We believe every borrower deserves the most competitive mortgage available. Compare your options with confidence—we’ll review competing quotes, explain every detail, and work hard to earn your business with exceptional rates and honest advice.
Better Rates. Better Service. No Guesswork.
Competitive Mortgage Rates
We prioritize finding the best financing available for your goals—not just selling a loan.
Mortgage Calculator
How much can you afford? What does that monthly payment look like? Find out here.
Home Loan Options
We’re here to help you figure out which mortgage best fits your unique financial picture.
Compare Before You Commit
Use our mortgage calculators to understand your options before making one of life’s biggest financial decisions.
Peter Magana
Loan Officer  /  Real Estate Professional
NMLS #360514 Â //Â Corporate DRE #0203944 Reppezent Inc. // Brokers DRE 01212473
petermagana25@gmail.comOffice: (800) 215-4819Cell: (213) 842-6847
Career Profile
Real estate professional, entrepreneur, and executive leader with more than 40 years of experience in real estate sales, investments, lending, business development, and operations. Founder and owner of multiple companies, with a proven record of launching businesses, growing sales organizations, negotiating complex transactions, and managing real estate ventures across California, Texas, Arizona, and El Salvador.
Experience
Reppezent Inc. | Founder/CEO | 2016 to Present
RiskNoMore.com, Inc. | Chief Executive Officer & President | 2007 to 2010
Founded and led team of construction to Flip Homes, Directed daily operations across of negotiations and management, sales, marketing, legal, governance, and media relations while overseeing the management and sale of company-owned foreclosed properties.
DBC Global Founder/CEO Real Estate RWA Tokenization El Salvador 2022 to Present
Ayden Holdings, Inc. | Chief Executive Officer & President | 2001 to 2010
Managed day-to-day operations for an investment and development company focused on acquiring, renovating, and reselling properties. Negotiated property purchases, supported profitable resale strategies, and oversaw the construction division responsible for rehabilitation and sale preparation, as well as sales and processing teams.
Windsor Real Estate Services, Inc. | President & Executive Managing Partner | 1994 to 2010
Joined the real estate sales and loan brokerage company as a mortgage loan processor and advanced into executive leadership. Led expansion from one office to three locations, helped launch the company’s real estate sales unit, and managed day-to-day activities for sales, loan processing, and escrow closing departments.
Good News Financial | Sales Agent | 1990 to 1994
Marketed real estate loan products to first-time homebuyers and refinancing clients throughout the greater San Gabriel Valley and eastern Los Angeles County. Supported retail loan production and home sales service activities.
Ameron International | Supervisor and Senior Lab Specialist | 1980 to 2002
Built a 22-year career with a global paint and chemical manufacturing company, advancing from an entry-level position to a senior role within the Research and Development Division.
Education
Real Estate Courses and Seminars
- Principles of Real Estate
- Residential Construction
- Appraisal 1
- Real Estate Finance
- Real Estate Practice
- Real Estate Law
- Escrow, Title, and Contracts
- HUD/FHA Guidelines
- Los Angeles Society of Coatings Technology
Professional Licenses
- California Licensed Broker
- Lending
Personal Achievements
- Best-selling author recognized by The Wall Street Journal and USA Today
- Knighted in 2022 as Sir Peter Magana
- Founder of a nonprofit 501(c)(3) organization
- One Legacy Ambassador
- California Licensed Broker
- Featured in the documentary Beyond Optimal Living
- Beyondoptimalliving.com
Professional Affiliations
Professional affiliations and community involvement include Stay Connected Network Group O/C, Orange County Hispanic Chamber of Commerce, National Association of Realtors, NAHREP Orange County, MLS memberships, One Legacy Ambassador, Keck Medicine of USC Support Group, and Knight of the Royal Order Principality of Cappadocia.
Why Homebuyers Choose Better Life Lending
Buying a home or refinancing shouldn’t leave you wondering if you received the best deal. That’s why we encourage every borrower to compare options.
Bring us any competing quote, and we’ll review it carefully with you. If we can offer a better solution, we’ll fight to earn your business. If another lender truly has the stronger option, we’ll tell you honestly—and even help connect you with the right solution.
Our reputation is built on:
- Competitive mortgage rates
- Honest advice
- Transparent communication
- Fast, responsive service
- Long-term relationships—not one-time transactions
How the process works
Simple. Transparent. Competitive.
From your first quote to closing day, you’ll always know exactly where you stand. No surprises. No pressure. Just honest guidance and competitive financing.
Does renting or buying a home make more sense? Check out what is best for you by using our Rent vs Buy Calculator...
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Buying is cheaper than renting after
If you buy a house, after 3 years it will cost you $58 more per month and $5000 more in total than if you had rented.
But you will own in equity of your home with an appreciated value of .
If you buy a house, after 3 years you will have saved $58 per month and $5000 in total than if you had rented.
You will also own in equity of your home with an appreciated value of .
Buying will never be cheaper than renting
Home equity after
1 year
years
TOTAL COST
YEARS
Costs over
Monthly Cost (after )
Yearly Cost (after )
Total Cost (after )
Rent
Buy
Difference
$0
$0
$0
Rent
Buy
Difference
$3,019
$92,453
$89,434
Rent
Buy
Difference
$3,019
$92,453
$89,434
Estimated Costs
These costs are estimated based on the information under the advanced section. You may adjust these values to suit your particular situation in order to get a more accurate estimate.
Monthly mortgage payments
$
Homeowner's insurance
$
Private Mortgage Insurance
$
HOA dues
$
Property tax
$
Home repairs
$
Renovations
$
Closing costs
$
Yearly rent increase
%
Rental insurance
$
How We Calculate the Costs
Calculating the Cost of Renting
The cost of renting is relatively straightforward to calculate. It primarily includes your monthly rent payments and a few additional expenses:
- Monthly rent payments
- Security deposit (typically equal to one month's rent)
- Renters insurance (annual premium)
- Down payment
- Closing costs (typically 2-5% of the home's value)
- Monthly mortgage payments (principal and interest)
- Property taxes
- Homeowners insurance
- Private Mortgage Insurance (PMI) if applicable
- HOA fees (if applicable)
- Maintenance and repairs
- Home improvements and renovations
- Annual home appreciation rate: %
- Annual rent increase: %
- Renters insurance: $ per year
- Home maintenance and repairs: % of home value per year
- Home improvements and renovations: % of home value per year
- Selling costs when you sell the home: % of home value
