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| Conforming Refinance Products |
| Conforming Purchase Loans |
| Jumbo Products |
| Challenging Credit Products |
| Investment Products |
| 2nd mortgage products |
| Non-verified income |
| Reverse Mortgages |
Rates last updated on Monday, August 13, 2007
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Conforming Refinance Products
Whats HOT?
Are you in an Adjustable Rate Mortgage still? TIME TO REFINANCE!
Interest Only Products - Havent refinanced yet? Look here!
Refinancing with FREE Home Equity Line of Credit to eliminate PMI.
Combining a 1st and 2nd together? Remember, PMI is now tax deductible. Consult your tax advisor.
Term: 30 years
Maximum Amount: $417,000
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Conforming Purchase Loans
NEW....100% financing available! Seller can pay all closing costs- WHY RENT?? You could move in with ZERO money down!
80/10/10 options... 80% 1st mortgage, 10% second mortgage and 10% down payment.
100% financing still available, with and without PMI.
Remember, PMI is tax deductible now. Consult your tax advisor.
Adjustable rate and fixed rate mortgages with Interest Only Options.
No verification of income, assets, employment options available.
Literally no reason anyone should not be a homeowner!
Term: 30 years
Maximum Amount: $417,000
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Jumbo Products
Great rates!
Fixed and adjustable rates available.
Creative financing to avoid PMI or to reduce 1st mortgage below $417,000 to qualify within the conforming loan limit.
Interest Only Options making jumbo loans very attractive for alot of borrowers.
Term: 30 years
Maximum Amount: $5,000,000
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Challenging Credit Products
Alternative loans available for ALL types of credit situations!
Bankruptcy/ Foreclosure OK
Mortgage rating only products - good for poor consumer credit but mortgage always paid on time!
Interest Only fixed rate options and 40 yr term options now available on alternative products!!!
Term: 30 years
Maximum Amount: $417,000
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Investment Products
Thinking of an investment property? With over 50,000 listings in MLS- now is the time!!
Fixed and adjustable rates available.
Products with NO PMI.
Term: 30 years
Maximum Amount: $417,000
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2nd mortgage products
No closing costs 2nd mortgages. Home equity line of credit or fixed rate mortgages both with ZERO closing costs!
Avoid PMI...Take a Home Equity Line of Credit to keep your 1st mortgage at 80%!
Simple and quick to acquire!
Term: 15 years
Maximum Amount: $500,000
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| 2nd mortgages are available as fixed loans or lines of credit. They are also available with full income documentation or in many situations with no income/ asset verification. |
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Non-verified income
Unable to verify your income? With the changes in the mortgage market in 2007, there are still loans available to you!
Fixed and adjustable rates, with interest only options!
Term: 30 years
Maximum Amount: $417,000
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Reverse Mortgages
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Great for elderly borrowers needing to tap into their home equity.
Borrowers retain full ownership of their home! |
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No income, asset, or employment requirements |
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No monthly payments required. |
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Proceeds are tax-free income (consult your tax advisor) that can be payable as monthly payment, lump sum, line of credit, or any combination of these options |
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Loan origination and closing costs may be financed into the loan |
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Non-recourse loan means borrower(s) will never owe lender more than the appraised value of the home |
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When the loan is repaid, all remaining equity will go to the borrower |
Term: 30 years
Maximum Amount: $417,000
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $333,700 with closing costs of $10,674. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $500,000 with closing costs of $14,000. Your actual APR may be different depending upon these factors.
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