Buying a New Home or Refinancing?
HELOC (home equity line of credit)
A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards. A HELOC often has a lower interest rate than some other common types of loans, and the interest may be tax deductible. To find a mortgage broker, either fill out the form above or contact us at 954-780-8861.
Cash Out Refinance
A cash-out refinance is a mortgage refinancing option that lets you convert home equity into cash. A new mortgage is taken out for more than your previous mortgage balance and the difference is paid to you in cash. In the real estate work, refinancing in general is a popular process for replacing an existing mortgage with a new one that typically extends the terms to the borrower that are more favorable. By refinancing the mortgage, you may be able to decrease your monthly payments, negotiate a lower interest rate, renegotiate the periodic loan terms, remove or add borrowers from the loan obligation, and in the case of cash-out refinance, access cash from the equity in your home. To find a mortgage broker, either fill out the form above or contact us at 954-780-8861.
Non QM mortgage (non qualified)
Non-QM loans are mortgages that don’t meet the Consumer Financial Protection Bureau’s (CFPB) requirements to be considered qualified mortgages. A qualified mortgage meets the CFPB’s “ability to repay” rule, which requires that lenders vet your finances and set terms on the loan that you’re likely to be able to pay back. To find a mortgage broker, either fill out the form above or contact us at 954-780-8861.
Foreign National Mortgage
If you are a citizen from another nation, you can still have the opportunity to get a mortgage loan to buy a property in the United States. A mortgage loan to a non-resident person in the U.S.A. is called a Foreign National Mortgage loan. A foreign national who is not a resident of the United States will in many cases seek to own real estate. Financing real estate is generally done by US mortgage companies and banks to US citizens. The property can become a good second or vacation home while staying in America. It could also be an investment property. To find a mortgage broker, either fill out the form above or contact us at 954-780-8861.
Multi Family Mortgage
Multifamily loans allow you to finance properties with two or more units, including condos, townhomes, duplexes, apartment buildings, and a portfolio of properties. There are many ways to finance these properties, and different types of financing work better for different types of properties. To find a mortgage broker, either fill out the form above or contact us at 954-780-8861.