WHAT WE OFFER
In Palo Alto, CA since 1993. University Investments manages what will likely be the largest financial investment you will ever make -- your home. Our services begin as a mortgage broker, shopping the market to find the best loan package for your specific needs and abilities. Where we differ is in the service, and the relationship. Long after your loan has closed, University Investments continues to work with you, analyzing your loan, tracking the market, and notifying you if conditions are ripe for a refinance or new mortgage terms. We remain at your service as a reference when you have questions about your loan or the mortgage market in general.
Mortgage BrokersUnlike banks, which sell their own products, mortgage brokers work to find you the best loan from among a large number of lending sources. Benefits of working with a mortgage broker include:
•Competitive pricing due to low overhead •A wide choice of lenders and products •Continued personal service of your loan Because of superior pricing and service, mortgage brokers have gained over 2/3 of the marketplace (source Wikipedia). University Investments has closed over $5 billion in loans since its inception in 1993. Contact us today about your mortgage loan. |
ServicesUniversity Investments is more than just a mortgage loan company. We're an investment tracking company. We offer top notch service on your home loan, then track both your satisfaction with the process and your investment.
Many of our customers call for financial advice regarding their mortgage and general finances as they relate to their mortgage. As part of our service, we contact you periodically if we feel there are programs or actions that would save you money. University Investments specializes in service. We treat your home loan as the largest single purchase you will likely make in your life. |
getting started
STEP ONEPRE QUALIFICATION
We'll help you determine what's important for the pre-qualification process and help you get the information you need. University Investments will assess your current financial situation and long-term goals. We'll help with credit check and income verification. We take the time to explain the loan process thoroughly.
|
STEP twoLOAN SELECTION
We'll find the best program at the best rates possible for your needs. We know the "ins and outs" of each program to help you meet loan requirements easily. University Investments works with a large number of lenders to find the best mortgage product.
|
STEP THREELOAN APPROVAL
Most loans come back with conditions for approval. We'll help you meet those conditions or negotiate for you, if possible. University Investments will help you meet conditions for approval of your loan.
|
STEP fourFOLLOW UP
Our product is not the loan itself, it's the way you feel about the loan you've received. We follow up with you to ensure you are satisfied and secure with your mortgage. This follow up continues for years down the road as we constantly monitor your situation to see if you might be able to benefit from a different loan.
|
STEP FIVECONSULTING
We're more than happy to answer questions for you. Thinking of refinancing? Considering a new home? Questions about how other financial activities will affect future loans? We're there for you whenever you need us.
|
TYPES OF LOANS
30 Year Fixed Mortgage |
Payments are fixed for 360 months. The interest rate is fixed and unchanged throughout the life of the loan.
|
15 Year Fixed Mortgage |
Payments are fixed for 180 months. The interest rate is fixed and unchanged throughout the life of the loan.
|
10/1 Adjustable Rate Mortgage (ARM) |
This is a 30 year loan. Payments are fixed for the first ten years (120 Payments). After 10 years, the loan automatically converts to a 1 year ARM for the remaining term.
|
7/1 Adjustable Rate Mortgage (ARM) |
This is a 30 year loan. Payments are fixed for the first seven years (84 Payments). After 7 years, the loan automatically converts to a 1 year ARM for the remaining term.
|
5/1 Adjustable Rate Mortgage (ARM) |
This is a 30 year loan. Payments are fixed for the first five years (60 Payments). After 5 years, the loan automatically converts to a 1 year ARM for the remaining term.
|
3/1 Adjustable Rate Mortgage (ARM) |
This is a 30 year loan. Payments are fixed for the first three years (36 Payments). After 3 years, the loan automatically converts to a 1 year ARM for the remaining term.
|
1 Year Adjustable Rate Mortgage (ARM) |
This is a 30 year loan. Payments are set annually and can change once every twelve months. The interest rate is based on an index plus a fixed margin.
|
Buying Tips
|
|
|
DOWNLOAD LOAN APPLICATION AND CREDIT AUTHORIZATION
What you will need to provide
IF YOU ARE A SELF-EMPLOYED BORROWER (YOU FILE A SCHEDULE C TO REPORT INCOME OR IF YOU OWN 25% OR MORE OF THE COMPANY YOU WORK FOR, INCLUDING PARTNERS OF LAW FORMS):
- The last two years personal tax returns
- A current year-to-date profits and loss statement
- Two months statements on accounts with assets (checking, savings, stocks, IRA, 401K, etc.)
IF YOU ARE A PARTNER AND OWN 25% OR MORE OF THE COMPANY YOU WORK FOR, PLEASE INCLUDE THE FOLLOWING
- The last two years tax returns for the Partnership or Corporation
- A year-to-date profit and loss statement for the company
SALARIED OR HOURLY WAGED BORROWERS:
- Last two years W-2 forms
- Last two pay stubs
- Two months statements on accounts with assets (checking, savings, stocks, IRA, 401K, etc.)
IF YOU OWN RENTAL PROPERTIES OR HAVE ADDITIONAL INCOME THROUGH PARTNERSHIPS OR INVESTMENTS, WE WILL ALSO NEED THE FOLLOWING ITEMS:
- Last two years tax returns
- Any K-1s reported on Schedule E
- Rental agreements
mortgage CALCULATor
Javascript Mortgage Calculator by MortgageCalculator.org