FHA is considered  the "savior" of the mortgage industry at the moment and maybe for a long time to come. With flexible guidelines that will allow a minmum of 3.5% down payment with a maximum of 6% seller's assist towards settlement costs, this program is avaialble for anyone with

• a minimum score of 580 (sometimes a 560 on a case by case scenario)
• a minimum of 3.5% towards transaction (it can be gifted or a grant)
• no bankruptcies in past 24 months
• no liens or judgements that may effect title

*580 credit score can borrow up to 95% of the value of their home!

*News for 2009: UPFRONT now Mortgage Insurance charged for loans over 80% of mmarkey value

This product is also available for refinance transactions also.All homeowners are eligible for FHA refinancing. Inquire about FHA's Good Neighbor Program to see if you qualify.

For buyers, only one FHA loan is allowed at a time. If you have a FHA loan on a home that you are selling, you must first sell that home prior to getting FHA financing. However, you are able to utilize FHA for the purchase of your new home if the other is satisfied. Inquire about FHA Secure Program.

Traditional conforming loan product which requires a minimum credit score of 620. The rate is a based of the Prime interest rate and may fluctuate daily. Conforming products include, 30, 20, 15 and 20 year fixed periods.

• Up to 97% financing on Owner Occupied and Second homes( Purchase and Rate and Term Refinances).
• Up to 90% financing for Investment homes (Purchase and Rate and Term Refinance).
• Acceptable documentation includes Full and Alternate (W-2 or Bank Statements)
• For maximum financing of 97%, credit score requirement of 680

• 30 and 15 year products with No Prepayment Penalty!
• Purchase to 97% (O/O, SFR)
• Borrower only needs to show a minimum of 3% of their own funds
•  Not Available for refinance transactions
  

This program is great for the strategizer who does not want to pay thirty years of interest! The payments are amortorized over a 20 year fixed period instead of the typical 30 year fixed. Thus, the mortgage payments are higher but the borrower can pay down the principle faster as well as cut 10 years off of the interest expected to be paid. Whether for refinancing or purchasing, this program can save borrowers lots of money if applied with strategy.

• reduces the interest paid on your mortgage
• if a homeowner with equity, it will keep your payments lower or the same!
• if a homeowner looking to refinance, it will reduce your years left to pay!
• allows you to save on interest paid

Like the 20 year fixed, this product will allow the homeowner the luxury of paying off the mortgage within a fixed period of 10 years. The payment will be amortorized on a 120 month schedule. As long as the payment is agreeable with the homeowner, this should benefit the borrower with a free and clear home within 10 years!

• payments is amortorized on a 10 years schedule
• you own your house faster, free and clear!
• saves on total interest paid to the mortgage lender
• if used strategically as a homeowner, it can make refinancing well worth it!

We have are pleased to announce the partnership we have with New  Life Lending and the ability to assist homeowners with an option that will save their home as well create for you, a monthly disposable income. Our attornies will negotiate a reduction to your principle balance and current interest rate with your current lender. If you have an arrearage balance, they will work out a payment plan based on your affordability, so you'll be able to pay down that balance all the while saving your home from foreclosure. So whether you forsee mortgage payment problems or are currently intertwined in a mortgage crisis, this option is a step in the right direction for resolving your financial dilema. Just call with a list of your expenses and mortgage payment break down and we'll get you started.

Modified rates start at 5% and as low as 3%. We also offer Interest Only payments! You will need your mortgage statement and a listing of your actual, total monthly expenses and I will put together an expense report for the attornies to review and approve.

As an ongoing effort to serve the underserved of todays market, we are pleased to announce the implementation of our Debt Settlement Services with New Life Lending. We will have have attornies negotiate and gaurantee your outstanding debt for settlement for $.50 on the $1. This will allow you to allocate much needed disposable income to other personal financial allocations that may assist you during the turn of our current economic conditions. A great alternative to filing with a Consumer Credit Counseling company or filing for Bankruptcy.

Debt Settlement is an attorney backed negotiation on behalf of a client whereby the client's creditor's agree to settle outstanding debts for a dollar amount  that is lower than the actual amounts owed.

Client must meet, Minimum Acceptance Standards and must be able to afford the program.

There are 18, 24, 30, 36, 42 or 48 month programs available to accomdate payment  affordability.

• Purchase and rate/term refinance transactions.
• Minimum FICO score of 620.
• Maximum seller's concession of 6%.
• Full and alternate documentation accepted for income qualifications.
• will allow a non occupant co borrower's income for qualifying ratios. (co borrower does not have to live in the residence)!
•  Up to 97% financing for scores 680 and above!

Short term ARMs (adjustable rate mortgages) are loan programs where the interest rate is fixed for a set number of years. This gives the homeowner time, depending on their personal goals and the market, to either refinance the mortgage to a fixed rate or allow the rate to adjust. These loans are idea if there are set plans to be executed within that set, fixed time period. Let's say, you have a job that will have you relocating inside of 5 years, then a 5/1 product maybe ideal if the rate is lower than a regular 30 year fixed. The advantage of saving money since you will not be there long term, is a 'no-brainer'. You knew going into the mortgae that there would be something occuring within 5 years, so why not cater your monthly payments to a comfortable and affordable expense, during the interim time? There are alot of advantages to considering these loan programs as they vary from 3/1 , 5/1, 7/1 and 10/1 financing term options. These rates are usually lower than the 30 year fixed rates.

• Good product for the homeowner who plans to only occupy the house for a set period.
• Self employed borrowers or Seasonal workers whose income may fluctuate some months will have an option of how they pay their mortgage each month.
• The Pay Option will allow the homeowner to maintain.

Single income households who may be able to utulize the flexibility of the choice of payment each month.

*borrowers should be thoroughly educated on the use of the product*

• Utilize these  loan options strategically to plan for your long or short term goals.
• Save money while you're there!
• Great choice when the fixed rates are rising. These rate tend to be lower!
• You can have your rate fixed for the number of years you plan to be in the residence

• E-Z Loan Aproval process
• affiliates with diirect lenders with in house underwriters
• Common sense underwriting
• No FICO required loan program
• Loans form $75k to $750k
• No seasoning requirements
• All fees paid at time of closing
• Fixed rates available
• Loans to Corporations, Partnerships, LLCs, & Individuals
• Blanket Loans OK

Must have perfect payment history for a minimum of 12 months

Must have 15% equity in currently mortgaged residence

Conforming and Jumbo loan amounts

Refinances only!

Great loan for re-establishing a positive credit rating which will enable the utilization of more flexible programs that are available.