WHAT MAKES RIZE MORTGAGE &
RALPH ALMODOVAR DIFFERENT?
Ralph Almodovar has achieved the "Top 1% Producer" title in the United States by Scotsman Guide in 2020 and 2021.
Rize Mortgage knows that financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process, from application to closing and beyond. Whether you’re looking to buy, build, or refinance your home, our experienced mortgage professionals are here to help.
Here at Rize Mortgage Corporation, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, our mortgage professionals are dedicated to finding the right loan with great rates, terms, and costs to meet your specific needs.
I am Ralph Almodovar, and I look forward to putting our mortgage service to work for you!
I WILL BE HERE FOR YOU FROM START TO CLOSE.
How does it work?
CALL
Schedule an introduction call with Ralph to answer some simple questions about your mortgage goals.
APPLY
Get started on your mortgage journey by applying for the loan that best suits your needs.
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CLOSE
As our Tech & Team gather info preparing for your approval, sit back, relax and plan your closing date.
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THE TYPES OF RIZE LOANS
FIXED-RATE
MORTGAGE
RATE: FIXED
Interest Rate and monthly payments remain the same for the entire term of the loan. Protection against rising interest rates.
BEST IF YOU: Plan on staying in your home for an extended period of time.
JUMBO MORTGAGE
RATE: FIXED OR ADJUSTABLE
Purchase a more expensive property. Variety of terms available. Jumbo Mortgages are BACK!
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BEST IF YOU: Purchase a property above the conforming loan limits. $647,200 in most areas.
RENOVATION
MORTGAGE
RATE: FIXED OR ADJUSTABLE
Rolls the cost of upgrades and a home purchase or refinance into one loan
BEST IF YOU: Own or want to purchase a home that needs repairs or renovations.
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ADJUSTABLE-RATE
MORTGAGE (ARM)
RATE: ADJUSTABLE
Homeowner could potentially lower their monthly payments with the lowered interest rates. The initial interest rate is typically fixed for 3-10 years.
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BEST IF YOU: Plan on selling or refinancing within a few years.
FHA LOAN
RATE: FIXED OR ADJUSTABLE
Low down payment options. Flexible income and credit requirements.
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BEST IF YOU: Are a first-time homebuyer or have a limited amount of funds for a down payment.
REFINANCE
RATE: FIXED OR ADJUSTABLE
May be able to refinance to a lower interest rate. Consolidate debt. Turn your home equity into cash.*
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BEST IF YOU: Already own a home and want to restructure your mortgage to fit your current financial situation.
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CONVENTIONAL
MORTGAGE
RATE: FIXED OR ADJUSTABLE
Lower interest rates. Fewer penalties and fees. Second home purchase options.
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BEST IF YOU: Have good credit and a larger down payment to possibly receive lower rates with more flexible terms.
VA LOAN
(VETERANS)
RATE: FIXED OR ADJUSTABLE
Low to no down payment. Low income and credit requirements. No mortgage insurance.
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BEST IF YOU: Are active-duty military, a veteran or military spouse.
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REVERSE MORTGAGE
RATE: FIXED OR ADJUSTABLE
Withdraw a portion of your home’s equity. Paying monthly mortgage payment is optional (must continue paying taxes, insurance & maintenance payments). Purchase a home that better suits your needs.
BEST IF YOU: Are 62 or better and want to turn your home equity into tax-free** cash without having to make monthly mortgage payments.
Homeownership is one click away.
*Appraised property value may affect loan amount.
**The cash from equity is usually tax free. This information does not constitute tax advice or financial planning advice. Please consult a tax advisor for tax advice and a financial planner regarding enhancements to retirement plans. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. Must be at least 62 years old. Loan proceeds are not considered income and will not affect Social Security or Medicare benefits. Your monthly reverse mortgage advances may affect your eligibility for some other programs. Consult a local program office or your attorney to determine how, or if, monthly reverse mortgage payments might affect your specific situation. At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage with interest from your assets. We will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which we will add to the balance of the reverse mortgage loan. The balance of the reverse mortgage loan grows over time and interest will be charged on the outstanding loan balance. You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and you are therefore responsible for paying property taxes, insurance, and maintenance. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately. Interest on reverse mortgage is not deductible to your income tax return until you repay all or part of the reverse mortgage loan.