Notary Loan Signing Agent, San Jose Area Including Almaden Valley and Blossom Valley
Annie Tyler, Notary Public, has been certified by the National Notary Association as a notary loan signing agent, which involves passing a certification exam and clearning a security check, which includes fingerprinting and a criminal background check.
Notary Loan Signing Agent Certification
". . . . the mortgage industry has begun to require compliance training and background screening for all persons involved in the lending process who have access to the private financial information of borrowers — including Notary Signing Agents."". . .. The nation's leading mortgage industry firms are relying on the National Notary Association when they seek highly qualified — trained, certified, background screened — Notary Signing Agents who can perform their duties properly and ethically."Quoted information from the National Notary Association.
Mortgage Information from the U.S. Government
Annie Tyler, Notary-on-the-Go, shares some information below from the United States government website,
More information about homes and housing is available to all at the U.S. government's official web portal, USA.gov.
CommonTypes of Home Mortgages
Fixed rate and adjustable rate mortgages are the two main types of mortgages, but there is a wide variety of other mortgage products available. Below are pros and cons of just a few of the mortgage products you may want to consider.
Type of Mortgage
|Fixed-rate mortgage||No surprises The interest rate stays the same over the entire term, usually 15, 20 or 30 years.||If interest rates fall, you could be stuck paying a higher rate.|
|Adjustable-rate (ARM) or variable-rate mortgage||Usually offers a lower initial rate of interest than fixed-rate loans.||After an initial period, rates fluctuate over the life of the loan When interest rates rise, generally so do your loan payments.|
|FHA (Federal Housing Administration) loan||Allows buyers who may not qualify for a home loan to obtain one Low down payment.||The size of your loan may be limited.|
|VA loan||Guaranteed loans for eligible veterans, active duty personnel and surviving spouses Offers competitive rates, low or no down payments.||The size of your loan may be limited.|
|Balloon mortgage||Usually a fixed rate loan with relatively low payments for a fixed period.||After an initial period, the entire balance of the loan is due immediately This type of loan may be risky for some borrowers.|
|Interest-only||Borrower pays only the interest on the loan, in monthly payments, for a fixed term.||After an initial period, the balance of the loan is due. This could mean much higher payments, paying a lump sum or refinancing.|
|Reverse mortgage||Allows seniors to convert equity in their homes to cash; you don't have to pay back the loan and interest as long as you live in the house.||Subject to aggressive lending practices and false advertising promises, particularly by lenders that prey on seniors. Check to make sure the loan is Federally insured.|
Buying a Home
2. Know your rights
Thinking about buying a home? We have information that can help! Got questions? Talk to one of our housing counselors!
1. Figure out how much you can afford What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.
- Fair Housing: Equal Opportunity for All- brochure
- Real Estate Settlement Procedures Act (RESPA)
- Borrower's rights
- Predatory lending
- Looking for the best mortgage: shop, compare, negotiate - brochure
- Let FHA help you
- Learn about interest only loans
- Avoid Predatory Lenders
- Homebuying programs in your state
- Let FHA help you (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!)
- HUD's special homebuying programs
- Good Neighbor Next Door(formerly known as Teacher/Officer/Firefighter Next Door)
- Indian Home Loan Guarantee Program(Section 184)
- Wish list - what features do you want?
- Home-shopping checklist? take this list with you when comparing homes
- Homes for sale(including HUD homes)
- "Fixer-Uppers - home purchase and repair programs
- Manufactured (mobile) homes
- Build a home
7. Get a home inspection
8. Shop for homeowners insurance
9. Sign papers
You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!
Mobile Notary Service throughout San Jose CA including the Santa Teresa area, Silver Creek, Evergreen Valley, the Basking Ridge neighborhood, the Almaden Valley and Blossom Valley.
Call Annie Tyler, Notary Public
Disclaimer: Notary-on-the-Go presents this site to give general information about notary service and its history and to advertise the Notary-on-the-Go service. This website is not intended to offer legal advise of any sort. For legal guidance particular to your concerns, consult an attorney.