Newport Bay Mortgage, Inc.
 Knowing Your Needs...To Serve You Better

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Newport Bay Mortgage, Inc. offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

  • Mortgage - Mortgages breakdown into various different loan programs. Different loan programs are used for different loan purposes. Some loan purposes are PURCHASE, REFINANCE (with or without CASH OUT), LINE OF CREDIT (2nd Mortgage), REVERSE MORTGAGES for Seniors, etc. Newport Bay Mortgage’s staff has extensive experience in both Real Estate and Related Financial Services (Mortgage/Loan origination & processing, etc.). Our professional staff will assist you in determining what type of loan will best fit your needs in relation to your unique qualifications.

  • Refinance Mortgage - Refinancing a home is a great way to reduce overall monthly expenses and/or consolidate debts. It’s also a common financial vehicle to shift high-interest, non-tax deductible debt (such as credit cards) to a low-interest, tax-deductible loan. Refinances are commonly used for home improvements.
  • REVERSE MORTGAGES for Seniors - Borrowers age 62 and above can receive a reverse mortgage as a new mortgage or use it to refinance their current mortgage. You may receive a monthly income, a line of credit or a combination of both. The money can be used for any reason and you will NEVER have a monthly mortgage payment as long as you keep and live in your home. Income from Reverse Mortgages do not affect Social Security or other Benefits. Call today for a free evaluation.
  • Construction & 203k Loans - Most Construction Loans use 97% of Future Value (subject to County loan limits) as a standard guideline.

  • Loan Programs - Newport Bay Mortgage handles Conforming, Jumbo, VA, CALVET, and FHA. We offer no-cost Home Equity Lines of Credit as wells as Hard-Money 2nd trust deeds to Stop Foreclosure.
 



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $333,700 with closing costs of $6,337. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,500,000 with closing costs of $18,000. Your actual APR may be different depending upon these factors.