Sherry G. Kia

Private Mortgage Banking

Tel: (310) 880-4439
Address: 12100 Wilshire Blvd | Suite #800 | Los Angeles | CA | 90025

Loan Programs​

Fixed Rate Mortgage

A fixed-rate mortgage, is a fully amortizing mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float".

Adjustable Rate Mortgage

An adjustable rate mortgage or a variable rate mortgage is a mortgage which has a lower initial interest rate and lower monthly payments but the rate and the monthly payment will adjust after the initial term. We can offer a 3/1, 5/1, 7/1 and 10/1 adjustable rates. These loans have a fixed interest rate and fixed monthly payments on their first 3, 5, 7 and 10 years.

Interest Only Loan

Interest only loans offer a lower monthly payment as you are only paying the interest on the loan during the interest only period. At the end of this period, your monthly payment will increase so you could negotiate for another interest only loan or convert the loan to a principal and interest payment (fully amortized) loan.

Construction Loan

A construction loan is typically a short term loan used to pay for the cost of building a home. It is offered for a set term (usually around a year) to allow the time to build your home. At the end of the construction process, when the house is finished you will need to get a new loan to pay off the construction loan.

Alternative Docs

You can use 12 month bank statements in lieu of 2 years tax returns. This program is designed for self employed borrowers to qualify by analyzing their cash flow through their bank statements.

One Year Tax Returns

You can use the most recent tax returns in lieu of 2 years tax returns to qualify for a mortgage.

Foreign Nationals Loans

This program is designed for borrowers who have no credit, no social security number, no green card or visa and no US tax returns.

Cross Collaterization Program

This program is designed for borrowers who would like to buy a new home before selling their existing home. The lender may use the equity in their current home as part of the down payment to purchase the new home.

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