 | |  | |  | |  | |  |
 | |  | |  | |  |
There are five loan purposes to choose from.
Purchase. Do we have to explain?!
Lease/Purchase Option executed as a Refinance: Conditions apply, but often a lease/purchase option may be
executed as a refinance. There may be advantages to the Buyer/Borrower if handled as such. Ask your Mortgage
Resources professional what would be best for you.
Cash Out Refinance: The loan fall in this classification if the borrower(s) take more than $2,000 or 1% of the loan amount
(whichever is greater when loan amount is $417,000 or less) or more than $2000 when the loan amount is $417,001 or
greater. The transaction is also "Cash Out" if the new mortgage is paying off a second lien when ANY of that 2nd loan was
not used for the purchase of the property.
Rate & Term Refinance: When a refinance is not Cash Out.
Construction: A loan for the construction of a home to be replaced with a permanent mortgage when construction is
completed.
Construction-Permanent: A loan that is used for construction of a home, then rolls into a permanent mortgage when
construction is completed.
Save even more and apply online now!
* Deepest cuts for loans with Fannie Mae Approve/Eligible and Freddie Mac Streamline Accept and Accept Plus. This offer does not apply to Fannie Mae Expanded
Approval levels, Freddie Mac Standard Accept, borrowers with more than three investment properties and using that income to qualify, non-conventional, subprime or
loan amounts under $100,000.
Purchase. Do we have to explain?!
Lease/Purchase Option executed as a Refinance: Conditions apply, but often a lease/purchase option may be
executed as a refinance. There may be advantages to the Buyer/Borrower if handled as such. Ask your Mortgage
Resources professional what would be best for you.
Cash Out Refinance: The loan fall in this classification if the borrower(s) take more than $2,000 or 1% of the loan amount
(whichever is greater when loan amount is $417,000 or less) or more than $2000 when the loan amount is $417,001 or
greater. The transaction is also "Cash Out" if the new mortgage is paying off a second lien when ANY of that 2nd loan was
not used for the purchase of the property.
Rate & Term Refinance: When a refinance is not Cash Out.
Construction: A loan for the construction of a home to be replaced with a permanent mortgage when construction is
completed.
Construction-Permanent: A loan that is used for construction of a home, then rolls into a permanent mortgage when
construction is completed.
Save even more and apply online now!
* Deepest cuts for loans with Fannie Mae Approve/Eligible and Freddie Mac Streamline Accept and Accept Plus. This offer does not apply to Fannie Mae Expanded
Approval levels, Freddie Mac Standard Accept, borrowers with more than three investment properties and using that income to qualify, non-conventional, subprime or
loan amounts under $100,000.
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| Ask about PAID Closing Cost Option! |
mouse over
| My |
| Where good credit is rewarded and damaged credit is rebuilt. APPLY ONLINE OR CALL NOW! Toll Free 866.452.0876 910.452.0876 Ext. 118 Ask @ PMI tax deduction! Email us |
M
R
ortgage
esources
For complete view of this website, please use Microsoft Internet Explorer.
from
| Seaside |
| Mortgage Corp |