Conventional

Debt Consolidation

Adjustable Rate Mortgage

Non-Conforming and Jumbo

CONVENTIONAL     

Conventional loans are mortgages that are not covered by any government program of insurance or guarantee. Such loans may be eligible for purchase by the major secondary market agencies Fannie Mae and Freddie Mac which offer standardized underwriting guidelines for conforming loan amounts up to $359,250. These loans can carry fixed or variable (ARM) rates and a variety of repayment terms that can be tailored to your individual needs. Down payment requirements may be as little as 0%, although loans with less than 20% down require mortgage insurance. Generally, these loans do not have prepayment penalties.

Call today and ask about our 100% financing for purchases and ask how can I be exempt from paying PMI.

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DEBT CONSOLIDATION

How Does Debt Consolidation Work?

Here's an example; If the current Appraised Value of a home is $200,000 and the principal balance is $100,000 the difference of $100,000 is the equity balance. (Note; in order to avoid required PMI, or Mortgage Insurance, a 20% equity position must remain). Therefore we can reduce the $200,000 appraised value by 20% thereby reducing the "usable value" to $160,000. The difference between the usable value (160,000) and the principal balance (100,000) is, of course, $60,000 -- this amount can be used to pay off almost any other existing loan including

• 2ND Mortgages
• High Interest Credit Cards
• Pool Loans
• Personal Loans
• Student Loans
• Medical Bills
• Car Loans
• Boat Loans
• Furniture Loans...
• ...and much more!

Equity can also be " Cashed Out " from a refinance loan and used in full or in part for home improvement, or even deposited into 401k investments, or stocks/money market funds

Some of the key advantages associated with Debt Consolidation;

• Paying off high interest rate credit cards.
• One loan, with one low monthly payment.
• Interest portion of mortgage payments are tax deductible.
• 2ND Mortgages can be rolled into the reduced rate 1ST Mortgage. 

There are no significant drawbacks to Consolidating Debt, or cashing out equity. However, it should be noted that a considerable amount of equity is necessary to maximize the potential benefits and savings.  

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Following Are Two Samples Of Debt Consolidation Results:

EXAMPLE #1

Debt Consolidation Results

*** TOTAL SAVINGS *** $491 Per Month!!! ***

EXAMPLE #2

Debt Consolidation Results

*** TOTAL SAVINGS *** $653 Per Month!!! ***

ADJUSTABLE RATE MORTGAGE

Available on Conventional Loans.

An Adjustable Rate Mortgage (ARM) features a variable interest rate, which is periodically adjusted.

ARMs may provide the security, flexibility and affordability prospective homebuyers desire. These loans are especially attractive to homebuyers who plan to trade up in future years. Generally, initial interest rates are lower than on fixed rate mortgages.

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NON-CONFORMING AND JUMBO

If the anticipated amount of your mortgage loan exceeds the maximum amounts permitted by other programs, we offer a variety of mortgage options, which will meet your needs. So-called non-conforming jumbo loans may be up to $1.0 million and can be either fixed or adjustable rate mortgages. Underwriting guidelines may vary depending on program selected, down payment and actual loan amount. Repayment options also vary, enabling you to select a mortgage that fits your budget.

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