Mortgage and Real Estate Programs for Buying, Selling and Refinancing

Let us make your dream come true with one of our many programs for qualified buyers.

• Reverse Mortgage Programs
• Home Equity Programs
• Refinance Programs
• Multi-Family Programs
• Commercial Programs
• FHA-VA Programs

We offer Free Consultation, No up-front fees, Free Pre-approvals and Free Credit Checks.

Your Initial Meeting with our Mortgage Professional

begins with an interview where you can discuss the type(s) of loans to meet your best potential. For qualified borrowers we offer a greater selection of diverse programs.
Additional Programs include

• No Credit / Bad Credit
• Great Credit Programs
• Past Bankruptcy OK
• 95% Financing
• No Income Check Programs
• First Time Home Buyer Programs
• Interest Only Programs
• Minimum Payment Programs
• Foreclosure Bailout Programs

First-Time buyers you may want to consider visiting a mortgage company before you do any house hunting. We can help you determine in advance how much you can afford and the mortgage amount for which you can qualify. This pre-qualification step can save you time and money. We will provide the proper pre-qualification paperwork for your house hunting experience.

The Mortgage Application will begin the work of verifying all of the information you provided. The application process can take anywhere from one to four weeks depending on the type of mortgage you choose, whether buying a home outside your local community or a host of other factors. Our professionals will provide you good faith estimates of closing costs, estimated monthly payment statements, cost of finance charges and numerous facts about your mortgage during the application process.

We continually stay in touch with our clients to ensure the application process moves smoothly and steadily towards your goal. A lot of home buyers find the closing process to be one of the most intimidating aspects of buying a home because it is so unfamiliar. We will prepare you, we will explain the process and you will know what to expect during the closing.

In addition to the exceptional customer service you will receive, our mortgage processor will organize all of your paperwork and will verify each document before presenting it to an underwriter. An underwriter will review all of the information in your loan file to determine if the application meets lender guidelines. With this approval, you will receive a letter of commitment, which is a promise from the lender to make a loan based on the specific terms and conditions.

These are some of the basics of your loan application process that our professionals will guide you through to the very end. Our preparation and painless programs will take the headache out of buying, selling and refinancing a home.

Home ownership should be an achievable dream, not a costly nightmare. Our mortgage and real estate programs offer savings, from initial fees to closing costs.

Fixed Rated Program

The Fixed Rate mortgage is the most common type of mortgage program available. Your monthly payments and interest never change making this a very stable program. Fixed rate mortgages are available in different varieties i.e. 10 years, 15 years, 20 and 30 year terms. Bi-weekly payments are also available for fixed rate mortgages. Fixed rate fully amortized loans have distinct features you should be aware of: The interest rate never changes throughout the life of the loan. Secondly, the payments remain level for the life of the loan and are usually structured to repay the loan at the end of the loan term. The most common fixed rate loans are 15 and 30 year mortgages.

Adjustable Rate Mortgage ( ARM )

Adjustable rate mortgages generally begin with an interest rate that is below the fixed rate and could allow you to buy a more expensive home. This interest rate adjusts accordingly and changes at specific intervals depending on the performance of the changing market conditions. Basically, if interest rates go up, the monthly payment will go up accordingly. If interest rates decrease, the monthly payment will decrease. These days there are a number of "adjustable" mortgages you can apply for and you should speak to your mortgage specialist to inquire about the new adjustable programs that are currently available.

Standard ARMS and your Options

There are few options that can fit your individual needs and your risk tolerance with the various market instruments. ARMS with different indexes are available for both purchase and refinance. You can choose an adjustable rate that reacts quickly to market conditions and lets you take full advantage of falling interest rates. An index that lags behind the market lets you take advantage of lower rates after market rates have started to adjust upward.

COSI and COFI loans are examples of adjustable rate loans that can change your monthly payment based on an index. Cost of Savings Index and Cost of Funds Index can be explained to you in detail by your mortgage professional.

London Inter Bank Offered Rate (LIBOR)

Your knowledge on the different types of ARM's is important. Here we want to explain the basic LIBOR terminology. The London interbank offered rate is the rate on dollar denominated deposits, also known as Euro-dollars, traded between banks in London. The index is quoted for one month, three months, six months as well as one year periods.

LIBOR is the base interest rate paid on deposits between banks in the eurodollar market. This market has been around for over forty years and is a major component of the international financial market.

The LIBOR rate quoted in the Wall Street Journal is an average of rate quotes by five major banks. The most common quote is the 6 month quote. LIBOR's cost of money is a widely monitored international interest rate indicator. LIBOR is currently used by Fannie Mae and Freddie Mac as an index on the loans they purchase.

You can contact us here.

1.347.294.4200