6 obstacles to homeownership—and how to overcome them
Homeownership remains a key part of the American…
Residential Mortgages
Helping first-time buyers get pre-approved and purchase their homes, while also assisting with refinancing.
Pre-Approval
Getting pre-approved for a mortgage is the first step toward buying your dream home. A pre-approval helps you understand how much you can borrow, gives you a clear budget, and shows sellers you’re a serious buyer. With the right pre-approval in hand, you can move forward confidently, knowing exactly what you can afford and avoiding surprises later in the process.
First-time Home Buyer
Not sure where to start!! It might be the perfect time to connect with an experienced mortgage broker who understands the process inside and out.
Let expert guidance bring you one step closer to the keys to your first home — with confidence and peace of mind.
Purchasing
Purchasing a home is one of the biggest financial and personal decisions you’ll make. Whether you’re a first-time buyer or upgrading to your dream property, having the right guidance and mortgage solution is key. We simplify the buying process by helping you understand your options, securing the best financing, and ensuring a smooth closing.
Refinance
Refinancing your mortgage allows you to take advantage of better rates, lower your monthly payments, or access your home equity for major expenses. Whether your goal is to reduce interest costs, consolidate debt, or free up cash for renovations, refinancing can be a smart financial move.
Home Equity Line of Credit (HELOC)
Flexible funding at your fingertips. A Home Equity Line of Credit (HELOC) offers a convenient way to access funds when you need them most—whether it’s for home improvements, education costs, or unexpected expenses.
Let our experts help you unlock the power of your home’s equity with a customized HELOC solution.
Why choose Prasad Manepalli
Professional &
Trustworthy
Professional and completely trustworthy, providing reliable services you can depend on with confidence
Excellent value and affordability
Offering the most competitive rates, connected with top lenders, and delivering best-in-class service.
Tailored solution with expert guidance
Get expert guidance and tailored solutions designed to meet your unique financial needs and goals.
Client First
Approach
We put our clients first by delivering personalized, impartial advice—built on active listening and clear, transparent communication.
Experienced
Experienced professionals with strong, established relationships with lenders and a proven history of successful approvals.
Looking to apply for your mortgage ?
Our Secure Application takes about 12 minutes to complete and is required to apply. You will be contacted once your application is submitted.
What Peoples Say
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Commonly Asked Questions
It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% or less. Any reduction can trim your monthly mortgage payments.
A point is a percentage of the loan amount, or 1-point = 1% of the loan, so one point on a $100,000 loan is $1,000. Points are costs that need to be paid to a lender to get mortgage financing under specified terms. Discount points are fees used to lower the interest rate on a mortgage loan by paying some of this interest up-front.
Yes, if you plan to stay in the property for at least a few years. Paying discount points to lower the loan's interest rate is a good way to lower your required monthly loan payment, and possibly increase the loan amount that you can afford to borrow. However, if you plan to stay in the property for only a year or two, your monthly savings may not be enough to recoup the cost of the discount points that you paid up-front.
The annual percentage rate (APR) is an interest rate reflecting the cost of a mortgage as a yearly rate. This rate is likely to be higher than the stated note rate or advertised rate on the mortgage, because it takes into account points and other credit costs. The APR allows homebuyers to compare different types of mortgages based on the annual cost for each loan.
Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate, guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
A credit scoring system awards points for each factor that helps predict who is most likely to repay a debt. A total number of points -- a credit score -- helps predict how creditworthy you are, that is, how likely it is that you will repay a loan and make the payments when due.
The most widely used credit scores are FICO scores. Your score will fall between 350 (high risk) and 850 (low risk).
An appraisal is an estimate of a property's fair market value. It is generally required (depending on the loan program) by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The appraisal is performed by a state-licensed appraiser trained to evaluate property values, location, amenities, and condition.
On a conventional mortgage, when your down payment is less than 20% of the purchase price, mortgage lenders usually require you to get Private Mortgage Insurance (PMI) to protect them in case you default. Sometimes, you may need to pay up to 1 year's worth of PMI premiums at closing.
Some buyers with sufficient income may struggle to make a 20% down payment. In such cases, 80-10-10 financing allows:
- 80% first mortgage
- 10% second mortgage
10% down payment in cash
The property is officially transferred from the seller to you at "Closing" or "Funding."
Closing may involve you, the seller, real estate agents, your attorney, the lender’s attorney, title or escrow representatives, and staff. If you cannot attend, an attorney can represent you. Closing may take 1 hour to several hours, depending on contingencies or escrow accounts.
“Prasad are really knowledgeable. Made for a great experience while buying our new house. Have referred them to friends and family”.