Are you looking to purchase a home now using current employed income, yet also looking to refinance to a lower rate in the future when you are retired?
Problem: Most lenders will require you qualify based on current higher income, but you may not meet their requirements if you are receiving smaller retirement income.
Solution: Purchase a home now with a fantastic rate of 6.125% on 7/1 ARM, utilizing your current employed income. All future refinances with this portfolio lender do not require proof of income or credit score.
Loan example: $810k purchase, $648k loan amount, 20% down payment, single family residence, 740+ FICO = 6.125% rate, 6.219% APR, 7/1 ARM, no points, no PMI, $1,250 lender fees, ALL STATES.
Program details:
- When rates decrease by .125%, request lender lower rate
- $1,250 in costs to modify rate
- Reset original term of 7/1 to new 7-year term
- No appraisal, no credit check, no income qualifying
- No limit on number of rate modifications
Restrictions apply.
Call 714-310-4162 for more information.
Recent review on Review Inc.:
“I’ve known and worked with Dan Stone for many years. He’s helped me with multiple mortgage loans and refinancing. Dan is super knowledgeable and always has your best interest, to save money. Dan’s fees are very fair and are made up in all the money I’ve saved over the years. Thank you, Dan the Man!” -John H.
“I’ve known and worked with Dan Stone for many years. He’s helped me with multiple mortgage loans and refinancing. Dan is super knowledgeable and always has your best interest, to save money. Dan’s fees are very fair and are made up in all the money I’ve saved over the years. Thank you, Dan the Man!” -John H.