Refinance Loans


	"The Wright Team" (909) 938-3777 or Office (800) 924-3613 "Your Personal Mortage Consultant For Life"

	Refinance, Cash Out & Debt Consolidation Loan Programs
	Pick the options you want... Take your pick, We can build the perfect loan for your situation; 15, 20, 30, 40 and 50 Year Home Loan Programs

Your Perfect Loan Program; Central City Mortgage is registered with the DRE as a licensed Mortgage Banker / Broker and specializes in working with Real Estate Purchase, Refinance, Debt Consolidation and Investment Lending Programs. We work with all levels of credit and scores from “A Paper” to hard & private money lending. With Over 80% of Our Business Coming Directly From Realtor & Client Referrals We Have To Provide Better Rates, Programs and Service… So unlike the mega banks whose programs we offer via wholesale lines we are affiliated with, we can pretty much pick and choose the terms and options you want to build the loan program that best fits your goals and plans. We want to earn the right to become "Your Personal Mortgage Lender For Life."

Fixed Rate Loans vs Hy-Bred Combo Loans; Central City Mortgage offers loan programs designed to work around your busy lifestyle... with an understanding that many of us will refinance our home purchase loans withing the first 3 to 5 years, and sell and/or move up to a bigger home within the next 5 years. With this in mind The Wright Team, after listening to your goals can recommend loan programs with fixed interest rates for 15, 20, 30 years, or money saving programs that offer lower interest rates that are fixed for periods as short as 1 year. We have a program that should be perfect for your plans and goals. The savings of a 3 year or 5 year fixed rate loan may be perfect for your situation... Keep in mind that you no longer are forced to take the higher interest rates of a 30 year fixed rate program just to have the payment security you want. With shorter term loan programs you can still save money without going to a fully adjustable rate program by taking advantage of one of our many hy-bred loan programs; your loan officer will discuss all of your options when your application is taken.

Negative Amortization Loan Programs; Central City Mortgage offers all of the most popular "Pick-a-Pay," "Choice Programs," or "Neg-Am Loans" with just about every option anyone could want on a Negative Amortization Home Loan Program... we also have the experience to know when this type of loan would be beneficial to our borrowers, and when it might be beneficial to opt for a more traditional loan program. Neg-Am Loans are powerful money leveraging tools best used by those who have the financial reserves to benefit from their options, and better avoided when only used to qualify a buyer to purchase homes they otherwise would not qualify for. Please feel free to call with any questions; we are here to be of service.

                                           Click Here To Learn More About Negative Amortization Loans

How To Avoid PMI & MI; Central City Mortgage also has numerous programs and combination loans that avoid PMI & MI, or that are "Self Insuring," which can save you thousands of dollars over the life of your loan and make your new home more affordable.

                                                  Click Here To Learn More About Avoiding PMI & MI

Hard Money & Investor Portfolio Loans; Central City Mortgage has been in business since 1990, and during that time period has developed an incredible network of private money investors and portfolio lenders who specialize in helping borrowers with credit scores that would disqualify them for any other source of funding. Whatever the reason... if this is your current position we can help; These loan programs are fast arrange, easy to get approved and fund rapidly, depending on the equity level of the property securing the loan.

                                                   Click Here To Learn More About Hard Money Loans

Fixed Rate and Fixed Period Loans;

Central City Mortgage Offers Fixed Programs locked for 15, 20, 30, 40 years, most with interest only options. These loan programs provide some of the most secure, lowest possible payments of any program short of the Negative Amortization loans. These programs are available with 100% financing options, including the popular 80/20, 80/15, and 80/10 combination loans (eliminating PMI and MI), but in the case of most refinance programs seldom stretch past the ideal LTV of 80%... but it is up to each borrow and their individual needs on how we structure each loan.

The Wright Team also has numerous programs that are locked for 1, 3, 5, 7 or 10 years, that than convert to adjustable programs and are amortized over 30 or 40 years... we are just now starting to see some options on 50 year loan programs, so call for details on these.

Adjustable Rate Loan Programs;
Long before the Negative Amortization Loans became the popular financing tool to leverage additional purchasing power for home buyers adjustable rate loan programs were the loan of choice for financial planners because they have consistently saved borrowers money over the fixed rate programs pushed by banks. Central City Mortgage offers adjustable rate programs with monthly, 6-month, and annual adjustment periods and with Treasury Bill, MTA and Libor indexes.

Central City Mortgage offers a broad selection of adjustable rate Negative Amortization (Neg-Am) Loan Programs also, including 40 year programs. Many of these programs feature extended fixed payment options and have payment caps to limit the amount monthly payments can increase during any adjustment period. See the link below to learn more about these programs.

NOTE: We no longer represent the World Savings Programs that used the "COSI" index, and will have to wait and see what this once popular program evolves into since the bank has been bought out by "Wachovia Bank." The buy out of World Saving by east coast power house, Wachovia Bank should bring some interesting new home loan products into the Central City Mortgage loan arsenal as they will probably focus on the "Alt-A" and semi-sub prime mortgage markets and have an aggressive wholesale division (Beating their retail divisions). Everyone is taking a "Wait and See" attitude at this time because World Savings "Pick a Pay" adjustable program was thought by many to be the reason for World Savings selling out what was once the most solid banking portfolio in the industry. This was an interesting move by Wachovia Bank.

Click Here To Learn More About Negative Amortization Loans