Senior Mortgage Consultant
30- and 15- year terms are available with fixed rates.
Buy a home with as little as 5% down (primary home).
Refinance up to 95% of your primary home's value.
Monthly payments remain the same for the entire loan term.
3/1, 5/1, and 7/1 ARM's. Monthly payments based on a 30 year repayment schedule.
Provides borrowers with flexible lending options.
The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.
3.50% down payment required on purchase.
Minimum credit score usually 620.
Post-bankruptcy qualifying - 2 years after.
Post-foreclosure qualifying - 3 years after.
No monthly mortgage payments - now you can afford to stay in your home (you still pay your taxes and homeowners insurance, and must maintain your home)
Line of credit (provides you safety for large unexpected expenses)
Not personally liable for loan (your home is the only recourse the lender has)
Competitive interest rates that are routinely lower than conventional rates.
Sellers can pay up to 6 percent of closing costs and concessions.
Higher allowable debt-to-income ratios than for many other loans.
0% down payment required on purchase.
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