Loan programs

Loan programs

At Ranch & Coast Mortgage Group Inc., we go above and beyond to provide our clients with the best mortgage loans and terms that suit the exclusive needs and situations of every individual.

We offer a variety of different loans Residential Purchase, Refinance, Home Equity Loans and Lines of Credit, Construction, Lot/Land, and Commercial Finance Loans.

  • Fixed Rate Loans with 10, 15, 20, 25, & 30 Years Fully Amortized Loan Terms
  • Fixed Period ARM Loans at 3/1, 5/1, 7/1, & 10/1 Fully Amortized  and Interest Only Loans Options available
  • Super Jumbo Loans may be available for loan amounts up to $10 million
  • FHA, VA, Cal PERS, Cal VET and Reverse Mortgage loans also available

Rance & Coast Mortgage Group Inc. is licensed by the California Bureau of Real Estate. Mortgage Brokerage License #01786879. Restrictions apply and not all borrowers will qualify. Contact Us for details.

Fixed Rate Loans

A fixed rate mortgage has a stagnate payment for the entire term of the loan. This means that your interest rate and mortgage payment will never change during the life of the loan. Knowing that your rate and payment never increase can provide you with peace of mind and simplicity in budgeting your finances. If you want to avoid rising interest rates and plan to live in your home for longer than 10 years, this may be the right loan option for you.

Adjustable Rate Mortgage (ARM) Loans

An adjustable rate mortgage (ARM) has a rate that fluctuates, causing your monthly payment to increase and decrease accordingly.

Features of an ARM loan include:

  • The interest rate typically starts out lower than the rate of a fixed-rate mortgage, during its initial fixed rate period. Then, it will adjust regularly based on market indicators.
  • The starting rate stays fixed between three months and 10 years, depending on the ARM product.
  • Most ARM loans adjust annually, but others adjust on a semi-annual or monthly basis.
  • Individual adjustments are capped at a certain amount, and the rate can never exceed the lifetime cap.

It is important to keep in mind that the monthly payments and interest rates can increase during the term of the loan. An ARM loan may be the most beneficial choice if you plan to move before the end of the initial fixed-rate period, or if you are buying at a time when rates are relatively high.

Home Equity Loans and Lines of Credit

Your home equity is the difference between what you own on your mortgage and the market value of your home. You build equity as the difference between your market value and what you owe grows, when you repay your mortgage principal to decrease the amount you owe, or when your home’s value increases. You can borrow against that equity when you need cash, using either a home equity loan or a line of credit.

Home Equity Loans: These types of loans give you cash when you need a single lump-sum payment, which allows you to repay the full loan amount over a specific period of time at a fixed interest rate. If you know exactly how much money you need to borrow, a home equity loan may be the best loan option for you. The greatest benefit with this option is having the security of knowing that your payment will never increase.

Home Equity Line of Credit: These types of loans give you a revolving source of cash that you can draw from as you need. The line carries a variable rate with an interest-only payment option that can be used to finance ongoing expenses and miscellaneous purchases, similar to the way in which you use a credit card. It can even be used to consolidate high interest credit cards and consumer debts. It is there when you need it and you only make payments on your outstanding balance – not the total amount of the credit line.