I would suggest interviewing a few mortgage brokers.
Here are 3 mortgage brokers. They are all terrific...
Choice Mortgage Bank
Senior Vice President - Investments
Wealth Management Advisor
Global Wealth Management
120 East Palmetto Park Rd. 2nd floor
Boca Raton, FL 33432
(866) 499-4629 TOLL-FREE
(561) 459-4480 FAX
US Mortgage of Florid
4400 N Federal Highway
Boca Raton, FL 33431
Office 561 886 0300
Fax 561 886 0301
Cell 954 328 7662
Jennifer Sommers, Nestler Poletto Sotheby's International Realty
One South Ocean Boulevard, Suite 11 âƒ“ Boca Raton, Florida 33432
O. 561.235.7777âƒ“ C. 786.390.9299 âƒ“ F. 561.997.2614
Jen@AgentBoca.com âƒ“ http://www.AgentBoca.com
"Artfully Uniting Extraordinary Properties with Extraordinary Lives"
If you factor back in these things, a 3.5% rate has an effective payment rate closer to 5%
Best to try and put down 20%, but that's a lot to come up with, so maybe look at a 95% loan with No PMI.
#1 Borrower was referred to a BANK: 5 days before closing the Bank finds a reason to turn the loan down.
What then? Youâ€™re stuck! Now you have to do the Panic Dance to search for another lender that will do the loan, but the loan has to be completely Re-Process, costing you time, money, your deposits and the house!
#2 Borrower was referred to a MORTGAGE BROKER: 5 days before closing the Bank finds a reason to turn the loan down.
What then? Your Mortgage Broker simply pulls their borrowerâ€™s Fully Processed loan file a inserts it with one of many other Lenders and the deal closes!
97% LTV-NEW- No PMI->AVOID the 1.75% FHA Fee and Monthly MI
95% LTV-NEW- No PMI!
95% LTV-NEW- CONDO Loan
90% LTV-NEW- 2nd Home
90% LTV-NEW- Jumbo
85% LTV-NEW- No PMI to Super Jumbo
The new Stated Income ALT loan programs: http://www.StatedIncomeAlt.com
80% LTV-FIX nâ€™ FLIP Invest. Prop. â€“ No min. credit score!
75% LTV-Stated Income Alt to Mega Jumbo
75% LTV-Foreign Nationals-Stated Income Alt to Super Jumbo
75% CLTV-NEW- after Short Sale, BK or Foreclosure to Super Jumbo
70% LTV-Soft and Hard Money-Stated Income Alt to Super Jumbo
100% LTV- VA with Debts paid off on purchases
100% LTV- USDA Ã 12 mo. into Chapter 13 BKâ€¦OK Too!
96.5 LTV- FHAÃ also only $100 Down FHA program
NEW- DPA (DOWN PAYMENT ASSISTANCE) Program
NO income restrictions, NO Credit Score restrictions.
Examples of down payment assistance:
$150,000 purchase up to $1,500
$250,000 purchase up to $3,500
$500,000 purchase up to $10,000
Pro Option Mortgage / Florida
888 662 4404
Prior service U.S. Marine Corps
He is honest, hard working and has over 20 years experience in the business. He can answer all of your financing questions. Lots of luck!!
It would be my pleasure helping another first-time-homeowner making their wish of homeownership come true.
Please feel free to contact me at your earliest convenience, if I may be of any service to you.
Lic. Loan Originator
I can turn my purchasers over to him and not worry. The purchasers and I can focus on other things
I list and sell....he lends..