San Dimas
Mortgage - San Dimas Refinance
Applied Wholesale Mortgage offers
the lowest rates for mortgage and refinance loans throughout San Dimas California and the Southland. Our brokers will pre-qualify
you to buy San Dimas real estate. Mortgage interest rates are
the best ever and you can qualify for San Dimas home loans regardless
of your credit history!
Apply now
About San Dimas
Dimas San Dimas is a city located in Los Angeles
County, California. As of the 2004 census, the city had a total
population of 36,200.San Dimas was featured prominently in the
movie Bill & Ted's Excellent Adventure, although many of the
location shots were of various Phoenix, Arizona locales Don Palomares
recieved a 15000 acre land grant from Governor Alvadro in 1837,
which included the land of present day cities Pomona, Claremont,
La Verne, Glendora, and San Dimas. This holding was called Rancho
San Jose. The northern part of the Rancho was cut through with
wild canyons, and while they were of little use for vinyards,
beans, and corn, they were an ideal place to house Don Palomares's
prize cattle and horses during harsh winters. Due to their distance
from the Hacienda, these corrals were often raided by horse thieves
and cattle rustlers. Frustrated by the loss of his cattle, Don
Palomares began referring to the area as "San Dismas",
in hopes that the thieves would turn to Saint Dismas (the patron
saint of reformed thieves) and repent of their crimes. In time,
the name caught on, and the area was called San Dismas. Eventually,
the first 's' was dropped (in error) and the area became known
as San Dimas.
San Dimas Fixed Rate Mortgages
This is the most common type of mortgage
program. Your monthly payments for interest and principal never
change. Property taxes and homeowners insurance may increase,
but generally your monthly payments will be very stable.
San Dimas Adjustable Rate Mortgages
These loans generally begin with
an interest rate that is 2-3 percent below a comparable fixed
rate mortgage, and could allow you to buy a more expensive home.
However, the interest rate changes at specified intervals (for
example, every year) depending on changing market conditions;
if interest rates go up, your monthly mortgage payment will go
up, too. However, if rates go down, your mortgage payment will
drop also.
San Dimas Reverse Mortgage
A reverse mortgage is a special type
of loan made to older homeowners to enable them to convert the
equity in their home to cash to finance living expenses, home
improvements, in-home health care, or other needs. With a reverse
mortgage, the payment stream is "reversed." That is,
payments are made by the lender to the borrower, rather than monthly
repayments by the borrower to the lender, as occurs with a regular
home purchase mortgage.
San Dimas FHA and VA Mortgage Loans
There are many factors to consider
when applying for a government loan. We will be by your side every
step of the way. Below is some helpful information to help get
you started.
