Let Us Help You Buy Your New Home!
Purchasing a home is a very exciting time, and being well
prepared will help you make better decisions. Take this
opportunity to learn more about home buying and the mortgage
process. Below and throughout this site you will find
information that will help you with the purchase of your new home.
Am I ready to buy?
Buying a home offers many advantages, one of the most
significant being that it allows you to build equity (ownership)
when you pay your mortgage each month. A common myth is that
monthly mortgage payments are more expensive than rent. But,
in many cases, mortgage payments can be even less than rent.
When considering home ownership for the first time, you need
to decide whether buying makes financial and practical sense
for you right now or if you are better off renting. Consider
both the advantages and disadvantages to renting as well as
buying, and weigh the pros and cons for your situation.
How much house can I afford?
The first step toward finding the right home is to
quickly compute your purchasing power and determine how
much you can afford to pay each month. This saves you
time by allowing you to focus on homes in your price range.
In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
Some up-front costs include:
Down payment: Typically ranges from 3-30% of
the cost of the house. The more you can put down, the
greater equity you will have in your home and the lower
your monthly payment will be. For down payments less than
20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-6% of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
Monthly mortgage payment
If applicable - Flood Insurance
If applicable - Property taxes
Free Rate Quote!
Get free rate quote and closing cost analysis. Use our 3 Step form to get started!
Our Happy Clients
"Mark Stillman made the refinance experience easy. He assisted with getting rid of the HERO loan and provided updates on the status of our loan. Any messages sent he replied in a timely fashion. My wife and I are very happy with the results. We will be using Mark again for our future purchase. I will be recommending Mark to my family and friends. Mark thank you for the excellent customer service."
"We had a fantastic experience working with Mark. Will refer all our friends, and will return to him in the future. He with very informed, very patient, and delivered on everything. Highly recommend!"
"Mark was patient working with me. When I did not like the terms of the first loan he diligently looked for another loan that matched exactly what I was looking for. He was able to pay of my hero loan, save me $150 on my mortgage payments, switch me from an FHA adjustable loan to a 30 year fixed conventional loan. I also got to skip two months of mortgage payments. Whenever I had a question he was quick to respond. I would highly reccommend Mark. Thank you!!!"
"Mark handled all details professionally and in a timely manner. I was happy with the mortgage rate and with his prompt answers to all questions and concerns."
"Mine was a refinance transaction that included paying off a HERO energy loan. Believe me, after shopping for brokers/lenders to work with, you must find someone who knows the ins and outs of dealing with this type of financing - energy efficient home upgrades repaid via your property tax billing. I certainly found one with Mark Stillman at Oso Creek Financial. Mark's advice was invaluable and he guided the transaction in a very professional way. I and my house are in Northern CA. Mark is in SoCal, but that never ever became an issue. Mark/Oso Creek utilized digital solutions that made everything super efficient."
"Mark Stillman helped us refinance our mortgage. His experience, especially when dealing with a HERO program, was truly appreciated. He made the whole process quick & stress free. He was always available for any questions. I highly recommend his services."
"I worked with Mark to refinance our mortgage. He was ALWAYS available for any questions or concerns we had. Mark was very responsive and committed to making sure we were satisfied during the entire process. A huge thank you to Mark and his team."
"Mark proved to be an amazing loan agent for our recent home purchase in Lake Arrowhead, CA. He was able to work with our circumstances and overcome many challenges the lending bank presented. Mark was informative, quick to respond, and in constant communication with our real estate agent. We would definitely recommend him to anyone looking to obtain a home loan and will absolutely use him again should we decide to refinance any time in the future."
"Mark did a great job sticking with me on a very difficult loan process. The entire process took almost a year and we had to research many options - but finally found one that made sense for me. Thanks so much!"
"Mark Stillman was focused, knowledgeable and efficient from beginning to end of the loan process. Early on, Mark listed required documentation to be submitted to underwriting. This was a refinance and Mark was very helpful in analyzing income to set a realistic goal for the loan amount."