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| THANK YOU'S - FROM HAPPY CUSTOMERS |
| CONVENTIONAL LOANS: (30, 20, 15, 10 Year) |
| Money Merge Account |
| GOVERNMENT LOANS: |
| FIRST TIME HOME BUYER LOANS: |
| SUBPRIME LOANS |
| COMMERCIAL LOAN |
| 1 Year, 3/1, 5/1 or 7/1 ADJUSTABLE RATE MORTGAGE (ARM): |
| 5/25 or 7/23 EXTENDABLE BALLOON |
| CONSTRUCTION LOANS |
| 180-360 DAY EXTENDED INTEREST RATE LOCKS for NEW CONSTRUCTION - With FREE Float-Down Option |
| SPECIAL CIRCUMSTANCE LOANS: |
| STAND ALONE HELOC |
| CLOSING COSTS: |
| PRIVACY POLICY: |
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THANK YOU'S - FROM HAPPY CUSTOMERS
"Thank you so much for assisting us with our home loan. We truly appreciate the hard work and dedication you provided to get us into our home on time! You are truly an angel! God Bless you always. :0) Susi & Kim
"We both want to thank you for your professional service. It went very smooth and cost us less than we expected. We hope to send you more business." B & D Miller
"You have been great through our house buying process! You provide great communication every step of the way. I appreciate that you have worked to get the interest rate to a great rate for us (with your no-closing-cost loans) and have always been available to handle our needs. You make us feel like a VIP and we will recommend you to anyone who needs a mortgage loan! Chip & Mendy Kooi
Thanks so much for making this process such an easy one! One trip to your office, a few faxes back and forth, a few phone calls later and it was all over! There is no way this process could have been easier or smoother. Thanks again. Stan & Debbie Reichert
Maximum Amount: $417,000
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CONVENTIONAL LOANS: (30, 20, 15, 10 Year)
All fixed rate products are amortized over the life of the loan and have the same payment month to month during the term. When your final payment is made at the end of the amortization period, there is no remaining balance due. There are no prepayment penalties for 'A' credit loans.
Term: 30 years
Maximum Amount: $417,000
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| | | Call for rates. Rates are subject to change without notice due to the volatile market. Price adjustment for cash out refinances varies depending on loan-to-value. |
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Money Merge Account
Tired of paying that mortgage payment? How would it impact your life to have your mortgage paid off?
This program allows you to payoff your present mortgage in 1/3 to 1/2 the time, without upsetting your budget, or refinancing! This is not a bi-weekly program. This program can be added to a new purchase or refinance - or you can use it with your present mortgage without refinancing!
Go to http://www.getdebtfreequick.com to view a brief overview video. Call Cindy Glenn with your mortgage details to get your FREE ANALYSIS and see the thousands of dollars that you can save!
I set this up on one of my investment properties, and instead of paying it off in 30 years, I will pay it off in 10 years! This doesn't require additional money out of my pocket either. This just uses banking principles to save me money.
This program has been in use in Australia for the past 12 years. On average, on a $200K loan, they will save $150,000 in interest, over what we pay here!
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GOVERNMENT LOANS:
FHA loans (97%-97.75% LTV) at good rates; property appraisal is a little more stringent than most conventional appraisals. Allows borrower to qualify to purchase a home with more leniency than most conventional loans. FHA charges an upfront MIP payment that is rolled into the loan (1.5% of purchase price). 1/07 New Max FHA loan maximum in Oklahoma County is $200,100.
VA loans are 100% loans with no Mortgage Insurance required. A VA funding fee is required, depending on the veteran's status. Disabled veterans may be able to have the funding fee waived. Even with this funding fee, the VA loan is usually a 'better deal' (less money out-of-pocket over the term of the loan) than a conventional loan, if you qualify. 1/01/07 VA loan maximum, including the funding fee, is $417,000 with most lenders.
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FIRST TIME HOME BUYER LOANS:
I have a variety of loan products that fit the First-Time Home Buyer to a T!
I have 97%, 100%, and 103% loans (credit score requirements vary from program to program - ask for details).
I have loans for a borrower with good credit, but no down payment saved.
I have A- loans for people with 'fairly good-but not perfect credit' at very good rates
I have the 97% & 100% loans for borrowers who have good credit, and who have a little money saved or who may need gift money from a relative. These loans also allow you to borrow money against an asset you presently own (car, etc) for your down payment.
I also have available a seller-participating GRANT to pay your down payment cost on an FHA loan!
