What we do
Lic. 01866649 - NMLS 311726
Need to upgrade or downsize?
First time home buyer?
Thinking about listing and selling your home?
Want to lower your existing payment or term?
Cash out or consolidate debt? Reverse Mortgage?
Lenders Direct Funding Inc., DBA: Summit Realty Group is dedicated to streamlining your real estate and mortgage needs. We understand your house is often times your biggest financial commitment.
We shop amongst a wide range of lenders to pair your specific scenario to the best-priced lender. When we originate your mortgage the lender pays us directly which means no out of pocket points.
Our clients become an extension of our family. All our recommendations are what we would suggest to our family. We believe in mutual respect and building up the community for a better tomorrow.
Transaction is Done Electronically
Clients speak Spanish
Henry (Enrique) Vera
Specialty: Mortgage Loan Originator
Lily (Liliana) Vera
Specialty: Seller’s Agent and Reverse Mortgage Originator
lic. 01838805NMLS 311667
Specialty: Mortgage Loan Originator
Specialty: Buyer & Seller’s Agent
Points and Interest Rates: what you need to know Points are a cost associated to the loan expressed percentage of the loan amount. For example, one point of $100,000 would be $1,000. Not every loan program and interest rate has the same points tied to the loan. You have three choices when dealing with points:[…]
What’s your Down Payment? Down payment is the amount in cash you provide towards the purchase price of the home. In mortgage lending, we often refer to the down payment as a percentage of the purchase price. The purchase price less the down payment is the mortgage loan. Use the following chart to help identify[…]
The following table briefly highlights the most common home loan programs. Our goal is to help you identify the different home loan programs for which you may qualify. Please keep in mind this is only to be used as a point of reference. FHA, Conventional, VA and USDA are the most common loan programs for home buyers. Lenders[…]
Pick the loan type- fixed or adjustable rate mortgage- best suited for your needs Your budget and long term goals will help decided whether a fixed rate or adjustable rate mortgage is best for you. A fixed rate is more predictable than an ARM, but not always the best option for a borrower. Fixed Rate[…]
Your credit (debts) and credit scores significantly affect your mortgage interest rate and the fee(s) the lender imposes. Understanding your credit’s role in obtaining a home loan is essential. The amount of debt outstanding affects 30 percent of your credit scores. Therefore, reducing the amount of outstanding debt will positively affect your credit scores. When[…]
Earthquake safety is important for all especially us living in Southern California. From March 21 to March 27, 2016 there were approximately 221 earthquakes reported in Southern California. Whether you are a homeowner, renter, or real estate investor earthquakes affect all Southern Californians. Every October California participates in the “Great Shake Out” which prepares us[…]
Preliminary Title Report: a dated and signed report issued by a title company that sets out the detailed condition to the title of a particular parcel of land. Upon the request for a preliminary title report, the contracted title company researches public records to issue the Preliminary Title Report, also known as a Prelim. In[…]
Non negotiable closing costs: Appraisal, Credit Report, HOA Certification Services or closing costs you cannot shop for are very few when purchasing or refinancing. The lender will impose an appraisal and credit report fee. These closing costs are often paid or partially paid upfront prior to the close of escrow. Appraisal Fee: An appraisal is an[…]
4 Facts from Farmers Insurance About Earthquakes and Earthquake Insurance Rates very significantly based upon your location. In California, Earthquake insurance is issued by an independent organization, the California Earthquake Authority (CEA). CEA policies are available through many of your local insurance agents Predicting an earthquake is nearly impossible Unlike hazard (fire) insurance, Earthquake insurance is completely[…]
Will my home come with a warranty? A standard home warranty (protection) is a one year service contract that protects a buyer or homeowner from unforeseen repairs or replacements of appliances and home systems. These breakdowns are often caused by normal usage of the home systems and appliances. Is a Home Protection necessary? No, you do[…]