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Security = A place of your own to call home!
Investment = With each mortgage payment, you are building equity in one of your most valuable possessions.
Tax Advantage = Your real estate taxes and interest on your mortgage are deductible from your income tax.
Financial Independence = Home ownership stars more people on the road to financial independence than by any other means.
Credit Standing = Owning a home gives you an established credit rating.
Cash Equity = Your home can appreciate in value keeping pace with inflation, even better than a savings account.
Personal Satisfaction = THIS IS YOURS! A place to furnish, enjoy family gatherings, a home office or workshop…all of this in the privacy of your own home.
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RRHL PROGRAMS:
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FHA purchase or Refi down to 530 score (with compensating factors most lenders can only go down to a 620).
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FHA with a 1×30 on mortgage with a 600 score 1×30 must be greater then 90 days old.
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HUD owned homes with as little as $100.00 down.
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Manual FHA loans if the loan makes sense.
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No score FHA to 96.5% with alternative trades.
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Refinance FHA 203K full rehab and streamlines.
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203K rehab loans stream lines max loan amount $35,000.
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Full 203K rehab loans above $35,000 (we have done these for years. We didn’t just start them so we know how to structure them to close).
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Non warrantable condos with right of first refusal. FHA coming December 7th.
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Condo loans to 90% with just a questionnaire (everyone else needs bylaws).
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Call me on any condo you have. Conventional or FHA. I have lenders who may do them on exceptions.
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Unbeatable Conventional loans with a 740 score.
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VA 100% loans.
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USDA 100% loans.
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100% non owner occupied rehab loans (I don’t know of anyone doing these but us).
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90% LTV with no mortgage insurance.
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Multiple family loans.
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5 unit and above commercial loans (we have lower rates then local banks).
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Cash out to 85% LTV FHA.
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Non owner occupied purchase and cash out.
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Mixed use commercial buildings.
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SBA loans to 90% loan to value (owner occ business purchases we do the first to 80% LTV and an SBA 10% second).
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95% Conventional loans (yes we can get the mortgage insurance).
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We are your Jumbo specialists. No hits to rate up to $900,000 loan amount. Hits apply to amounts over $900,000 to $1,500,000.
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Jumbos to 90% LTV cash out and purchase.
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We are still writing second mortgages to 80% HELOCS and Fixed.
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No Doc loans against investments (stocks, bonds, mutual funds and other securities). Funds can be used for any purpose credit and income not reviewed.
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Unsecured personal and business loans (call for details).
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Manufactured and module homes.
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Construction loans if borrower owns land free and clear. We can do owner and non owner occ loans to build or finish a project.
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We have outlets for hard money loans. They must make sense and are an expensive loan (we don’t recommend these but some people are in need of them).
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We can do credit rescores in 3-5 business days to increase your customers score to get them into the home of their dreams.
These are just some of the loan products we have. Call your loan specialist at Real Estate Resource Home Loans for more programs or details. We will structure your loans to close. We close loans others can’t because of our experience and knowledge. We are a service based company looking to build long term relationships with all of our customers and partners.
Tags: Condo, Construction Loans, Conventional, Jumbo, No Doc, Non Owner Occupied
 If you are thinking about purchasing a new home, don’t wait until you find the perfect home to get prequalified! Make sure your credit is healthy and find out how much you can qualify for before you find the home of your dreams. This helps insure that you not only choose a home in the right price range, but help avoid falling in love with a home that you can’t afford!
Another great reason to get quaified as early in the process as possible is to insure the fastest closing possible. If there are multiple offers going in on a home, you may be at a disadvantage if you are not able to secure financing quickly. Don’t wait until the last minute!
We have home purchase specialists standing by that can give you FREE home purchase finance advice. Feel free to request a FREE Rate Quote or to Contact Us directly.
Tags: Home Loans, Home Purchase, Mortgages, New Home Purchase, Pre-Qualify
As the Real Estate and financial markets continue to move up and down, mortgage rates can also be affected. Since mortgage rates are more closely tied to the bond markets, an up or down move in the stock market may not have the result in mortgage rates that one might expects. In fact, many times the resulting mortgage rate changes are counter-intuitive.
More importantly, rates change daily and they can change quickly. Some mortgage professionals have recently noted that their rate quotes have only had shelf lives of three to four hours before market changes have deemed them inaccurate.
How does a consumer navigate fast changing markets in order to refinance their existing loan or purchase a home with the most favorable terms possible?
- Plan – Define your needs ahead of time, do not wait until the last minute. This is especially true of home purchases.
- Consult – Talk to your mortgage professional on a regular basis so they can interpret recent market events to you and communicate how those events can affect you.
- Execute – When you have defined your needs and have determined that now is the best time to move forward, don’t shop yourself out of a good loan! What does this mean? It is easy to get caught up in shopping for the best rate, but it is not uncommon for home owners to miss locking their loan at a great rate because they are in search of better rates that do not exist or that they do not qualify for. It is important to shop to insure you are getting the best rate possible, but set limits to the number of companies you are going to consider doing business with and be careful of having your credit report needlessly and more times than is necessary!
Tags: Economy, FED, Home Purchase, Home Refinance, Mortgage Rates
With the resurgence of FHA home loans, many home owners are wondering if they can benefits from an FHA loan. The truth is that you may or may not benefit by converting your existing loan into an FHA loan when you refinance.
Some of the factors that can determine if an FHA loan is right for you:
- Loan To Value
- Home Value
- Size of Existing Loan
- Credit Score
- Amount of Cash You Want to Take Out
With the many changes that have occurred with FHA loans, it is possible that even if you didn’t qualify six months ago, there may be a loan program that is right for you.
One of our mortgage professionals can help you determine if an FHA loan is right for you quickly with no costs.
Tags: FHA loans, Home Purchase, Home Refinance
Our mortgage professionals can give you FREE loan advice to help you understand the mortgage process.
Wondering which loan is right for you? Not a problem! We can help determine which loan will fit your needs for your home purchase, refinance or debt consolidation needs.
If you have any questions, please contact us or call us!
Thanks!
Tags: Home Purchase, Home Refinance, Mortgage Loans, Mortgage Rates, Mortgage Refinance
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