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Michael Boito

President & CEO

Michael Boito is the broker and owner of MoneySafe Mortgage. Michael is a third generation mortgage broker with decades of lending experience. Michael began studying real estate while attending Cal State University Northridge. After completing his studies at CSUN, he started his real estate career as an entry level client support member for a large retail mortgage bank in West Covina, CA. Michael worked his way up within 6 months to become the regional branch manager of mortgage operations for the bank location. There is not a position in lending that Michael does not have a working knowledge of or hands on experience with.

 

Fast becoming a leader in the lending industry, Michael decided to open up his first mortgage brokerage in 2006 with his father. The focus was family service with a streamlined lending process. Michael and his father have over 40 years combined real estate experience and their company was a large success funding more than 100 million dollars in real estate loans. After many years of working with his father and following the birth of his child he moved north from Los Angeles to Sacramento to raise his daughter with his wife Jenifer and service the area he loves. Michael was born and raised in Northern California and was excited to bring his family back in 2010. In 2013 after years of meeting and building relationships with many local agents and clients, Michael opened up Sacramento City Mortgage—recently rebranded to MoneySafe Mortgage. Since opening, Michael has built a team of dedicated loan professionals that have the same commitment and excellence for service of the community.

 

“We share a desire to make lending a relaxed and informed customer experience,” Michael says of his company and employees. “The lending process should not be foreign to the homebuyer but be an experience that is simple and creates a knowledgeable homeowner," Michael concluded.

 

Although Michael is primarily in an ownership/managerial role he still has his hands in all phases of the company. This includes client relations, underwriting and funding of mortgage loans. You can trust your real estate finance needs and home purchase to this experienced professional. Call today for your home loan pre-approval.

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(916) 790-LOAN (5626)   |   info@moneysafemortgage.com

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©2022 MoneySafe Mortgage is licensed in CA | NMLS ID # 1198709 (www.nmlsconsumeraccess.org) | 725 30th Street, Suite 207, Sacramento, CA 95816 | (916) 790-LOAN | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act License # 60DBO88399 | Licensed as a mortgage broker under the Department of Real Estate. License # 01954813 For licensing information go to: www.nmlsconsumeraccess.org

 

Loans made or arranged pursuant to a California Finance Lenders Law license.

 

A preapproval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and approve a complete loan application after you are preapproved in order to obtain financing.

 

This is not a commitment to lend. Prices, guidelines, and minimum requirements are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.

 

This information is provided by MoneySafe Mortgage. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency.

 

For Reverse Mortgage: When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise, the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.

 

Inquiries? Email us at info@moneysafemortgage.com

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