Your Source for Discount
Mortgage Loans
"Serving the Bay Area County with low low rates!"
Our Loan Programs
The following are a partial list of our efforts to tailor our offerings and meet our customer's needs.
PREQUALIFICATION PROCESSING:
The first step in deciding on a home is to determine how much you can afford to puchase. Our prequalification program not only estimates that amount but also tailors a mortgage to fit your needs. Picking the right program can maximixe your purchasing power and save you thousands of dollars. The Pre-Qualification page contains our form and instructions.
PREAPPROVAL SERVICING:
Providing specific documents, together with a formal applications we can actually approve your loan; generally within 24 hours; before you start house hunting. The only condition to approval is the selection of an acceptable home.
The following must be provided:
1. A completed application.
2. Your most recent pay stub and last 2 years W2 forms.
3. Most recent bank statements for 3 months for all accounts.
4. Self employed individuals must provide copies of their last two years of personal
and business tax returns as well as a year to date of profit and loss statements and
balance sheet prepared by your accountant.
5. For VA applicants, we will need your Certificate of Eligibility.
With this information in hand, we will be able to run appropriate credit report(s), complete employment references by phone, and complete income and credit underwriting for you. You will be provided with a written loan commitment based on a maximum interest rate and loan amount.
LOCK & SHOP PROGRAM:
This program allows you to lock in today's interest rate while you find a home to purchase. It compliments the prequalification and preapproval programs by eliminating the risk of rates increasing while you shop.
Selecting a mortgage lender is generally based on service. We have the best turnaround time in the industry. Additionally, our extensive programs allow us to tailor a loan to meet your needs.
FIXED HOME EQUITY LOANS:
XYZ Mortgage, Inc. can provide equity financing for up to 90% of the appraised value at fixed interest rates opposed to variable rates offered by most banks. Payment terms are available up to 190 months with no origination or brokers fees.
SECOND HOME REFINANCE:
There are many wide variety of plans available to assist buyers with the purchase of a vacation home, providing up to 85% of the purchase price, depending on the amount. Loan amounts from $20,000 to $5,000,000. Payment terms include 15 and 30 year fixed rate, balloon loans and a typical selection of ARM programs.
This sample design describes using your own fictitious name to have presence on the internet. This design shows the look and the functionality of the site being created. Remember is just a sample site...until the next demo.