Torrance is a beach city situated in the South Bay region of Los Angeles. Its 1.5-mile beach faces the Pacific Ocean, and the city has a moderate climate year round. It was once named the most business-friendly city in Los Angeles County in 2016 by the Los Angeles County Business Federation and for a good reason. Torrance is home to a number of manufacturers, including the Honda, Alcoa Fastening Systems, Robinson Helicopters, and Honeywell Aerospace, among others.
The median sale price of houses in Torrance has risen to $751K in March from $740K in February. Housing is also the biggest factor in the cost of living in the area owing to its steep cost. Despite the prohibitive price tag, Torrance home values have actually declined -0.6% over the past year, but real estate market place Zillow predicts they will rise by 0.1% in 2020.
As of Friday, April 26, 2019, the mortgage rates in Malibu are 4.29% for a 30-year fixed mortgage and 3.84% for a 15-year period. For adjustable-rate mortgages (ARM), the rate is 4.79%.
Julie Aragon. Operating out of nearby Santa Monica, Julie Aragon is composed of a team of brokers, who offer various mortgage products from different fund sources. According to the company, it has brokered the release of some $533 million in loans so far. It combines online and live consultation and services the entire Los Angeles area. It is also one of the highest-rated providers of mortgage and loan products in the area.
Shawn Carvin. Is a senior mortgage banker with Pacific Lending, LLC in Torrance, California. It is a Fannie Mae, Freddie Mac, FHA, and VA mortgage lender local to Torrance, but also services the Greater Los Angeles market. Shawn handles all types of residential mortgages, mortgage refinancing, and reverse mortgages for home buyers with all credit and income profiles, including jumbo loans of up to $2 million.
CNMR Group. This is a mortgage and real estate firm that has been in the market for 15 years. It offers residential and commercial loans, refinancing, and real estate sales for both commercial and residential properties. According to the company, its portfolio lenders include investors such as private lenders, banks and life insurance companies and it offers commercial financing for up to $20,000,000.
CB Loans. This lender offers home purchase loans, refinancing, VA loans, reverse mortgage, bank statement loans, and fixed-rate mortgage. It is based in Redondo Beach, but services Torrance and is one of the most highly rated lenders in the area. Its website’s functionality is not cutting edge, but it features online application, calculators, and real-time rates.