Fixed-Rate Mortgages

With fixed-rate mortgages, your monthly payments for interest and principal never change. Property taxes and homeowners insurance may increase, but generally your monthly payments will be stable.

Fixed-rate mortgages are available for 30 years, 20 years, 15 years and even 10 years. There are also "bi-weekly" mortgages, which shorten the loan by calling for half the monthly payment every two weeks. (Since there are 52 weeks in a year, you make 26 payments, or 13 "months" worth, every year.)

Fixed-rate fully amortizing loans have two distinct features. First, the interest rate remains fixed for the life of the loan. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term. The most common fixed rate loans are 15 year and 30 year mortgages.

During the early amortization period, a large percentage of the monthly payment is used for paying the interest . As the loan is paid down, more of the monthly payment is applied to principal . A typical 30 year fixed rate mortgage takes 22.5 years of level payments to pay half of the original loan amount.

More to come...

Our Resume

AUDRA CAMACHO, REALTOR®, WCR

Audra Camacho has been helping people in Southern California achieve their goals for over 15 years. She has become widely respected for her energetic spirit and willingness to help those in need.

Throughout the years, Audra has blossomed as a principal clarinet teacher and a Mary Kay Sales Director. Her students and clients hold her in the highest regard, and Audra goes the extra mile to maintain her superior reputation.

Now, as a Realtor® for Realty Executives - East County, Audra has found a way to further help her friends and colleges. Taking her energy and organizational skills to a new level, Audra is on the fast-track to becoming one of Southern California's premiere real estate agents. By exercising her teaching skills, Audra is able to alleviate her clients' worries by simultaneously anticipating their needs, while patiently clarifying every development of their real estate transaction.

AARON RENO, DIR. TECHNOLOGIES

Aaron Reno has been working directly and indirectly with computer technologies throughout his career. Most recently, Aaron utilized his computer skills to develop company-wide systems at a multi-million dollar literacy company for children ages K-12.

After completing his undertaking in the field of education, Aaron then turned his attention to real estate. Although there are many products available to real estate agents, most are incomplete in their design or simply not "user-friendly." It has become Aaron's new mission to systemize the way in which real estate transactions are handled, thus enabling agents to avoid errors triggered by a lack of systems and/or proper organization.

His mission was able to take shape when he and Audra decided to combine forces and enter the real estate industry together. Utilizing Audra's refined awareness of customer service and Aaron's ability to create data systems, a new and improved way of visualizing and maintaining crucial data began to develop. This development led to increased efficiency, which in turn led to heightened productivity. These improvements can be witnessed firsthand upon the initial meeting with either partner.