I would like to know some names of reputable mortgage company in Cali for refi.?

Question

We need to refinance a property we are building on and we have finalized blue prints. We ar looking for a company that is trustworthy (if there is one) for us to continue building. We are located in Chatsworth California. Any information would be useful. Thank You

Answer 1

The thing is the company name may be reputable but if you are talking to an inexperienced loan officer you can still get burned.

Make sure who ever you talk to is licensed by the California Department of Real Estate. This holds them personally accountable for the loan they provide you. If you talk to a lender most likely the person is not licensed (because lenders operate under the Department of Corporations which don't require loan officers to be licensed). If you speak with a broker make sure you ask who ever you are talking to if they are licensed.

You can tell if they are when you receive the disclosures it will have the person's name that took your application on it as the interviewer, if it is a different name then you know they are not licensed.

I am a licensed loan officer at a brokers office in Irvine Ca. I've been in the business for over 4 years. If you would like to use my services feel free to write me.