MAKE YOUR DREAM OF HOMEOWNERSHIP A REALITY!
Paramount Residential Mortgage Group Inc. (PRMG) has continued to be a top leading lender in the mortgage industry. As a privately held mortgage company and residential home lender, PRMG has successfully helped many borrowers purchase and refinance their homes throughout the United States.
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What are the Benefits of home ownership?
Buying a home has long been considered a cornerstone of the American dream. Whether it’s your first, or one of many, getting a home loan to purchase a home is one of the most significant financial decisions you’ll make in your life. Many people decide to buy because of the benefits associated with homeownership.
HOME MORTGAGE TOOLS AND INFORMATION
Use our free Mortgage Calculators to quickly and easily estimate down payments, monthly payments, and more!
Take a look at our breakdown of up-to-date mortgage market rates, put together by our team or PRMG mortgage experts.
FIRST-TIME HOME BUYERS
Buying your first home can be a confusing process. We’ve put together a few tools and resources to help keep things simple.
Ready to learn more about the process of refinancing your home? Our tools and resources help explain the process.
Rob was excellent and I highly recommend his services. Without Rob, I may not have been able to purchase my first home. I listened to Robs expertise and did as he instructed me to do in order to be able to buy my home. He is very educated in the field and professional. He was very patient and calm with the process and worked with me and explained each step along the way. His entire team was excellent with communication. I am already recommending Rob to my friends and family. Trust was a big part of the process. I trusted Rob and listened to him. He and his team came through, with of course me doing my part per their recommendations, instructions, and expertise.
– Tiffani P
Yong and his team are absolutely great. He kept me informed throughout the whole process and always made sure I made the right decision. He listened to my concerns and explained everything thoroughly along the way. I am grateful for his expertise in the mortgage game and I would recommend him to anyone who is looking for a brand new loan or a refinance. Thank you Yong for all your help with a successful purchase of my new home!!!!!
– Dana Davila
Michael was great, always able to get in contact with him. He never stopped working to get the best rate possible. His staff always communicated well. Great first experience, will definitely use them again.
– Joseph Guntz
Tony is always pleasant, efficient and quick to respond when needed. His knowledge in the Real Estate and Lending field is excellent. When I found out the buyer’s lender was Tony and his team, it made me feel so confident about the lending side of the deal, and he did not fail; in fact he usually excels when it comes to making sure everything is completed on time from beginning to end. You don’t have to hunt him down or wonder what is going on.
– Michele Arancibia (Mickey)
Dennis and his team were so responsive and supportive throughout the process of purchasing our new home! We worked with the team to get prequalified, then when we found our dream home, Tina supported us through all the steps. To add to our appreciation of this team, they were able to process our loan quickly, so escrow closed 2 weeks early!
– Karen Stegman
My wife and I have used Carlos and his team twice, and both times, we have had a great experience. Carlos, Lily, and Jennifer are great. We will be using them again in the future for other loans! We recommend them to everyone.
– Dr. Michael Castro
Jerrod is excellent, would highly recommend his help. Though we didn’t end up selecting his lending firm in the end, it was not due to any reason of Jerrod, completely unrelated reasons. He answered all of our questions in great detail, did screen shares over zoom and was flexible in communication when calls were tough we would just text back and forth which was super nice. We may return to Jerrod in the future if we need a new loan or refi the one we ended up moving with.
– Jason Costanza
What is the Best Type of Mortgage?
When looking to purchase or refinance a home, there are many different types of loans to choose from. From Conventional and FHA Loans to Fixed and Adjustable Rate Mortgages, PRMG helped thousands of consumers just like you to get the best loan for their specific needs. Below, you can take a look at some of the most common Home Mortgage options.
Conventional Home Loans
A conventional loan is any mortgage loan that is not insured or guaranteed by the government (such as under Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs). Conventional loans can be conforming or non-conforming.
30 Year Fixed Rate Mortgage
A 30-year fixed rate mortgage is a home loan structure that establishes an unchanging interest rate throughout the course of the loan. The interest rate charged on the outstanding principal balance does not change month to month, guaranteeing a stable payment plan.
VA Home Loan Program
A VA loan allows active-duty service members, veterans and eligible surviving spouses to finance a home with no down payment, no mortgage insurance and lenient credit requirements. Understanding how a VA loan works will help you determine if it’s the right type of loan for you.
FEDERAL HOUSING ASSOCIATION LOANS
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. FHA home loans require lower minimum credit scores and down payments than many conventional loans, which makes them especially popular with first-time homebuyers.
Adjustable Rate Mortgage (ARM)
An adjustable-rate mortgage is a home loan with an interest rate that changes during the term of the loan. It may also be called a “hybrid mortgage” because it combines the features of a fixed-rate and an adjustable-rate mortgage into one loan. ARM’s start much cheaper than fixed-rate mortgages.
Reverse Mortgage loans
A reverse mortgage loan allows homeowners 62 years and older to borrow part of their home’s equity as tax-free income. Unlike a regular mortgage in which the homeowner makes payments to the lender, with a reverse mortgage, the lender pays the homeowner.