Eliseo Delgado
Eliseo Delgado Jr.

Eliseo Delgado Jr. Names Three Reasons You Should Refinance Your Mortgage

Leading real estate professional Eliseo Delgado Jr. shares his insight on refinancing mortgages and explains common reasons that prompt people to refinance. 

For more than 17 years, Eliseo Delgado Jr. has helped home buyers navigate the often tricky processes of securing and setting up their mortgages. Today, he runs a team of licensed loan originators with The Mortgage Guys from the West Coast and frequently shares his insight with readers to help educate them on their mortgages. Below, he names three reasons people may choose to refinance their homes:

When Your Mortgage Term Doesn’t Fit Your Lifestyle

“Sometimes you agree to terms that made sense at the time, but don’t really work for you anymore,” says Eliseo Delgado Jr. “You may be unsatisfied with the mortgage amount or unable to afford it anymore––job changes, layoffs, unexpected expenses, etc.. That’s when it’s time to reconsider the term you settled for and see what your lender can offer.”

Refinancing can extend the length of the loan and lower the monthly payments to something more affordable. The downside to extending your loan is often a slightly higher interest rate. Longer mortgages mean more money overall as interest must be paid during a longer period of time.

If for some reason you’re able to afford more money each month, it’s possible to shorten the term length and increase monthly payments to pay off a mortgage faster.

When You Need to Take Advantage of Your Equity

“While paying on a loan, you ultimately build equity that can help you out in dire situations,” says Eliseo Delgado Jr. “If you’ve paid $20,000 towards the cost of your home, interest rates aside, then you own a $20,000 portion of your house.”

Lenders can receive a cash-out refinance on their mortgages to earn money back if needed. If they’ve already paid off a sizable portion, it’s possible to refinance a new mortgage for a higher amount and receive that equity in cash upfront to cover looming expenses.

When It’s Time for Home Improvements

Many times, homebuyers move into a house and either encounter unforeseen obstacles or else find they aren’t as satisfied with their purchase as they were in the beginning. If that’s the case, it may be time to refinance and either seek out lower payments to cover new home improvement costs or else earn back equity to spend on house upgrades.

“People may come across a broken HVAC that needs to be replaced or feel they need to renovate a certain space to be satisfied with their purchase,” says Eliseo Delgado Jr. “However, as with any of these circumstances, lenders must understand completely how the new loan terms will affect them, and they should make educated decisions relying on the insight of experienced real estate professionals.”

Eliseo Delgado Jr.

The Mortgage Guys of California Find Success in Real Estate Professionals like Eliseo Delgado Jr.

At The Mortgage Guys, a team of highly experienced real estate professionals connect local house hunters with reliable and well-suited financing options, serving as a voice of reason throughout the process. Employees like Eliseo Delgado Jr. lead the company and share their professional insight, benefitting their real estate team and clients alike. 

For years, Eliseo Delgado Jr. has helped build up a reputable team of licensed loan originators that work with California-based homebuyers through The Mortgage Guys. The unparalleled offerings and experienced team there have allowed the company to excel and become one of the most respected mortgage assistance groups on the West Coast. 

Eliseo Delgado Jr. has been an instrumental component with The Mortgage Guys where he trains and builds up their loan originators, strengthening the core of the company’s offerings. His extensive understanding of the local real estate industry equips all employees for success and has helped Delgado earn a high reputation for strong leadership among his peers. 

“We’re all dedicated to our customers and want only the easiest and most beneficial loan transactions for them,” says Eliseo Delgado Jr. “We strive to go above and beyond expectations by doing things like reviewing loan payments of current home owners and investors and pulling every string we can to beat those terms.” 

California clients come to The Mortgage Guys for their full-service mortgage assistance, which had its beginnings in the industry back in 2013. Since then, they’ve expanded their offerings to provide residential mortgages, hard money lending, FHA financing, VA financing and other forms of guidance and assistance for homebuyers. The team behind The Mortgage Guys have refined their business by fostering a culture of partnerships in which all clients qualify for their assistance, no matter their individual walks of life. 

