Cyrus Mulitalo, Loan Officer I NMLS Id#1538206

Cyrus Mulitalo, Loan Officer I NMLS Id#1538206 Cyrus Mulitalo, better known simply as "Cy" has serviced the Sacramento, Bay Area and Yolo Counties

Loan Officer Cyrus Mulitalo | Loan Officer NMLS ID #1538206 | Branch NMLS # 293063 | CA BRE #01388158 | Golden Bay Mortgage Group

New Listing Coming Soon...
08/02/2024

New Listing Coming Soon...

The year 2020 saw the most first time home buyers in the history of the US.Real estate reality or mortgage mumbo-jumbo?
06/16/2024

The year 2020 saw the most first time home buyers in the history of the US.

Real estate reality or mortgage mumbo-jumbo?

For all the mortgage moguls out there…Let’s test your knowledge ;)[You need perfect credit to get approved for a mortgag...
06/16/2024

For all the mortgage moguls out there…

Let’s test your knowledge ;)

[You need perfect credit to get approved for a mortgage.]

Which decision would you make?Pay off your loan over 10 years at 3% interest, and have less day-to-day spending cash?ORP...
06/15/2024

Which decision would you make?

Pay off your loan over 10 years at 3% interest, and have less day-to-day spending cash?

OR

Pay off your loan over 30 years at 4% interest, spending more in total on interest but having more day-to-day spending cash?

There is no one correct answer, as it all depends on your personal situation and lifestyle. We’d love to know what decision you’d make!

There’s a lot to think about when it comes to picking the perfect loan 🤔What does your ideal mortgage loan look like?
06/15/2024

There’s a lot to think about when it comes to picking the perfect loan 🤔

What does your ideal mortgage loan look like?

Woe to inflation!We are here to ease your mind about your mortgage payments, and get you through to the other side! Give...
06/14/2024

Woe to inflation!

We are here to ease your mind about your mortgage payments, and get you through to the other side! Give us a call today to see how we may be able to help your combat the unsavory conditions of today’s market :)

It’s no secret that having good credit is important when it comes to getting a mortgage. But we want to know what you th...
06/14/2024

It’s no secret that having good credit is important when it comes to getting a mortgage.

But we want to know what you think:

[It’s easier to build good credit than it is to maintain it.]

This one hits a little too close to home 😂
06/13/2024

This one hits a little too close to home 😂

For the younger homeowners out there…What do you call someone who mails their mortgage statements?Post Malone ;)
06/13/2024

For the younger homeowners out there…

What do you call someone who mails their mortgage statements?

Post Malone ;)

Closing costs? You’ve gotta be kidding me…So you've been paying your mortgage for years and years, and finally the end i...
06/12/2024

Closing costs? You’ve gotta be kidding me…

So you've been paying your mortgage for years and years, and finally the end is in sight.

Then BOOM! It hits you – you’re reminded that you need to pay closing costs as you finish up your loan.

What a bummer.

Here’s what may be taken into account when the closing costs are being decided:

-A survey fee paid to verify property boundaries
-A flood certification fee to ensure the property is not in a flood zone
-The title search fee to check the history of the property, ensuring there are no legal claims on it
-Attorney costs associated with closing the loan
-Recording and transfer costs—a fee paid for recording the purchase of your home
-Loan preparation fees, being a percentage of the overall loan amount
-Escrow accounts, including private mortgage insurance (PMI), homeowner’s insurance, and property taxes

A lot goes into buying a house, so make sure you do your research and prepare yourself – with enough planning, you too can own the home of your dreams!

I paid off most of my mortgage!Now it’s lessage 😂
06/12/2024

I paid off most of my mortgage!

Now it’s lessage 😂

Mortgage mania!For most people, the best option for buying a house is to take out a mortgage. But what exactly does that...
06/12/2024

Mortgage mania!

For most people, the best option for buying a house is to take out a mortgage. But what exactly does that mean?

A mortgage is the agreement between you and a lender, which gives the lender the right to take your property if you are unable to repay the borrowed amount plus interest.

I know, right? Pretty heavy.

So it's very important that you take the time to get yourself the best deal possible! Here are a few things to look out for when taking out a mortgage:

-The size of the loan
-The interest rate
-The closing costs of the loan
-The lender's fees
-The Annual Percentage Rate (APR)
-The type of interest rate and whether it can change (fixed vs. adjustable?)
-The loan term (how long you have to repay the loan)
-Whether the loan has a prepayment penalty, a balloon clause, an interest-only feature, or negative amortization

Being educated about your decision is the first step to ensuring that you will be able to pay it off and own the house of your dreams!

Happy hunting!

Address

3900 Lennane Drive, Ste 200
Sacramento, CA
95834

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