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Financing

List of Real Estate Financing Options

Purchase
Refinance
Property Types:
· Single Family Residence
· Condominium / Townhouse
· 2-4 Units
Occupancy:
· Primary Residence
· 2nd Home
· Investment Property

Mortgage Amounts: $50,000 – $10,000,000

Mortgage Programs:
  • Jumbo Portfolio
  • Interest-Only
  • Cash-out Refinance
  • VA
  • First-Time Homebuyers
  • 30, 25, 20, 15, 10 Fixed
  • HELOC
  • LLCs
  • Bank Statement
  • Reverse Mortgage
  • Construction
  • Private Money
  • No Fico
  • Foreign National
  • 40 Year Term

Apply for A Refinance Consultation

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Reasons to Cash-out Refinance

  1. Pay-off Higher Interest Debt
  2. Establish a Cash reserve AKA rainy-day fund
  3. Property Renovations
  4. Purchase Additional Properties
  5. Gift to Children
  6. Invest in non-Real Estate Assets
  7. Establish a medical expense fund
  8. Establish an education fund

TYPES OF MORTGAGES

Conventional
1-3% Down
No Mortgage Insurance
1-4 units
Cash-out
Student Loan Payoff
Non-Owner Occupied
Self-Employed Borrower
Government
FHA/VA
No FICO
Rehab/203k
100% Financing
SBA
Reverse MTG
Down Payment Assistance
Portfolio
Construction
Stated Income
Jumbo
HELOC
Alternative Income
Bank Statement
I/O

Foreign national, LLC, corporations, Trusts, Foreclosure, Short Sale, Notice of Default, Non-Permanent resident, Bankruptcy, Business Loan, Non-warrantable condo – OK

FAQ

Cash-Out refinance Vs. Home Equity Line of Credit (HELOC)

A Cash-out refinance is simple. You receive one lump sum and have one payment. A Home Equity Line of credit is a variable type of loan. There is a certain allowed period to draw from like a credit account and this draw period can be suspended at any time, there is an interest-only payment period, and a borrower received a teaser rate fixed for a short period of time and thereafter the monthly payment adjusts. Expect a payment shock with a HELOC compared to a fixed payment with a cash-out refinance.

Do I pay taxes on funds received from a cash-out refinance?

No, a cash-out refinance is a mortgage which is not taxable income. Your yearly mortgage interest is tax deductible.

What is an interest-only mortgage?

A borrower agrees with the lender to pay a mortgage payment of solely monthly interest. A borrower can apply additional funds to the interest-only payment at any time but is not required to do so.An interest-only payment period is not set for the life of the mortgage.

Are all mortgages interest rates the same?

Mortgage interest rates vary depending on the mortgage product. Mortgage interest rates vary depending on equity or down payment, FICO score, income documentation, property type along with additional items dependent on the lender.

What is a mortgage broker?

A mortgage broker works on a borrower’s behalf, a broker compares numerous lenders to findthe best mortgage product that fits the needs of the client. The job of a mortgage broker is to save a borrower time and money. In contrast, a bank’s loan officer will offer onlymortgage products and rates from a single bank.