One of the major appeals to the real estate professionals of The Mortgage Guys is their willingness to answer all their clients’ questions and concerns up front. No matter the market fluctuations, the team is dedicated to discovering reasonable solutions that meet their clients’ needs. Eliseo Delgado Jr. and his team share an extensive knowledge base of contacts, spheres of influence, and general expertise to deliver better representation to their clients.

“We work hard on maintaining our existing relationships with lenders and constantly add in new lenders to continue providing all possible solutions for our clients’ varying situations,” says Eliseo Delgado Jr.

So far, the team at The Mortgage Guys have closed over $10 billion in transactions and have established strong, professional relationships with some of the country’s top lenders. Eliseo Delgado Jr. and other company leaders hire only truly qualified Loan Professionals to their team, which today consists of more than fifty licensed Loan Officers, many of whom rank as top producers in the nation.

 

Eliseo Delgado Jr

Mortgage Expert Eliseo Delgado Jr. Helps Readers Understand the Difference Between Pre-qualifications and Pre-approvals

A real estate professional based out of California, Eliseo Delgado Jr. has worked for years with The Mortgage Guys helping clients secure mortgages and find homes that fit their unique needs and preferences; Below, he helps readers understand the difference between pre-qualifications and pre-approvals and how they affect the home buying process

Eliseo Delgado Jr. receives rave reviews from his clients who have experienced his insightful real estate industry knowledge and his dedication to homebuyers first-hand. Many of his clients are unaware of the differences between pre-approvals and pre-qualifications, and he helps them understand how they differ and which they should aim to get.

“You’ll find some companies and agents use the terms pre-qualification and pre-approval interchangeably, but they mean very different things,” says Eliseo Delgado Jr. “Pre-approvals tend to hold a lot more weight with lenders and home sellers than pre-qualifications do, for starters.”

In order to get approved for a mortgage, Eliseo Delgado Jr. tells us, you have to first allow a lender to review your financial situation and determine that you’re eligible to make regular mortgage payments. During this time, the lender will also be able to determine how much money you can afford to borrow, how much the interest will be on a mortgage, and how low or high payments will be each month. This will ultimately allow you to narrow down your home search and find the right house that makes the most sense financially.

“Consider things from a seller’s perspective,” says Eliseo Delgado Jr. “They want to sell their home to someone who can afford the property and who will be able to make payments on time and make a smooth transition to the new owner. Without confirmation from a lender saying you can take on the house financially, it’s hard for the seller to take you seriously as a buyer. They’ll likely move on to someone else.”

When lenders talk about pre-qualifications, they typically mean that they’ve collected some basic financial information from a potential homebuyer and have estimated how much they can afford. However, this estimate is usually a ballpark figure and a rough estimate, to say the least. Sellers will want to see you working with a lender, and although lenders may hand out pre-qualification letters, they don’t have nearly as much value as a pre-approval letter.

Pre-approval, on the other hand, requires lenders to verify more solid information to verify your financial standing. They will likely look at W-2s, bank statements, and pay stubs. Through these, the lender can gain a more accurate picture of the types of loans you can get and how much you can afford overall.

“While they both can be useful when looking for a home, the pre-approval ultimately holds a lot more power and will be the one you want to get before speaking with sellers,” says Eliseo Delgado Jr.

Eliseo Delgado Jr.

Real Estate Professional Eliseo Delgado Receives Rave Reviews from Clients on Zillow

Eliseo Delgado Jr. has spent years building up the team of licensed loan originators at The Mortgage Guys, gaining a reputation for outstanding leadership and achieving extensive company growth. His work is highly appreciated by his clients, which is made evident on websites such as Zillow where they leave rave comments and reviews.

At The Mortgage Guys, Eliseo Delgado Jr. helps clients find quality and affordable housing while equipping his team for success long-term. He’s helped his company expand its offerings and grow into an industry leader on the West Coast. A proficient leader and real estate professional, Delgado established a positive reputation among his peers and clients, many of whom leave reviews on platforms like Zillow praising his work.