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SUBPRIME LOANS
We are the leader in Subprime mortgage loans. Even with less than perfect credit or just discharged from a bankruptsy, our range of subprime loans can help you buy a home and start rebuilding your credit. Subprime loans eliminate expensive mortgage insurance. Options include both fixed and adjustable mortgage rates, prepayment or no prepayment penalties, 15, 20, 30, and even 40 year terms! Call for further details.
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COMMERCIAL LOAN
Unlike many bank programs, the EasyCash Loan Program is a Stated Income/Stated Asset program. We've cut the RED TAPE! NO TAX RETURNS, easier appraisal process, environmental insurance rather than costly environmental studies, from multifamily to special use properties, loan amounts under $1,000,000. 30 year fixed rates are available instead of a 3-5 year balloon terms your bank would offer!
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1 Year, 3/1, 5/1 or 7/1 ADJUSTABLE RATE MORTGAGE (ARM):
These loans have great rates right now and are very well suited for the customer that wants the best rates in the mortgage market (or a customer who knows he/she has a certain time they will be in a location). For example, military personnel who know they will be at an assignment for no less than 3 years, the 3/1 ARM is a good option.
Adjustable rate mortgages have fixed interest rates for the initial period, either 1, 3, 5, or 7 years, and payments are based on a 30 year amortization. After the initial period, the interest rate will be adjusted and fixed for the following 12 months, and then adjusted again annually thereafter. At each adjustment period, your payment will be based on the then outstanding principal balance, scheduled to be fully amortized at the end of the 30th year from the commencement of the loan.
Each lender shall determine the index and margin that will determine your adjusted interest rate. Each lender will also determine the maximum that your interest rate can be adjusted at the adjustment dates. Typically, there are initial caps, annual caps and lifetime caps. Before committing to an adjustable rate loan, please be sure you ask me for specific details about the loan terms. i.e., 2/2/5 or 2/2/6 is typical.
Term: 30 years
Maximum Amount: $417,000
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| | Call for rates. Rates are subject to change without notice due to the volatile market.
There is also a CONVERSION option with one ARM loan that allows you to convert to a fixed rate after closing anytime the fixed rates get to a point that you like (up to 5 years after the closing). This is a GREAT OPTION!
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5/25 or 7/23 EXTENDABLE BALLOON
Balloon loans, sometimes called Two-Step loans are fixed for the initial period. For example, a 5/25 Balloon will have a fixed interest rate for the first 5 years, based on an amortization of 30 years. At the end of the initial term, most of these loans have an option that will allow you to convert the loan to another fixed rate loan for the remainder of the 30-year period. In the example of a 5/25, should you exercise the option to extend the loan, your payment would be fixed for the final 25 years based on the market rates at that time. There are no prepayment penalties.
Term: 30 years
Maximum Amount: $417,000
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| | Terms for determining the interest rate at time of conversion may vary from time to time, and from lender to lender. Be sure to ask before making a commitment. Generally, the lender is giving you the current market rate at that time. There are six requirements you must satisfy to be eligible for the conversion. Ask for details.
Determining your conversion rate: Typically, your new rate will be based on the current Fannie Mae 60 day yield (widely published), plus a margin of .375 to .625%. Example: If Fannie Mae 60 day yield = 6%, add .625%, your conversion rate would be 6.625%
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CONSTRUCTION LOANS
I have the BEST EXTENDED LOCKS for NEW CONSTRUCTION!
I have a variety of construction loans available:
One-Time Close, 90-95% loan;
One-rate one-close 90-95% ltv (plus an option for borrowers who need a stated income option 660 credit score required, 90% ltv);
Standard 2-close with 12 month construction period, interest only payments during construction; Owner/Builder: If you can prove by your resume that you can manage the construction project, I can get you approved (not for spec homes, credit score requirements vary with lender.)
Jumbo construction loans - call CINDY for more details
The GREAT NEWS is you have several CHOICES to find the construction loan to suit you!
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180-360 DAY EXTENDED INTEREST RATE LOCKS for NEW CONSTRUCTION - With FREE Float-Down Option
I have several 180-360 day lock options that lock in your interest rate, but also let you 'float down' if rates are lower prior to closing. Another way to 'float down' is to move from an adjustable rate lock to a fixed rate loan within the last 60 days before the lock expiration date. Most of these extended locks require a deposit of 1/2 to 1 1/2 points depending on the lock term.
