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*****NEW***** 30 year fixed rate
with Option for deferred interest / neg AM for 1st 5 years or neg
limits 110% of loan amount in NY 115% most elsewhere. Rate stays
fixed for life of the loan. Awesome loan that provides
the safety of a fixed rate / If you opt to make 1.25% min payment
you know how much mortgage interest you will defer. It doesn't
change month to month like a traditional Option ARM or MTA
loan. This is the most exciting product I've seen in years!,
safety of a fixed rate with option for deferred interest and also
interest only payments, WOW! quick
quote
****Open Credit Counseling**** to
90% LTV, (Must be 0 x 30 last 12 months mortgage history, clean, no
lates) quick
quote
***** UP to 85%****** Family deed
transfers, cash out, no seasoning required ,From 525 Fico-LTV FULL
DOC only, No Stated Income quick quote
*****Recorded Land
Contracts******* to 90% LTV quick
quote
******Borrowers in open
Forebearence***** To 80% LTV cashout allowed ( Must be 0x30 last 12
months mortgage history) quick
quote
*****Chapter 13 Bankruptcy
buyouts******* Up to 85% LTV, cashout allowed, we'll work with the
bankruptcy Trustee and workout the details quick quote
******3 mos Title
seasoning****** Loans at appraised value,
(Borrower must qualify and be title seasoned at least 3 months-No
foreclosure bailouts adding a person with a good fico to title
on a property that is in pre-foreclosure, doesn't fly past
underwriters, property must be current on mortgage or free and
clear) quick
quote
*******Scores under 500*** to 80%
LTV ( 0x30 12 months proveable on mortgage history) quick quote
****Real estate
investors***** Need to get liquid on your subject to lease
option tenant buyers? Here's how: 12 months
cancelled rent checks with copy of option agreement, fully executed!
Now wasn't that was easy. We can do it up to a 97%
(Through the FHA) and roll in the closing costs. If the LTV
permits and your borrower/buyer qualifies. Send me your option
buyer deals today and Get Some! quick
quote
******New**** Graduated payments:
Need to qualify easier on your next deal?, why not do a
graduated payment mortgage. We got'em starting in the mid 5's,
NO NEG AM! Example: 200K 30 year fully
amortizing mortgage note @ 5.50% 1st Year / 6.50 2nd year / 7.50
fixed rate for the remaining 28 years. From a 620 fico
qualifier (Full Doc) to 100% LTV with upto a 6% seller concession
(80/20). Can do a 40/30 to lower payment and qualify
further yet. Hoo Haa! Send me your deal parameters today
on quick quote .
40 year MTA Adjustable rate
mortgages Pick your payment terms: 30 yr or 40 yr
amortization. Interest only, principle and interest or a
minimum payment. Negative amortization allowed to 115% of loan
amount (110% in NY). 620 mid fico qualifier for primary owner
occupied up to a maximum of 100% LTV (80/20) 500K including up to 6%
seller concession financing. 660 fico qualifier for
investment non-owner occupied properties to 8MM (LTV
restrictions apply). Stated income from 640 fico,
owner/occupied. Quickquote
Interest only mortgages up to 90% loan to value + up to 3%
seller concession
Fixed period interest only mortgage loans, fixed for a
period of usually 3-10 years. 620 mid Fico qualifier
for full Doc and 640 for stated income/verified asset.
(No W2 wage earner stated income loans
anymore), must be self employed. No negative amortization,
meaning no additional charges tacked back on principle. This
is a great loan for someone upsizing and anticipating future
earnings growth and wanting to keep the payments more manageable
today. It is also great for real estate investors who hold
properties 1-3 years then flip them or for people who move every 3-5
years.. Inquire for a rate quote on quick quote or call Joe (718)
925-9471.
FHA 97% Realty financing + 6% seller
concession / 95% cashout refi
True no money down real estate purchases are apprarently a
thing of the past for the time being with the present business
climate. We can still get high LTVS's though through the FHA 97% +
6% seller concession total 103%, but borrower must still come with
3% own funds or gift funds and loan amount is resticted by county.
FHA deals must also be FULL DOC ONLY and may require
reserves in addition to 3% down for purchases. Must be
owner occupied 1-4 family residential (3-4 family may be LTV
restricted, case by case). FICO's down in the 500's with FHA no
problem, as long as you got the documentable income, can come in
with 3% for purchases and have minimal reserves. Inquire on quick quote or call Joe for pricing at
718 925-9471.
Adjustable rate mortgages (ARMS)
to 95% LTV owner occupied 1-4 family (3-4 unit capped at
500K)
3yr, 5yr, 7yr, 10yr
relockable adjustable rates. 680 Minimum Fico qualifier. Non
owner occupied 1-2 unit residential, PITI reserves of up to 6x
monthly piti costs sourced and seasoned may be necessary depending
on fico score and LTV. Call Joe (718)925-9471 or inquire on quick quote.
