Ed Magnaye
Phone: 626-453-5258

Ed@MajesticHomeLoans.com

Hello, Im Ed Magnaye.  I live in the Corona area of Southern California and I specialize in helping the filipino community find, buy, sell and finance real estate and investment property in Corona area of California.  I moved here from the Philipines a few years ago, and with my accounting background, a career in loans and real estate seemed to fit.  I primarily work with the filipino community and word of mouth is my advertising.  Call me to help you feel comfortable with your next home purchase, refinance, or home sale, I speak Tagalog the main language of philipinos and am a professional filpino realtor help to help you.

While the media discusses how to save money on a mortgage, I educate my customers on how to use their home to accomplish goals in their live.

Areas of Expertise: 

Over the last five years I've been providing a lot of 100% financing home loans.  Because the increase in home prices for the southern california area many of my mortgage clients did not have enough savings to even put a dent in the monthly payment by using a downpayment.  So I've recommended to use their savings as a cash reserve for future mortgage payments and to purchase using a no money down loan that I have access to.  100% house financing is not for everyone, I need to find out your financial situation to plan for your housing expenses and qualify you for a home loan.

So my expertise is in customer service and finding the best loan to fit your current needs.  At this time for probably 75% of clients that has been through 100% loans, loans that are fixed with interest only options and short term fixed financing that turns into an adjustable loan in a certain period of time, these loans are ones such as: 5/1, 7/1,10/1. For people who expect to have a higher income in the near future, 5,7,10 years down the road, they can take advantage of this money saving mortgage and apply for a loan with a smaller interest rate so they will be qualified for a home larger than they can currently afford,

Stated income mortgage loans have been super popular loans for a few years now, however the guidelines for these loans have been tighened. Originally made for the wealthy who didn't have time to gather 5000 pages of tax documents and spend a month finding all of their companies records - they could simply "state" their income and banks said ok, a reminder that these loans are normally for people who have good to excellant credit scores and are typically self employed business owners, commission based salespersons, and people who have fluctuating income from month to month.  Their are state income loans for people who have regular w-2 job income - inquire with us on these types of home loans.