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McAdams Financial Services
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  • Debt Consolidations and Probate Buyouts

  • Purchase/Refinance

  • Jumbo & Conforming Loans

  • 1st Time Buyers

  • Construction Loans

  • Equity Lines of Credit

  • Commercial

  • Apartments/Multiple Units

  • EZ Qualifier

  • Owner/Non Owner

  • Purchase/Refinance

  • Fixed or Adjustable Rate Mortgages

  • Divorce or Bankruptcy O.K.

  • Quality Service and Customer Satisfaction

  • Notary Services
Escrow
Funds given to a third party to be held until specific conditions are fulfilled. Escrow usually refers to an earnest money deposit, and can also include a lender collecting and paying taxes and insurance on behalf of the borrower. An Escrow Payment is a percentage of a mortgagor's monthly payment that is held in trust by the lender to pay for insurance, taxes and other fees when they become due. An Escrow Reimbursement occurs when the Buyer reimburses the Seller for the current balance of the Seller's Escrow Funds.

Points
Origination fees charged by the originating Broker. Points may also be the discount fees charged by Lenders to increase the overall yield. A point is equal to one percent of the principal amount of your mortgage.

McAdams Financial Services offices are located in
Santa Barbara, Lompoc, Santa Monica, and San Diego.


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McAdams Financial Services
A California Licensed Mortgage Brokerage
217 East Anapamu Street, Santa Barbara CA 93101

phone 805.963.1496   fax 805.965.4328 & 805.965.2870
Copyright ©1997-2008, McAdams Financial Services.
All Rights Reserved.





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