PS Mortgage Lending is a Veteran Owned and Operated, Licensed Mortgage Lender and Licensed Mortgage Broker Business. PS Mortgage Lending is a boutique Mortgage Company headquartered in beautiful Miami, Florida with an office in Houston, Texas. PS has many Licensed Mortgage Loan Originators spread throughout Florida and Texas, and has been in business and licensed in Florida since 2012.
The owner, Phil Stevenson, has been interviewed and quoted in Forbes 3 times as a mortgage expert, and has been flown to Washington, DC multiple times by regulators to take part in rewriting the National Mortgage Licensing Exam with other Subject Matter Experts. Do you know which mortgage is the most misunderstood in the market today? Here's the answer!
Even though mortgage payments do not need to be made, it does not mean that a borrower does not need to pay the property taxes and homeowners insurance. You must continue to maintain the property, and live in the home. Networking can be an incredible tool for doing business, it really goes beyond simple presentation card exchange.
The owner, Phil Stevenson, has been interviewed and quoted in Forbes 3 times as a mortgage expert, and has been flown to Washington, DC multiple times by regulators to take part in rewriting the National Mortgage Licensing Exam with other Subject Matter Experts. Do you know which mortgage is the most misunderstood in the market today? Here's the answer!
Even though mortgage payments do not need to be made, it does not mean that a borrower does not need to pay the property taxes and homeowners insurance. You must continue to maintain the property, and live in the home. Networking can be an incredible tool for doing business, it really goes beyond simple presentation card exchange.
Services
Phil Stevenson is 1 of approximately 150 Certified Reverse Mortgage Professionals (CRMP)in the United States, and currently sits on the Ethics Committee of the National Reverse Mortgage Lenders Association (NRMLA).
Born and raised in Miami to a Cuban mother, he speaks fluent Spanish and uses the nickname "Felipe" when working with clients who are not strong in the English language.
Stevenson is always taking the lead and trying to find new ways to succeed by helping others around him become successful as well.
Born and raised in Miami to a Cuban mother, he speaks fluent Spanish and uses the nickname "Felipe" when working with clients who are not strong in the English language.
Stevenson is always taking the lead and trying to find new ways to succeed by helping others around him become successful as well.
PS Mortgage Lending is a boutique Mortgage Company headquartered in beautiful Miami, Florida.
PS can do business throughout Florida and Texas, and have agents who can meet clients face to face in many parts of both states.
We pride ourselves in thinking outside the box, because most clients don't fit inside "the box" anyway!
We spent years specializing exclusively in the hardest and most misunderstood mortgages, and evolved with the times during the real estate boom, the ensuing crash, and thriving in the aftermath.
PS can do business throughout Florida and Texas, and have agents who can meet clients face to face in many parts of both states.
We pride ourselves in thinking outside the box, because most clients don't fit inside "the box" anyway!
We spent years specializing exclusively in the hardest and most misunderstood mortgages, and evolved with the times during the real estate boom, the ensuing crash, and thriving in the aftermath.
The VA Loan is made for veterans, military members currently serving in the U.S. military, reservists, and surviving spouses.
It can be used to buy single-family homes, condominiums, multi-unit properties, manufactured homes, and new construction.
Simply put, it's a benefit for the veterans, it's a mortgage.
The most important part is that you can literally put 0% down, so it's basically a 100% financing.
Other types of mortgages could give you up to 90% - 97%.
Regarding closing costs, you can get a seller, a lender or a realtor to help you with it.
It can be used to buy single-family homes, condominiums, multi-unit properties, manufactured homes, and new construction.
Simply put, it's a benefit for the veterans, it's a mortgage.
The most important part is that you can literally put 0% down, so it's basically a 100% financing.
Other types of mortgages could give you up to 90% - 97%.
Regarding closing costs, you can get a seller, a lender or a realtor to help you with it.
These are the most common types of mortgages offered and are the main mortgages that fall under the definition of a "Qualified Mortgage".
These are the easiest mortgages to get closed because they offer automated underwriting and are the most mainstream, which means there is a lot more technology and support for them.
99% of all Mortgage companies offer these, and they are the largest percentage of our business at PS Mortgage Lending.
Conventional Mortgages are Fannie Mae and Freddie Mac mortgages, and usually require a larger down payment than the Government Insured FHA mortgages, unless you are a first time homebuyer and you can put 3% down with Conventional.
These are the easiest mortgages to get closed because they offer automated underwriting and are the most mainstream, which means there is a lot more technology and support for them.
99% of all Mortgage companies offer these, and they are the largest percentage of our business at PS Mortgage Lending.
Conventional Mortgages are Fannie Mae and Freddie Mac mortgages, and usually require a larger down payment than the Government Insured FHA mortgages, unless you are a first time homebuyer and you can put 3% down with Conventional.
The FHA reverse mortgage is a mortgage loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.
This is done by taking any combination of lump sum, monthly payments, and/or line of credit, but the amount and size of any of those options is based on the equity of the home and the age of the borrower(s) or non-borrowing spouse (NBS).
The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care.
This is done by taking any combination of lump sum, monthly payments, and/or line of credit, but the amount and size of any of those options is based on the equity of the home and the age of the borrower(s) or non-borrowing spouse (NBS).
The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care.
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