Which Mortgage Loan Works for You?
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Bankruptcy/Foreclosure
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| Advantages: For customers with pending Bankruptcies/Foreclosures |
| Disadvantages: Higher interest rates than conventional loans |
| Recommendations: Pending Bankruptcies/Foreclosures no problem |
Credit Repair |
| Advantages: Fixed Rates for first two or three years |
| Disadvantages: Rates vary after first two or three years |
| Recommendations: Great way to re-establish your credit history |
Debt Consolidation |
| Advantages: A great way to consolidate debts |
| Disadvantages: Higher LTV ratios means higher monthly payments |
| Recommendations: Make only one payment to all your creditors |
FHA Loans |
| Advantages: All mortgages are federally insured |
| Disadvantages: There are many specific limitations and restrictions |
| Recommendations: Great for first-time buyers |
VA Loans |
| Advantages: Perfect loan for veterans |
| Disadvantages: Certain limitations may not be ideal |
| Recommendations: Great for purchasing first home or refinancing |
Low Down |
| Advantages: Little savings is needed |
| Disadvantages: Smaller down payments equals higher interest rates |
| Recommendations: Perfect for those with small savings |
No Income Verification |
| Advantages: Income is stated and not completely documented |
| Disadvantages: Higher interest rates than conventional loans |
| Recommendations: Ideal for the self-employed |
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