|
Yes! In addition to our standard variable rate, you can chose our "Loan in a Line" option. The "Loan in a Line" allows you to lock in all (up to your credit limit) or a portion of your Home Equity Line of Credit balances at a fixed rate. This allows you the security of having a fixed rate, a fixed payment and a fixed term. The best part about this feature is that as you pay down your Loan in a Line fixed rate balance, your variable rate line of credit becomes available for future use. Subject to a set up fee and other restrictions.
|
|
|
If you want to learn more about a mortgage payoff acceleration program, I encourage you to email me to sign up for one of our free live trainings. We provide this service with no strings attached and no sales pitch simply to get the word out about mortgage acceleration. That brings up another point: be wary of someone aggressively trying to "pitch" you on the idea of MA. Don't get me wrong, I believe it's a great thing, but anyone with enough experience with MA should only present it to you as an option, with positives and negatives just like any other option. |
|
|
Stated Income loans are designed for self employed borrowers who can't show their full income with documentation because they usally have tax write offs that make it look like they did not earn as much. So they go stated where they can state their honest gross income. They usually have a slightly higher interest rate to get this privilege. |
|
|
myAutoloan.com currently accepts auto loan applications in the following states: |
|
|
|
If you go to a hard money broker, the loan will be a piece of cake, but you will end up paying the broker as well (this isn't necessarily a bad thing if the broker finds you a much better deal than you could have found on your own). |
|
|
How much will my auto payments be?
Our auto payment calculator will allow you to see how changes in rate, amount borrowed, and term can reduce your loan payments.
|
|
|
How do I get the qualification process started?
|
|
|
So, with a 1% home loan, your balance will increase if you only pay the minimum, and in a short time, your loan will re-amortize and your payment will double or triple and you will be very upset that no one explained that to you.
|
|
|
What kind of documentation will I need to provide to the lender for verification?
|
|
|
As an alternative, there is what is known as a 'one-time-close' construction loan. This type of loan finances the construction period and has a loan program (30 year fixed, 3/1 ARM, etc...) already in place for when the loan 'converts'. The 'pro' is that you only have to pay closing costs once. The 'con' for these types is that you must lock in the final rate prior to closing. Many lenders offer a 'floatdown' (when rates drop durring the construction period, they will reduce your rate), but that often has a fee associated with it.
|
|
