Your personal shopper (loan officer) will get lenders to compete for your business, which means you get the best mortgage rates and terms personalized for you. Your personal shopper (loan officer) makes loan shopping easy, they do all the work for you! Compare your offers and then choose the best loan for you. It's that easy! Lowering your mortgage rate will save you hundreds a year and thousands over the life of the loan.
Easily figure out what your mortgage payment will be and get ready to have your expectations met! Our "soft pull" credit report will show you what home loan you qualify for with NO social required and NO hit to your credit score!
Easily figure out what your mortgage payment will be and get ready to have your expectations met! Our "soft pull" credit report will show you what home loan you qualify for with NO social required and NO hit to your credit score!
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You can use this with your rental properties as long as you have an existing VA loan on the property and can prove you lived there at one time.
The VA's Streamline Refinance program, also known as a "VA to VA" loan or Interest Rate Reduction Refinancing Loan (IRRRL), allows you to lower the interest rate or term on your mortgage with few or no out-of-pocket costs.
Interest Rate Reduction Refinance Loan (IRRRL): See lending criteria above.
Also called the Streamline Refinance Loan can help you obtain a lower interest rate by refinancing your existing VA loan.
The VA's Streamline Refinance program, also known as a "VA to VA" loan or Interest Rate Reduction Refinancing Loan (IRRRL), allows you to lower the interest rate or term on your mortgage with few or no out-of-pocket costs.
Interest Rate Reduction Refinance Loan (IRRRL): See lending criteria above.
Also called the Streamline Refinance Loan can help you obtain a lower interest rate by refinancing your existing VA loan.
The FHA Streamline Refinance program gets its name since it enables borrowers to renegotiate a current FHA interest rate to a lower rate all the more quickly and easy.
Often without an appraisal the program cuts down on the paperwork making this loan quick and easy for borrowers who want to lower their rate without the hassle of providing a lot of paperwork as in a conventional refinance.
You can lessen the financing cost on your present home loan without a full credit check, yet you have to have paid your home loan on time in the course of the past 6 payments.
Often without an appraisal the program cuts down on the paperwork making this loan quick and easy for borrowers who want to lower their rate without the hassle of providing a lot of paperwork as in a conventional refinance.
You can lessen the financing cost on your present home loan without a full credit check, yet you have to have paid your home loan on time in the course of the past 6 payments.
Bank Statement Mortgage Loans are on the rise.
Why?
Because it is far easier for self employed borrowers and investors to obtain a mortgage loan in an "untraditional" manner.
According to the FDIC, and other government financial organizations, banks should have only accepted reduced income documentation if the loan had other assurances that the borrower could afford the loan.
For example, a stated income loan often required a higher down payment than a traditionally underwritten home loan.
However, stated income loans rapidly grew in popularity and, as we all remember, underwriting standards slipped.
Why?
Because it is far easier for self employed borrowers and investors to obtain a mortgage loan in an "untraditional" manner.
According to the FDIC, and other government financial organizations, banks should have only accepted reduced income documentation if the loan had other assurances that the borrower could afford the loan.
For example, a stated income loan often required a higher down payment than a traditionally underwritten home loan.
However, stated income loans rapidly grew in popularity and, as we all remember, underwriting standards slipped.
Stated income mortgages are home loans where lenders do not verify or document income at all.
The lender will not even ask for any income documentation.
They are called stated income loans because lenders use the income stated on a loan application to issue a loan.
Can you still find a stated income mortgage loan today?
Yes!
There are many lenders that offer stated income loans and the interest rates vary from lender to lender based on every borrowers individual situation.
Lenders take into consideration various aspects of the loan to determine the interest rate and terms of the loan but in general they look at the following criteria.
The lender will not even ask for any income documentation.
They are called stated income loans because lenders use the income stated on a loan application to issue a loan.
Can you still find a stated income mortgage loan today?
Yes!
There are many lenders that offer stated income loans and the interest rates vary from lender to lender based on every borrowers individual situation.
Lenders take into consideration various aspects of the loan to determine the interest rate and terms of the loan but in general they look at the following criteria.
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