A Salute To Our Veterans!

Roger, copy, coming in!

The largest annual air show in The United States took place in San Diego over this last weekend, October 2nd-4th. Aircrafts were soaring high and low, audaciously performing for an estimated audience of 700,000 people!

A variety of different types aircrafts were exhibited as well as flown.

During the three-day event, the show’s daily performance agenda included military and civilian aircrafts, with the spotlight on the U.S. Navy Flight Demonstration Squadron, the Blue Angels, and a special Saturday night “Twilight” Show.

Since 1999, the Miramar Air Show has often featured a Navy Legacy Flight, where modern jets fly in formation with aircraft from previous eras in celebration of military veterans and naval aviation history.

That’s really what this whole event was about. Celebrating our veterans, the mean & women who sacrifice themselves for our Freedom.

Now that you’ve fought for our Freedom, we want to fight for yours. Your Financial Freedom.

At Global Equity Finance, we work with The U.S. Department of Veterans Affairs to ensure that when it comes to buying a home for our veterans and their family, they have the best possible option.

Our VA Loan Program has a multitude of never-ending benefits for our veterans. You can purchase a home with ZERO down payment, there’s NO monthly private mortgage insurance, you can take cash-out, and the list goes on and on.

These benefits are here to make purchasing a home easier and more accessible to those who have served our nation.

If you think you qualify for a VA Loan, you’re probably right.

Give Chris Logorz, one of our Veteran Senior Loan Consultants, a direct call (858)952-7795, to see what type of VA Loan we can get you started on.

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What’s your interest rate?

what_your_rateI hear the question, ‘what’s your interest rate?’ a lot. That or, ‘can you beat this rate?’  Many people believe they should qualify for and be provided with a low interest rate simply by giving their credit score.

Predatory lenders love this because they will quote a ridiculously low rate, then after the client and loan are in process, proceed to give the factors for why their rate has increased (closing costs, taxes, and insurance premiums). Many people don’t know that there are many factors that determine your interest rate, so I’ve created a list to help clarify.

1.) Duration of the interest rate Lock-In

2.) Date the rate is quoted (rates change day to day and even hour to hour)

3.) FICO Score (a FICO score is different than a Credit Report)

4.) Home Type

5.) Loan-to-Value Ratio (amount of equity)

6.) Rate & Term vs. Cash Out refinance (non-government vs governmental loan, non-insured vs insured loan, how much cash you’re taking out)

7.) Loan Program (VA, FHA, Conventional)

8.) Fixed vs. Adjustable

9.) Term of Loan

10.) Residency (primary vs investment)

As you can see, there’s a lot of factors that go into generating an interest rate and finding a program that will be most beneficial for you. Any mortgage expert will tell you that the lowest available interest rate does not necessarily mean it is the best loan program for you. Here at GEQ, we don’t believe in bait and switch and that’s why we thoroughly discuss our clients’ needs first before speaking with our underwriters to determine the best program and rate. For more information on rates, contact us today: 800-245-3279 or info@geqfinance.com.

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