Cost of Funds Index
There are two types of indices that are used with home loans, the cost of funds index and the 1-Year Treasury Security. The 1-year Treasury Security is more prevalent on the east coast and the cost of funds index on the west. Your home loan representative at Home Savings Mortgage is skilled in both indices.
The cost of funds index lags market interest rates in both uptrend and downtrend movements. As a result, ARMs tied to this index rise and fall more slowly, which is good for homeowners if rates are rising but not if rates are falling.
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First Time Buyer Loans
Many people dream of owning a home in the Woodland Hills area but the home loan process can be confusing for many first time home buyers. Home Savings Mortgage's mortgage brokers offer first time buyers with many home loan options and assists the buyers in finding the best home loan for them. First time home buyer programs can offer lower interest rates, low down payments, or reduced taxes. Contact your Woodland Hills mortgage broker to discuss the details of each Woodland Hills home loan option and begin to realize your dream of home ownership in the San Fernando Valley.
Woodland Hills Real Estate Information
At Home Savings Mortgage we offer real estate information in Woodland Hills and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 818.445.4241.