Zillow is a website where potential renters and buyers can find maps of available homes based on location searches. It provides housing market trends, home costs, photos and digital tours of its listings, and connects users with real estate professionals like Eliseo Delgado Jr. Also on Zillow, clients can leave reviews about the real estate professionals they work with, and the clients of Delgado have each given him a 5-star rating.

One satisfied client discusses his great experience working with Delgado during his purchase of a new home. He describes how professional Delgado was throughout the process and how he especially pays attention to detail. Another common review for Eliseo Delgado Jr. is his dedication to being informative up front and available to answer any and all questions during the process.

“Eli kept close communication and even would call just to let me know how everything was going with the home loan,” says one client. “Eli has a great team and are all professionals and have the same great work ethics. Eli was able to get me into my home in exactly 1 month from the time we made an offer to when I received the keys to my new home.”

One client had this to say about Delgado’s professionalism:

“I purchased my home using Eliseo, and then a year later I used him for a refinance. I was very satisfied with his work. He was always available when I called to ask questions, and if it was something he had to look into, he would get back to me in a timely manner. I feel as a buyer being in the loop and updated is important. He works hard to get you the best deal possible and I recommend him to anyone.”

Another satisfied client commented:

“My family and I were looking to purchase our new home. Eli helped us with our pre-approval, all the way up until closing. He was always available for any questions we had and he made the process as easy as possible. I highly recommend Eli if you are looking to buy a new home, especially new buyers.”

Eliseo Delgado Jr. is also careful to respond to each of his clients’ reviews, giving more details about his side of the transaction and thanking them. All in all, his clients agree that he’s the very definition of a professional and proves his dedication and care to clients through his work in real estate.

Eliseo-Delgado

Eliseo Delgado Jr. is a Leading Mortgage Lender with The Mortgage Guys in California

An experienced leader in the mortgage lending industry, Eliseo Delgado Jr. has helped train and build a reputable team of licensed loan originators while ensuring growth at The Mortgage Guys. His dedication has helped the company expand its offerings and secure a reputation as one of the best lenders in the industry.

Eliseo Delgado Jr. is a valued mortgage lending professional who has nearly two decades of experience in the field. As a result, he’s established a strong reputation for leadership and helps build and train new leaders at The Mortgage Guys, using his extensive understanding to equip all employees for success.

He helps countless homeowners and families understand the benefits of owning a home instead of renting property, and assists them in securing loans that meet their needs and expectations. At The Mortgage guys, he runs a team of licensed loan originators that follow in his footsteps and connect people with the most appropriate loans for their unique situations.

The Mortgage Guys is a full-service mortgage company that represents clients in California in a broad spectrum of classes. It had its start in the industry in 2013 and brought on valuable team members like Eliseo Delgado Jr. to establish the company as an industry leader. The Mortgage Guys offer residential mortgages, hard money lending, FHA financing, VA financing and many more. They’ve refined their business over the years by fostering a culture of partnerships in which all clients qualify for their needs. Today, the company is committed to helping clients understand the entire lending process and making sure transactions run smoothly and are completed thoroughly.

“We’re all dedicated to our customers and want only the easiest and most beneficial loan transactions for them,” says Eliseo Delgado Jr. “We strive to go above and beyond expectations by doing things like reviewing loan payments of current home owners and investors and pulling every string we can to beat those terms.”

Eliseo Delgado Jr. also says that regardless of any market changes, the team at The Mortgage Guys always has a solution for any scenario and is ready to answer all their clients’ questions and concerns up front. Their agents collectively share an extensive knowledge base of contacts, spheres of influence, and general expertise to deliver better representation to their clients. They are adamant about only bringing on truly qualified Loan Professionals to their team, and today are composed of more than fifty licensed Loan Officers with the majority ranking as top producers in the nation.

To date, The Mortgage Guys have closed over $10 billion in transactions and have established great relationships with top lenders around the country. All team members strive to ensure their company defines what a quality mortgage lender should be for both agents and clients.

“We work hard on maintaining our existing relationships with lenders and constantly add in new lenders to continue providing all possible solutions for our clients’ scenarios,” says Eliseo Delgado Jr.