East Palo Alto Mortgage

4QuotesFast.com is the leader in East Palo Alto mortgage loans and home loans for residents of the state of California. We work with East Palo Alto numerous mortgage brokers and mortgage lenders nationwide to make sure you always get the lowest rate on your loan.

For most of its history, East Palo Alto was part of unincorporated San Mateo County. As such, it did not have an official boundary until it incorporated in 1983. However, the area historically regarded as East Palo Alto was much larger than the city's current 2.5 square miles. (See map.) Large tracts were annexed by Menlo Park and Palo Alto from the late 1940s to the early 1960s. The original inhabitants were Ohlone/Costanoan Native Americans. Spanish ranchers took over, followed by Caucasian speculators and settlers. For a time Chinese laborers were prevalent. Asian and Italian flower growers preceded the flood of middle-class Caucasians drawn to post-war housing developments. East Palo Alto later became the largest African American community on the peninsula. Today the city possesses a multi-ethnic population which includes a large number of Hispanics and Pacific Islanders. Trade has alternately focused on ranching, transportation and shipping, brick manufacturing, farming, servicing travelers of Bayshore Highway and Dumbarton Bridge, and flower growing. At present there is a mix of small industrial, agricultural and commercial businesses. The estimated population, in 2003, was 31,915.

http://www.ci.east-palo-alto.ca.us/welcome.html - Other helpful information

Our mortgage brokers will pre-qualify you to buy East Palo Alto real estate. Mortgage interest rates are always changing and you can qualify for a California home loan regardless of your credit history!

Get pre-qualified for a California home loan and increase your chance of putting in the strongest offer on your dream home in East Palo Alto.

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East Palo Alto 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.

East Palo Alto 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.

East Palo Alto 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.

California 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.