actual interest rate, points, processing costs, and mortgage insurance as mentioned in #4 above.  The goal is to exactly meet your needs for the lowest overall cost.    6.  Preapprovals Make Sense - There are two types of preapprovals.  On is a prequalifation letter.  This type of letter provides an informal estimate of the size loan you can handle.  A Preapproval letter is preferable.  This is a commitment (though with strings attached) by the lender to lend you a certain amount.   When you are shopping and are able to provide a preapproval letter in combination with a strong credit score, the s --> ABOUT | Mortgagehelpla top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. Grab your copy NOW! The Best Mortgage Broker in Los Angeles, Will Help You Find the Perfect Mortgage for Your Situation in Any Market With so much money at stake, and the legal details so hard to fathom, home buyers are justified in being cautious about their decision to take out a mortgage. Whether you are a seasoned homeowner, first-time homebuyer, refinancing for cash out or a lower rate, or considering an investment or commercial property, the best mortgage broker in Los Angeles, CA, suggests you learn as much as you can about the mortgage process . ​ If you are like most buyers seeking a mortgage, the most important questions on your mind will usually include: ​ When do I lock? What will be the amount of down payment? How much can I afford? What is my credit score and how will that affect my mortgage? Should I use mortgage insurance from the FHA or private mortgage insurance? What kind of mortgage do I need? What will be the fees and costs? ​ Start Application NOW! BILL RAYMAN Named Best in the West #1 Mortgage Broker in Los Angeles Bill Rayman spent much of his early career at NBC-TV as part of the team that developed the original Saturday Night Live1. He has not lost any of his comedic wit now that he's helping folks with home mortgages in good times and the not-quite-so good times. Bill explains: "Refinancing a home or getting a mortgage for a new home may not be a laughing matter, especially in turbulent times, but working with stand-up professionals is the surest way to ensure your positive experience and a happy outcome."   Besides keeping the mood light, Bill wants to be sure that he offers much more than the average mortgage broker. "My goal is to keep my clients well informed – certainly about rates, but also about all of the factors that affect their choices, opportunities, and decisions.   In these crazy times, many homeowners and first-time homebuyers have absorbed from the media a few critical misunderstandings. The news gives folks the impression that there aren't any loans to be had, or that you need a huge credit score and a gazillion dollars to get a good rate. This just isn't true. Many banks are lending aggressively with excellent rates to qualified buyers. But many of my competitors are unaware which banks are making what kinds of loans – in large part because few of them have access to the full network of the lenders.   Lenders have drastically reduced the number of brokers they work with. To be effective today, you need to have correspondent relations with conventional Fannie Mae lenders, solid jumbo loan options, government loans such as FHA and VA, private money, portfolio lending, and alt doc programs for borrowers who do well but whose income isn’t reflected on their tax returns."   "By carefully analyzing my clients’ wants, determining the right type of loans, then pairing them up with the exact banks that are seeking that kind of customer, we create outstanding deals. The net result:  We meet people's needs. We make people happy!"   America Top10 named Bill Rayman the #1 broker in Los Angeles a few years ago. Bill is based in West Los Angeles, where the majority of Bill's friends and clients are clustered, but he is capable of handling loans anywhere in the U.S. mainland and Hawaii. "I do regret that I never get to meet face-to-face with 90% of my clients.  On the plus side, that means that only 10% know I'm not the spitting image of Brad Pitt or shoot webs from my wrists. Give me a call." Contact Us First Name Email Last Name Subject I am planning to purchase a I will need a mortgage I am expecting to make this purchase Leave us a message... Submit Contact Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951; CA - CA-DBO262951 - 413 0699 © 2020 Mortgage Help Los Angeles  bottom of page --> Mortgage Broker Los Angeles CA | Find The Perfect Mortgage top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. How much home can we afford? Learn more Start Application NOW! The Best Mortgage Broker in Los Angeles, Will Help You Find the Perfect Mortgage for Your Situation in Any Market With so much money at stake, and the legal details so hard to fathom, home buyers are justified in being cautious about their decision to take out a mortgage. Whether you are a seasoned homeowner, first-time homebuyer, refinancing for cash out or a lower rate, or considering an investment or commercial property, the best mortgage broker in Los Angeles, CA, suggests you learn as much as you can about the mortgage process . ​ If you are like most buyers seeking a mortgage, the most important questions on your mind will usually include: ​ When do I lock? What will be the amount of down payment? How much can I afford? What is my credit score and how will that affect my mortgage? Should I use mortgage insurance from the FHA or private mortgage insurance? What kind of mortgage do I need? What will be the fees and costs? ​ Mortgage Banker at Bank of the West Bill has substantial experience handling jumbo loans ($970,800+),  for residential and commercial properties, as well as many, related complex issues. He is a Mortgage Banker at the Bank of the West.  