NMLS: 251061
7643 N. Ingram Avenue Suite 107
Fresno, California 93711
(408) 209-6200
State Licensing Information: CA-CA-DOC251061
The road to homeownership can be bumpy, but the ride is well worth it. As a new homeowner, you’re on cloud nine with your major life achievement and attainment of financial security. Yet, the road as a homeowner can also be filled with speed bumps and other pitfalls....
After a period of sustained mortgage rates that dropped to historic lows, you might be asking yourself about the current state of rising mortgage rates and what you can do about them. Some factors are simply out of the consumer’s control when it comes to fluctuations...
Premier Mortgage Resources, LLC is not affiliated with or an agency of the federal government. The material is not provided by, nor has it been approved by the Department of Housing & Urban Development (HUD), the Federal Housing Administration (FHA), or any Government agency.
All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied.
This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Any programs shown do not demonstrate all options or pricing structures. Not all customers will qualify. Terms, programs, and underwriting policies are subject to change without notice. Some products or loan amounts may not be available in all states. Other restrictions may apply.
Refinances
By refinancing your existing loan, the total finance charge may be higher over the life of the new loan.
100% Financing Programs
The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. You should consult a tax adviser for further information regarding the deductibility of interest and charges.
ARM Loans
After the initial fixed-rate period on an Adjustable Rate Mortgage (ARM) loan, your interest rate may increase periodically (annual or semi-annually) according to the market index. If the interest rate resets, your monthly mortgage payment may increase.
Lower Rates
Lower rates typically have higher closing costs in the form of discount points.
About HECM (Reverse Mortgage)
At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or you must otherwise repay the reverse mortgage with interest from your other assets.
We may charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which will be added to the balance of the reverse mortgage loan
The balance of the reverse mortgage loan grows over time and interest is charged on the outstanding loan balance.
You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and therefore you are responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may be subject to a tax lien or other encumbrance or to possible foreclosure; and
Interest on a reverse mortgage is not deductible from the person’s income tax return until the person repays all or part of the reverse mortgage loan
Reduced Documentation loans (No Doc, No Income/No Asset, Stated Asset, No Ratio)
These products may have higher interest rate, more points or more fees than other products that require more documentation, including income documentation.
Tax Exemption/Deduction
Any statements regarding tax deductions or exemptions are for information purposes only. Always consult a tax advisor regarding your specific tax situation.
Opinions
Any opinions expressed within blogs, videos, podcasts, interviews, presentations, or other online content are solely the opinions of the individual/author and do not represent the opinions or policy of Premier Mortgage Resources, LLC.
Texas Complaint-Recovery Fund Notice
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT http://WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT tel:18772765550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMNT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT http://WWW.SML.TEXAS.GOV.
It was a pleasure working with your office in refinancing my existing loan to a lower mortgage rate. The online process was relatively easy and made it convenient for submitting the necessary paperwork from home. The whole process only took about 30 days to complete and resulted in a saving of $350.00 from my previous mortgage. I would like to thank Sharan Virk from your office who made it happen.
When every other loan officer let us down on refinancing our jumbo mortgage during this pandemic, Ms. Petrucelli came through with excellent communication, rapid response and a decent refinance %. She and her team are a pleasure to do business with. My husband and I give HIGH recommendations and have complete confidence in her skills.
I am a realtor and Toby and I have worked together on a few transactions. She is fantastic! I love how well she educates our clients. She is high energy and so wonderful to work with. She is on top of all her check ins so we know what's going on with the loan every step of the way. I know a transaction is going to go smoothly with Toby on my side and I am excited to work with her again real soon!
It’s a great pleasure refinancing our mortgages through your office and getting our houses lowest interest rates we can only dream about, and working with your staffs, especially Sharan Virk who made the process very easy and convenient, Sharan picks up her phone or return calls within few minutes, your entire staffs are the best we ever work with. Toby you are the best, you are way ahead of other lenders by miles
Great company to work with, they definitely had our best interest in mind with their recommendations. Responsive and professional every step of the way!
Very helpful, answers questions quickly, gets you the best rates, and closes efficiently. You can't beat this team!
Toby is THE best…. along with her team. This can be an intimidating process but they helped us with such clarity, kindness and professionalism. We are so grateful.
Toby and her team are absolutely amazing!! I have been working with Toby for over 15 yrs and she consistently delivers an exceptional experience for my clients and I on every deal! She has loan products for every type of loan, she is efficient with the process and you will love her customer service!! I will always refer clients with confidence!!
Toby and her team are wonderful and professional! The Toby Team has handled 3 purchase and/or refinance events for us and we’ve never been disappointed! We truly appreciate them!
We had such a great experience refinancing our home with Toby and her team. Everything was done quickly and easily online. Toby was always readily available to answer all our questions. We would recommend her to anyone going through the home buying process.
Thank you for all you and your team did for us to get our forever home!
Toby Petrucelli and her team are great. They helped us obtain financing with transparent information and excellent communication throughout the process. I want to thank Toby for making the loan process a great experience.
Toby and team have completed a home loan application for us and it could not have gone more smoothly. They made the process painless, communicated effectively through every step of the process and were always available to answer any questions. We requested a 20 day close which was a stretch for all involved, they were able to support that request with no delays. We will always rely on Toby hand her team for any future transactions.