OPTIONS You should be able to compare different loan options, programs, rates, product types, terms, penalties & mortgage flexibility solutions from…
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What is the difference between a fixed & variable mortgage?
A fixed rate typically has less flexibility & a slightly higher rate while a variable rate provides more flexibility and…
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What is Alternative Lending?
COMMON BORROWER’S ROWERS Self-employed individuals who have not claimed enough income to qualify with the bank Those with bruised credit New business owners WHAT’S…
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What is a Home Equity Line Of Credit?
AKA a collateral mortgage or readvanceable mortgage, meaning as you pay down your mortgage or your property value increases, your…
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What is Private Financing?
No income or credit requirements here. Qualifications for private financing will be based off equity or a larger down payment. Due to…
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Is a low rate the most important factor in a mortgage?
No The lowest rate is not always the cheapest option when factoring in the total cost. Saving you $$ & mortgage…
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Will a larger down payment result in a better rate?
Not necessarily With as little as 5% down, you will see the best available rate, but you will be required to…
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Is it better to save 20% before buying?
No With 5% being the minimum down payment, by simply getting started today, you will capitalize on Appreciation Mortgage Pay Down – Principal…
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Can I get a mortgage on Bare Land?
Yes Typically, a 50% down payment is required There are options at 25% down payment with plans to build
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I’m Self Employed; do I need to be in business for 2+ years to get approved?
No! There are alternative lenders that we work with that will provide additional options Each situation will vary depending on individual factors