Bill's vast resources assure you of finding the best possible rates and terms. ​ Alternative Documentation Loans If you are in business for yourself, have income that is difficult to document, have large swings in your income, or other unusual situations, you may be able to qualify for a stated income mortgage in Los Angeles or anywhere in California. In these unique circumstances, you may not need income tax returns or other documents normally required. Low Credit Score – We Can Help If you have a difficult situation due to income verification, low credit score, or unique real estate challenges, Bill has probably seen it before. He networks with a group of professionals whose legal, construction, real estate, and financial backgrounds will help you find the way through even the most unusual situation. Refinancing Mortgages – Now May Be the Time Mortgage interest rates continue to be available far below rates commonly available over the last 50 years. You may want to consider refinancing your existing mortgage into a new fixed 30-year loan at these amazing rates. Other reasons to consider refinancing your mortgage at this time would include: getting cash out for remodeling, education, investment, or medical expenses; reducing the interest rate or term; consolidating other debt that has higher interest rates; going to a fixed rate from an ARM. Contact Us First Name Email Last Name Subject I am planning to purchase a I will need a mortgage I am expecting to make this purchase Leave us a message... Submit CONTACT Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951; CA - CA-DBO262951 - 413 0699 © 2020 Mortgage Help Los Angeles  bottom of page --> Mortgage Broker Los Angeles CA | Find The Perfect Mortgage top of page Home ABOUT Helpful Tools FAQ Loan Process Blogger Contact More Use tab to navigate through the menu items. How much home can we afford? Learn more Start Application NOW! The Best Mortgage Broker in Los Angeles, Will Help You Find the Perfect Mortgage for Your Situation in Any Market With so much money at stake, and the legal details so hard to fathom, home buyers are justified in being cautious about their decision to take out a mortgage. Whether you are a seasoned homeowner, first-time homebuyer, refinancing for cash out or a lower rate, or considering an investment or commercial property, the best mortgage broker in Los Angeles, CA, suggests you learn as much as you can about the mortgage process . ​ If you are like most buyers seeking a mortgage, the most important questions on your mind will usually include: ​ When do I lock? What will be the amount of down payment? How much can I afford? What is my credit score and how will that affect my mortgage? Should I use mortgage insurance from the FHA or private mortgage insurance? What kind of mortgage do I need? What will be the fees and costs? ​ Mortgage Banker at Bank of the West Bill has substantial experience handling jumbo loans ($970,800+),  for residential and commercial properties, as well as many, related complex issues. He is a Mortgage Banker at the Bank of the West.  Bill's vast resources assure you of finding the best possible rates and terms. ​ Alternative Documentation Loans If you are in business for yourself, have income that is difficult to document, have large swings in your income, or other unusual situations, you may be able to qualify for a stated income mortgage in Los Angeles or anywhere in California. In these unique circumstances, you may not need income tax returns or other documents normally required. Low Credit Score – We Can Help If you have a difficult situation due to income verification, low credit score, or unique real estate challenges, Bill has probably seen it before. He networks with a group of professionals whose legal, construction, real estate, and financial backgrounds will help you find the way through even the most unusual situation. Refinancing Mortgages – Now May Be the Time Mortgage interest rates continue to be available far below rates commonly available over the last 50 years. You may want to consider refinancing your existing mortgage into a new fixed 30-year loan at these amazing rates. Other reasons to consider refinancing your mortgage at this time would include: getting cash out for remodeling, education, investment, or medical expenses; reducing the interest rate or term; consolidating other debt that has higher interest rates; going to a fixed rate from an ARM. Contact Us First Name Email Last Name Subject I am planning to purchase a I will need a mortgage I am expecting to make this purchase Leave us a message... Submit CONTACT Bill Rayman MORTGAGE BANKER Bank of the West ​ 11845 West Olympic Blvd  Suite 1100 Los Angeles CA  90064 ​ ​ NMLS: #262951 o: (323) 682-0385 c: (310) 453-4016 [email protected] Where there’s a BILL there’s a Way.     Bill Rayman NMLS ID:262951; CA - CA-DBO262951 - 413 0699 © 2020 Mortgage Help Los Angeles  bottom of page