Free Home Value Analysis

QM Programs

A qualified mortgage is the one that fulfills some specific requirements for secondary market trading and lender protection. These requirements are, as suggested by the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010. The provisions set by this reform are meant to ensure the protection of both borrowers and lenders from all sorts of risks involved in the lending practices.

Non QM & Portfolio Programs

A non-qualified mortgage is a home loan that doesn’t meet the standards set by the Consumer Financial Protection Bureau (CFPB) as the rules on Qualified Mortgage.

The Qualified Mortgage Rule:

The QM laws are defined by the Dodd-Frank Wall Street Reform and Consumer Protection Act:

• No Excessive Upfront Points and Fees
• No Toxic Loan Features

Refinancing

Refinancing refers to the complete process of replacing the terms of an existing credit agreement. A refinance of a credit obligation is done for the purpose of seeking favorable changes to the interest rates, payment schedules, and other terms mentioned in the contract. When the refinance gets approved successfully, the existing contract of the borrower gets replaced by a fresh contract.

Government Loans

A government loan, as the name suggests, is a loan offered by the U.S. government in order to support the needs of individuals, communities, and corporations. These loans are most beneficial for people who may fail to qualify for a private lender loan.

Perks Of Government Loans

• Government loans are helpful in boosting the overall national economy. This further improves the quality of life of our fellow U.S. citizens.

Jumbos

The term “jumbo” automatically triggers the mind to think about something “grand”! Theoretically speaking, a jumbo loan is a grand loan, a loan that’s made to use to finance an expensive property. These are loans that exceed the limit of a conforming loan. The Federal Housing Finance Agency (FHFA) sets the maximum limit of a conforming loan to be $510 400 in most countries. Any amount that exceeds this limit is qualified to be a jumbo loan.

Reverse Mortgage Loans

Reverse mortgage loans are unique from other loan options. If you are a person who is at least 62-year-old or more and has huge home equity, you can borrow against the value of your home and receive funds as a lump sum or a line of credit. This is unique as the homeowner won’t need to make any loan payments.

Trust Deed Investor Information

We provide our Investors Trust Deeds that are secure and pay a high rate of return. Our Trust Deed Investors are currently earning 6% to 13% annually. We are happy to have the opportunity to bring the world of trust deed investing to you. Many Investors have found that investing in trust deeds provides them dependable monthly income, secures their investments and gives them peace of mind.