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Cypress Realty & Mortgage - Content Pages - Debt Consolidation Loan - Debt Consolidation Loan
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Is when you get a single loan to pay off all of your smaller loans leaving you with just one monthly payment rather than several. Complete the. Benefits of a Debt Consolidation Loan. Ncrease Cash Flow by consolidating consumer debt. Lower The Interest Rate on Money. Fix the Rate of all outstanding debt. Single Payment: Consolidate several payments into one. Stress reduction when not managing mulitiple debts. Tax deductible interest on the. Credit will improve when paying. Off maxed out credit ca. 300,001...
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Cypress Realty & Mortgage - Content Pages - Flex Term Loan Program - Flex Term Loan Program
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Flex Term Loan Program. Is a new loan program that provides borrowers with the option to select the amortization term that works best for their financial situation. This means the client can choose to have a loan with an amortization term with as many as 30 years or as few as 8. Keep the same payment but shortening the term of the loan. Sometimes a client can qualify for a lower rate but is comftorable with their existing payment. In this case they could try to keep the payment roughly the same b...Cash ...
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Cypress Realty & Mortgage - Content Pages - Reverse Mortgage - Reverse Mortgage
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Is a loan where homeowner 62 and older can borrow from the equity of their home. The goal of the loan is to provide monthly income to assist the homeowner in covering monthly living expenses. Stay in home without payment. Pay off Bills and consolidate all debt. Product Flexibility for needs. No credit check or income verification. Increase Monthly cash flow. Reverse Income not taxed. No Monthly Mortgage Payment. Take cash out to complete Home repairs and Improvements. All borrowers must be 62 a. 700,001 ...
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Cypress Realty & Mortgage - Content Pages - VA IRRRL - VA IRRRL
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VA Interest Rate Reduction Loan or VA Streamline. Holders a great opportunity to take advantage of the low interest rate market and. Reduce their rate and payment with a very simple process. Complete the. Form to confirm eligibility. VA IRRRL / VA Streamline Loan Benefits. Lowering your interest rate. Reducing the amount of interest paid. Gain equity faster with a lower interest rate. Securing a Fixed Rate Mortgage. No appraisal with most lenders. Removing Adjustable rate loan. Return to Loan Options.
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Cypress Realty & Mortgage - Content Pages - Jumbo Loans - Jumbo Loans
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Is a mortgage amount that is higher than the conforming loan limits set by the Office of Federal Housing Enterprise Oversight (OFHEO). This means a. Is not eligible to be guaranteed or secularized by Fannie Mae or Freddie Mac. Because the institutions that securitize these loans dont have the guarantee of Fannie Mae or Freddie Mac the yield premiums are normaly a little higher than conventional loans. Purpose for Jumbo Loans. No cash Out Refinances. Jumbo Loan Eligibile Properties. Return to Loan Options.
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Cypress Realty & Mortgage - Content Pages - Super Conforming Loan - Super Conforming Loan
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Loan that uses higher maximum loan limits than the standard conforming loan products. These loans are designated in high-cost areas and each counties eligibility can be reviewed by a consult or on the. Website. The higher loan limits that. Allows are intended to provide more loan options in high cost areas that will result in lower borrowing costs for these types of borrowers. Super Conforming Loans Purpose. No cash Out Refinances. Super Conforming Loan Products. 30,20 and 15 year Fixed Rate Mortgages.
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Cypress Realty & Mortgage - Content Pages - VA LOANS - VA LOANS
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Are used for the purchase or refinance of a primary residence. The. Is a mortgage that is guaranteed by the U.S Department of Veterans Affairs. Eligible borrowers consist of Veterans, Active duty personal, National guard or reserves and some surviving spouses. No Mortgage Insurance Premiums. Ability to prepay interest without penalty. Applicants dont need perfect credit. Limits on loan closing Costs. COE Certificate of Eligibility. Click link to view the. Limits by county as well as eligibility. 900,001 ...
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Cypress Realty & Mortgage - Content Pages - 95% LTV No Mortgage Insurance - 95% LTV NO Mortgage Insurance
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95% LTV NO Mortgage Insurance. 95% No Mortgage Insurance loan. Is a great product that lets you borrow up to 95% of the properties Value with no Mortgage Insurance. This is a great loan for purchases and high loan to value borrowers. Eliminate Monthly Mortgage Insurance. Increase your buying power. Underwrite to DU Findings. 100% Gift for downpayment on purchase loans. Lower Monthly payment than standard MI. Change term from adjustable rate to fixed rate product. 30 Year Fixed Loan. 15 Year Fixed Loan.
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Cypress Realty & Mortgage - Content Pages - Conforming Loan - Conforming Loan
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Is a mortgage loan that conforms to the Fannie Mae and Freddie Mac guidelines. The most important guidelines is the size of the loan, which is generally limited to $417,000 for single family homes.Additional underwriting guidelines will include the loan-to-value ratio on the property as well as the borrowers debt-to-income ratio, documentation requirements and credit score. Purpose for Conforming loans. No cash Out Refinances. 1-4 unit Primary Residence. 1-4 unit Income Property. To Get Started Click Here.
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Cypress Realty & Mortgage - Content Pages - FHA Loans - FHA Loans
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Is a government sponsored loan program that is insured by the Federal Housing Administration. Due to the government insuring the loan it allows. Approved lenders be more lenient on credit and loan to value guidelines. Benefits of FHA Loans. Score requirements are more lenient. Guidelines are more lenient. No Pre Payment Penalty. Streamline FHA Refinances are fast and easy. FHA Loans can be Assumed. Factors in Determining FHA Loans. The better the score the better refinance options. Loan to Value Ratio.
