Good Credit and Income Refinances.

a) Full Document Loans

• We can refinance your home, pay off all your high interest credit cards and car, lowering your monthly payment by hundreds of dollars every month, and giving you cash out.
• Loan amounts up to $4 million.
• All borrowers on the loan must have had a steady income for the previous 2 years in any number of jobs, or can be self employed.
• The previous two years tax returns, w2’s and last two pay stubs are submitted with loan and verified by lender.
• At least one of the borrowers on the loan should have a minimum of 3 open credit lines, each with a $500 or more balance, that have been paid regularly for the previous 24 months.(Example: a car payment, credit cards, department stores accounts, etc.)
• Copies of three months previous bank statements, savings accounts, Ira’s and 401k’s are required.
• A debt ratio of not more than 45% is acceptable for this loan. (This means all the borrowers can total their monthly income, before tax, and allocate up to 45% of that income against mortgage payments, plus all monthly consumer debt payments that are not being paid off with the loan, and monthly payments of property tax & insurance.)
• Borrowers with credit scores over “680” and the loan amount required will determine the interest rate charged and the loan costs, if any, to be charged on the loan.
• All closing costs, if any, are financed in the loan.
• We can loan up to 100% of the value of your property.

Provided:

• You have had no bankruptcies or property foreclosures in the previous 24 months.
• You have had a steady income for the previous 2 years.
• You have no unpaid tax or other liens at closing

b) Stated Income Loans.

• We can refinance your home, pay off all your high interest credit cards and car, lowering your monthly payment by hundreds of dollars every month, and giving you cash out.
• Loan amounts up to $4 million.
• Borrowers do not have to supply tax returns, W2’s or pay-stubs to verify their income. They can simply state the gross amount earned on the application. Their employment is verified but not their income.
• At least one of the borrowers on the loan should have a minimum of 3 open credit lines, each with a $500 or more balance, that have been paid regularly for the previous 24 months.(Example: a car payment, credit cards, department stores accounts, etc.) Copies of three months previous bank statements, savings accounts, Ira’s and 401k’s are required.
• A debt ratio of not more than 45% is acceptable for this loan. (This means all the borrowers can total their gross stated monthly income, before tax, and allocate up to 45% of that income against mortgage payments, plus all monthly consumer debt payments not being paid off with the loan, and monthly payments of property tax & insurance.)
• Borrowers with credit scores over “680” and the loan amount required will determine the interest rate charged and the loan costs, if any, to be charged on the loan.
• All closing costs, if any, are financed in the loan.
• We can loan up to 100% of the value of your property.

Provided:

• You have had no bankruptcies or property foreclosures in the previous 24 months.
• You have had a job or were self employed for the previous 2 years.
• You have no unpaid tax or other liens at closing.