los angeles mortgages: Mortgage brokers came in 9th in businesses that consumers most complain about - 07/25/11 06:07 AM
     I just read an article on Aol about the businesses that consumers most complain about.  Mortgage brokers came in 9th.  It said that 10,000 people complained to the BBB.  The most common complaint - not honoring the
promised rate or terms.
     I can only make one comment about this.  As a credit union employee, I am not allowed to charge an overage, so everyone gets the same best rate.  Here at Kinecta Federal Credit Union, service is our mantra.  We honor our rate quotes.
     If you refer me a client; I promise to give them … (2 comments)

los angeles mortgages: How do I get financing if the condo project is not FHA approve? - 07/24/11 07:55 AM
      It is July 2011 and I want to share a little secret with you, " the FHA wants to get out of the condo financing business!!!"  If it wasn't for condos FHA would be in much better financial shape.  That is why most projects are not Fha approved and it is almost impossible to get FHA financing on most condos.
      The solution is a 5% down conventional loan from a credit union.  Credit unions are able to offer 95% financing on loans up to $417,000.  Also, the pmi rates are much lower with credit unions.
(3 comments)

 

Joshua Lee

Los Angeles, CA

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Kinecta Federal Credit Union

Address: 2100 Park Place, El Segundo, ca, 90245

Office: (310) 529-8046

Mobile: (310) 529-8046

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