American Multi Lenders Inc

1. Mortgage Payment

When you apply for a loan from a bank or any lending institution , there is going to be a monthly payment.
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When you apply for a loan from a bank or any lending institution , they would require the borrower to purchase hazard insurance to protect the lender’s interest in the property just in case the property gets into fire or any hazardous event and needs to be replaced.
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3. Property Tax Payment

Whenever you purchase a real estate property , you are always subject to pay property taxes on the property even if you buy the property all cash and not to apply for any financing.
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4. Mortgage Insurance Payment

Mortgage insurance always protects the lender just in case if the borrower defaults on their loan . It is the responsibility of the borrower to pay for this fee either on a monthly base , one time upfront or both.
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5. Home Owner Association Payment

If the subject property is a condo or PUD , it always has a monthly fee . This monthly fee normally covers some common expenses , like utility , pool , basketball court and most importantly hazard insurance.
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6. Total Housing Payment

You need to add up all these payment in order to give you a good estimate of your monthly obligation for the property of your interest . However, just to remind you that all these figures are just estimated and you need to consult your Realtor and your loan office to give you better estimate your monthly obligation. There is no calculator on this one.

Location

26126 Alizia Cyn #A Calabasas 91302

818-402-2302

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American Multi Lenders Inc. NMLS ID# 352077, a Licensed Mortgage Company. This is not a commitment to make a loan. All approvals are subject to underwriting guidelines. Loans subject to borrower qualifications, property evaluation and credit approval. Rates and terms subject to change based on market conditions and borrower eligibility. Contact me for more details.