Condominium and Coop
lending Owner occupied residential only up to 90%
LTV. Building must be 60% -70% residential rather than commercial.
Fico scores accepted from the mid 500's, rate is 1/4 - 1/2 point
higher than regular single family residence. Minimum 3 active
tradelines with at least one showing a high balance of at least
$3,000 in the last 12 months. Call Joe (718) 925-9471 or inquire on
quick quote for fast
response. Non-Warrantable Condo/Condo-conversions to 95%
LTV.
Investment property purchases non
owner occupied to 90% LTV + 3% seller concession allowed to
1MM 1-4 family residential. Refinances up to 90%
LTV with cash out 680 Mid fico
qualifier.
6 months PITI reserves required (principle,
interest and taxes) sourced and seasoned. That is in a
separate account not used for purchase. Could be Ira, 401k,
CD's, T-bills, marketable securities, employee thrift plan
or savings account. Call Joe (718)925-9471 or inquire on quick
quote. Minimum 3 active tradelines with at least one showing a high
balance of at least $3,000 in the last 12 months. Quick quote
Commercial Property
multi-unit 5 +property loans, 1MM minimum
Acceptance from fico scores as low as the mid 500's. Rate determined
on a combination of owner fico score, building income, DSCR
(debt service coverage ratio) vacancy and appraisal.
Cash out refinances up to 80% LTV. Piti
reserves required. Balloon notes and 25yr and 30 yr self
amortizing mortgage loans. Call Joe 718 925-9471or inquire on
commercial loans.
Mixed use
loans
Store plus apartments, fico scores accepted from the mid
500's. Ltv's up to 80% with cash out. Piti reserves
required. 30 year, 25 year self amortizing. We even have a 30
year fixed rate product "like a single family residence" 700 minimum
fico for 30 yr fixed rate. Minimum 3 active tradelines with at
least one showing a high balance of at least $3,000 in the last 12
months. Call Joe (718)925-9471 or inquire on commercial
loans for fast response to your
requests.
Bad credit non conforming
mortgage loans subprime credit lending
Fico score acceptance as low as 500 for
refinances and new home purchases (LTV Resticted / not
100%). 100% LTV requires at least a 580 mid fico score, full
doc (i.e. W2's, bank statements,
paystubs) or stated income from as low as 600
fico (Only self employed stated income/asset, no longer
accepting W2 wage earner for stated
programs). IRS tax liens or gov't liens
must be paid. Call Joe (718) 925-9471 or inquire on quick quote for information pertaining to
your request. We respond promptly.
Stated income / no income check
mortgages for self employed, NOT W2 wage
earner
Self employed , no
income no asset verification loans and stated income / stated asset
program Fico scores acceptable for program down in the low
500's. W2 wage earners, stated income / no asset
verification loan programs are presently no
longer accepted. LTV restrictions may apply. Call Joe
(718) 925-9471 or inquire on quick
quote for a rate quote.
Past Bankruptcy / Foreclosure we
got the solutions
Still
underwater less than 2 years out from discharge? Relax, we got
a program 1 day out of bankruptcy, no seasoning. If you're two
years or over out of bankruptcy discharge with clean credit history
since, you"re golden. Inquire with details on quick quote or call Joe (718)
925-9471.
Foreclosure bailout
financing to 70% CLTV
(closing loan to value) Full doc / 65% LTV stated income /
stated asset run your situation by us. We don't
judge, we are here to help!. We'll try our best to secure
financing to up to 70% total after refinance
financing. Cash out allowed.
Title
seasoning For all you
real estate investors rehabbing properties out there you better
get with us before you put that home on market. Most banks
want 12 month's title seasoning before you sell. Hate to see you get
all wound up and excited to close...only to have the bank to put the
kibosh on the deal due to title not being seasoned. Ask me how
I know this?..... You need to know what to do, how to do, we
got the programs and investors to get you liquid!. Call Joe
(718)925-9471 or inquire on quick
quote.
Mortgage Notes: We can
originate notes to 80% LTV and allow seller carried 2nds to 90% LTV
of appraised or list price whichever is higher. 680 minimum
mid fico can go self emloyed stated income. Jumbo and uper Jumbo
notes also!
Loan Remediation services: We can
in certain circumstances negotiate your 2nd mortgage down in
principle and interest and get the lender to waive interest and
maybe even principle on your first to get you in a fixed payment you
can afford!. Loan
remediation
Construction loans * Lot
Loans* Reverse mortgages* Commercial property and mixed use property
loans | 
