Steven Flores-Michel

Steven Flores-Michel Hi, I'm Steven Flores. I'm a Home Loan Officer and specialize in acquiring new home loans as well as refinancing current mortgages.

Contact me and I'll be more than happy to provide professional guidance towards living your new lifestyle in your new home.

A bridge loan is a short-term loan a homeowner takes out against their property to finance the purchase of another prope...
11/11/2021

A bridge loan is a short-term loan a homeowner takes out against their property to finance the purchase of another property. It’s usually taken out for a period of a few weeks to up to three years.

Do I pay off charge off’s or a collection?Let’s break down your credit score.
11/09/2021

Do I pay off charge off’s or a collection?

Let’s break down your credit score.

An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage len...
11/05/2021

An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an appraiser to get a professional opinion of the value of the property. This helps the lender decide if the property is worth the amount of the loan the potential buyer is seeking.

Closing costs are an assortment of fees, including fees charged by: a lender, the title company, attorneys, insurance co...
11/03/2021

Closing costs are an assortment of fees, including fees charged by: a lender, the title company, attorneys, insurance companies, taxing authorities, homeowner’s associations, real estate agents, and other closing settlement related companies. These closing costs are typically paid at the time of closing a real estate transaction.

The 10 steps to buying a home.
10/28/2021

The 10 steps to buying a home.

The principal balance of a mortgage loan is the amount of money owed to the lender, not including interest. Say you borr...
10/22/2021

The principal balance of a mortgage loan is the amount of money owed to the lender, not including interest. Say you borrow $300,000. That’s the principal of the loan, or what you borrowed to buy the home. Buyers pay the principal plus interest each month, although calculated on a daily basis for most loan type. Payments nearly always go toward interest first, then toward paying down the principal. After all, the interest is the reason the bank agrees to make the loan.

A loan contingency is a clause or addendum (also known as a mortgage contingency) in an offer contract that allows a buy...
10/20/2021

A loan contingency is a clause or addendum (also known as a mortgage contingency) in an offer contract that allows a buyer to back out of a deal and keep their deposit if they are unable to secure a mortgage with specified terms during a fixed period of time.

With fixed rate mortgages, your interest rate stays the same for the duration of the loan. They are often available as 1...
10/15/2021

With fixed rate mortgages, your interest rate stays the same for the duration of the loan. They are often available as 10, 15, 20 & 30-year loans. The 15- and 30-year loan are by far the most popular type of home loans, accounting for about 75% of all U.S. residential mortgages.

A pre-qualification is a lender’ estimate of the amount a home buyer can expect to be approved for during the loan proce...
10/14/2021

A pre-qualification is a lender’ estimate of the amount a home buyer can expect to be approved for during the loan process. Getting pre-qualified is a quick assessment by a lender of the buyer’s financial situation based solely off of what a buyer tells a lender, and not based with any proof or verifications.

Address

990 W. Alluvial Avenue Suite 103
Fresno, CA
93711

Telephone

+15593046923

Website

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