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| RURAL DEVELOPMENT LOAN |
| FHA 30 YEAR FIXED LOAN |
| CONVENTIONAL FINANCING |
| PORTFOLIO LENDING |
| SECURITIES LENDING |
| CHURCH LOANS |
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RURAL DEVELOPMENT LOAN
- 100% FINANCING
- NO MORTGAGE INSURANCE
- NO MINIMUM CREDIT SCORE
- FINANCE CLOSING COSTS-NO MONEY OUT OF POCKET
Term: 30 years
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| Rates | Points | APR |
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| 5.5% | 0% | 5.5% |
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FHA 30 YEAR FIXED LOAN
- 96.5% LOAN-TO-VALUE
- NO MINIMUM CREDIT SCORE REQUIREMENT
- ALLOW 6% SELLER PAID CLOSING COSTS
- LOAN LIMITS HAVE BEEN RECENTLY BEEN INCREASED
- PURCHASES
- RATE/TERM REFINANCES
- CASHOUT REFINANCES
Term: 30 years
Maximum Amount: $271,000
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| Rates | Points | APR |
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| 5.5% | 0% | 5.5% |
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CONVENTIONAL FINANCING
- 95% FINANCING
- NO UPFRONT MORTGAGE INSURANCE
- LOW RATES
- PURCHASES
- RATE/TERM REFINANCES
- CASHOUT REFINANCES
Term: 30 years
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| Rates | Points | APR |
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| 5.375% | 0% | 5.375% |
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- 30 YEAR FIXED
- 20 YEAR FIXED
- 15 YEAR FIXED
- 7/1 ARM
- 5/1 ARM
- 3/1 ARM
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PORTFOLIO LENDING
- LOW RATE HOME EQUITY LINES OF CREDIT
- NO MORTGAGE INSURANCE
- SECOND MORTGAGES
- JUMBO MORTGAGES
- RATES AS LOW AS 3%
- INTEREST ONLY OPTIONS
Maximum Amount: $1,500,000
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- 30 YEAR FIXED
- 15 YEAR FIXED
- 10/1 ARM
- 7/1 ARM
- 5/1 ARM
- 3/1 ARM
- 1/1 ARM
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SECURITIES LENDING
This type of lending allows the borrower to use their investments (stocks, mutual funds, bonds or other securities) to obtain funds for personal or business use. Using investments as collateral it is possible to borrow money at low interest rate financing for up to 10 years.
Benefits
- Fixed interest rates between 2.5% and 4.5%
- Interest Only quarterly loan payments
- Loan terms of 3, 5, 7, or 10 years
- No closing costs, broker or transaction fees
- No credit or income verification
- Funds may be used for any purpose including personal or business use
- Non-recourse loan. The only collateral are the pledged securities - not real estate or other personal property.
- Loans available for up to 80% of the securities value
- The borrower keeps all dividends and upside market appreciation on the securities
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Criteria
- The stock must be free-trading without any restrictions.
- Retirement funds (401k's, pensions, etc), CD's, do not qualify for this program. |
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CHURCH LOANS
SEE http://churchmoney.net/
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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