Edwards Air Force Base Mortgage

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Edwards Air Force Base is a USAF airbase located on the border of Kern County and Los Angeles County, California in the Antelope Valley, 7 miles (11 km) due East of Rosamond, USA at 34°57'N 117°52'W. An airbase since 1933, Edwards' has long been a home for flight research and testing and has subsequently been home to many of aviation's most important and daring research flights. Originally known as the Muroc Army Air Field, the base was renamed in 1950 in memory of test pilot Glen Edwards, who died while testing the Northrop YB-49. The base is strategically situated next to Rogers Lake, an endorheic desert salt pan; its hard playa surface provides a natural extension to Edwards' runways. This large landing area, combined with excellent year-round weather, make the base an excellent site for flight testing.
Designated as the Air Force Flight Test Center (AFFTC), Edwards is home to the United States Air Force Test Pilot School and NASA's Dryden Flight Research Center. Almost every United States military aircraft since the 1950s has been at least partially tested at Edwards and Edwards has been the site of many aviation breakthroughs as a result.Notable occurrences at Edwards include Chuck Yeager's famous flight where he broke the sound barrier in the Bell X-1, test flights of the North American X-15, the first landings of the Space Shuttle, the 1986 around-the-world flight of the Scaled Composites Voyager, and origination of Murphy's law. The base is also one of the largest purchasers of renewable energy in the nation, deriving 60 percent of its electricity from renewable sources, and is a lead partner in the U.S. Environmental Protection Agency's Green Power Partnership.

http://www.co.kern.ca.us/ - Other helpful information.

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Edwards Air Force Base 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.

Edwards Air Force Base 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.

Edwards Air Force Base 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.