There is also a CONVERSION option with one loan program that allows you to convert to a fixed rate after closing anytime the fixed rates get to a point that you like (up to 5 years after the closing). This is a GREAT OPTION!
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SPECIAL CIRCUMSTANCE LOANS:
Stated Income, No Income Verification, No Employment Verification Loans and No Doc loans (credit score requirements vary from 620-720). These loans are often used for self-employed borrowers due to the 'catch 22' situation that self employed borrowers find themselves in, i.e. you want to show all the expenses possible to reduce your tax liability, but mortgage lenders will only use the income you've reported as your 'adjusted gross income' on your tax return (+depreciation & depletion).
For good credit customers, stated income loans are meant to allow more flexibility. The borrower is allowed to state the income they make, without proving it with tax returns.
This borrower will also need to provide a letter from their CPA stating they have been self-employed in the same business for the last 2 years, YTD profit & loss statement, and usually are asked to prove that they have a business listing in the phone directory (&/or a business license). There are many varieties of these loans. If you have a specific question, please call Cindy to help you determine what loan program would work best for you.
There are even A- stated income loans available for those borrowers with a few 'dings' on their credit. This A- option loan allows the marginal borrower to get a much better rate than they would on a sub-prime loan (B thru D credit). I can often get an approval with automated underwriting using this option.
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STAND ALONE HELOC
I have a variety of home equity lines of credit (or 2nd mortgages) with NO PREPAYMENT PENALTY. Your credit score determines what loan-to-value I can get you as well as the rate.
I also have stand-alone lines of credit that will allow you to get cash out of the equity in your home, without refinancing your first mortgage.
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CLOSING COSTS:
Your mortgage closing costs may include a mix of the following categories:
1. Appraisal, 2. Underwriting & Doc Preparation lender fees, 3. Abstracting costs, 4. State and County fees & taxes, 5. Inspection & Home Warranty, 6. Title Insurance & Title Closing fees; 7. Prepaids (costs to establish lender escrows for insurance and taxes). Depending on how your contract is written, the seller may share some of these costs.
Since I have over 100 lenders available, as you can imagine, each lender has their own unique set of lender fees which total from $375 to $675. Typically, the lenders with the 'best rates' often charge a little higher lender fees than those lenders who are not as competitive with their rates.
The loan program you and I choose together, and the interest rate & loan programs you qualify for, will direct me to the most competetive lender(s) who carry that loan.
NO UPFRONT FEES FOR APPLICATION OR PRE-APPROVAL. At our appointment you may want to bring your check for the appraisal (if you have a purchase contract). This gets your loan started in processing.
For a conventional loan =<$200,000, the appraisal fee is $350. For VA & FHA loans it is $375. Since most of the loans I process utilize automated underwriting, I may be able to get an appraisal waiver ($50 fee) if your loan-to-value ratio is 80% or less and you have good credit.
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| | After we have talked about your loan, I will give you a full disclosure estimation of closing costs. This is called a Good Faith Estimate. Every borrower should ask for a Good Faith Estimate from any lender that you are 'shopping' with. Besides, it is federally required.
Send me your best Good Faith Estimate and I will do a FREE LENDER ANALYSIS and compare 'apples to apples' for you. Unfortunately, some companies in this business make a practice of telling you lower rates and fees over the phone than they can deliver, just to get you in the door. I don't do that!
My Good Faith Estimate will be a 'worst case scenario' (estimating to the high side) so that there will be NO SURPRISES AT THE CLOSING. Most of my customers come to the closing with less money than I prepared them for . . . and EVERYBODY IS HAPPY then! I like to treat my customers like I want to be treated - with honesty, integrity, and efficiency. |
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PRIVACY POLICY:
Your privacy is very important to me.
I do not sell or distribute ANY of your personal information to ANY third party companies for marketing purposes. Your information will only be shared with those companies necessary to complete your loan transaction.
We collect non-public personal information about you as a consumer, customer or former customer from the following sources:
Information we receive from you on applications, loan documents, sales documents, or other forms.
Information about your transaction with us, our affiliates, or others.
Information we receive from a consumer reporting agency.
We do not disclose any nonpublic personal information about our customers or former customers to anyone, except to our affiliates, and financial institutions involved in obtaining a new mortgage loan and as permitted by law.
We restrict access to non-public personal information about you to those employees, and financial institutions who need to know that information to provide products and services to you. We maintain safeguards, which restrict access to your non-public personal information.
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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 $12,510. 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 $417,001 with closing costs of $12,510. Your actual APR may be different depending upon these factors.
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