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Whether you’re looking to purchase a new home or refinance your existing mortgage, you need an experienced mortgage professional who knows the ins and outs of the local market.
As your local mortgage lender, Marcel Garcia is dedicated to helping clients achieve their dream of homeownership. A Southern California native, Marcel graduated from UCLA before pursuing advanced degrees, earning the nickname 'Doc.'
Marcel is passionate about helping everyone find the perfect mortgage that fits every financial situation. Guiding you from your first steps with a simple online application, all the way through closing and beyond, he’s ready to set up a home financing plan that works for your financial goals. His mission is your total satisfaction.
Here are just a few reasons why Marcel Garcia is the best lender for your mortgage needs:
Experience in the mortgage industry
Commitment to customer service
Willingness to work with people in all financial situations
Knowledge of the local real estate market
Availability both nights & weekends
Support throughout the mortgage process
Contact Loan Officer Marcel Garcia today to learn more about the perfect mortgage product that fits your needs. Together, let’s get started on your journey to home-ownership!
Marcel turns renters into homeowners and homeowners into investors!
Some offerings at CSMC Mortgage:
Fixed-rate mortgage:
This type of mortgage has an interest rate that stays the same for the life of the loan, which can provide peace of mind.
Adjustable-rate mortgage (ARM):
This type of mortgage has an interest rate that changes over time. The initial interest rate is typically lower than a fixed-rate mortgage, but can go up or down over the life of the loan.
Conventional mortgage:
This type of mortgage has more flexibility than government backed loans. Conventional mortgages typically require a down payment of at least 5% of the purchase price.
Jumbo mortgage:
This type of mortgage is for homes that cost more than the conforming loan limit. Each county across America has its own limit, in Los Angeles a jumbo loan is larger than $1,089,300 (2023). Jumbo mortgages typically stricter requirements and may require larger down payments & reserves.
Veteran Loan (VA):
Military veterans can take advantage of lower interest rates, no down payment, and no mortgage insurance.
FHA Home Loans:
Backed by the government, these loans can be easier to qualify, even if you have lower credit scores or a down payment as little as 3.5%.
HELOC / Home Equity Line of Credit:
This type of mortgage can help borrowers who wish to cash out some of their equity to remodel, add an addition to their home, build an ADU, consolidate debt, pay for college or university, or many other uses.
Down Payment Assistance:
A variety of programs exist to assist first time buyers with their down payment and closing costs.
Investment Homes: DSCR / Debt Service Coverage Ratio:
This type of mortgage is used for investment purposes. Instead of requiring an income analysis, a DSCR is calculated by dividing rental income by mortgage & auxiliary costs.
Construction Loan:
This type of loan is used to finance the construction of a home. Construction loans typically have higher interest rates than traditional mortgages and they have to be repaid in full once the home is completed.
Interest-Only Mortgage:
This type of mortgage only requires you to pay the interest on the loan each month. The principal balance does not get paid down until the end of the loan term.
Piggyback Loan and/or a 2nd mortgage:
This type of loan is used to get a larger mortgage than you would qualify for on your own. A piggyback loan is typically a second mortgage that can be used to cover the down payment or closing costs.
Hard Money loan:
This type of mortgage can help borrowers with unique financial situations including but not limited to small business owners and foreign nationals.
Reverse mortgage:
This type of mortgage is designed for older homeowners who have equity in their home. A reverse mortgage allows you to borrow money against your home without having to make monthly payments
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