Credit - Understand your credit
& get on a plan for approval.
Income - Most
lenders need 2 years employment history in the same line of work. The
way you are compensated can also affect your loan.
Assets - Down payment, demonstration of the ability to save,
retirement, and reserves will all be evaluated.
Property - Type, use, and
condition of property can affect your rate.
My
job is to gather your information, help you decipher the various
loan options, and put together a plan of action for the rate and
terms that coincide with your goals. You're not just "getting
a loan", financing should be addressed as a "financial tool"
contributing to your overall wealth.
Through the years, I've helped many individuals and families
through a variety of financing options. As a Mortgage Planner,
I help with:
First Time Homebuyers
(down payment assistance available)
Rate and Term
Refinances (lower your rate or change loan terms)
Equity Refinances
(debt consolidation, asset reallocation, home improvement)
Loan Modifications or Short Refinances
Home Loan
Accelerators (Pay off your home quickly)
Reverse Mortgages
Investment Scenarios
Commercial Loans
Construction and
Small - Mid Size Development Projects
Rate = Risk, The higher the risk, the higher the rate.
Cash Flow: Debt Service Ratio (DSR) has the most weight in
Commercial loans. We use calculations to come up with your DSR by
evaluating income divided by regular expenses. The higher your DSR, the
better.
Collateral: In commercial, the loan amount versus value is not the
only measurement. Sometimes the assets of a business occupying a
property or other assets of a principle owner (known as
cross-collateralization) can be used to minimize the risk on a transaction.
Capacity: We must either demonstrate the principle owner's capacity
to manage the property or the capacity of the current managers. If a
business occupies your property, the capacity of the tenant will be
considered.
Credit: Principle owner credit will be weighed but has the least
impact on your approval.
Multifamily
Mortgages
Multifamily mortgages cover properties with one mortgage and five
or more individual household units. They are traditional, market rent,
multifamily residential complexes located in both city and suburban
markets. The conventional property is characterized by good location,
appearance, construction quality, and amenities
Retail
Multifamily mortgages cover properties with one mortgage and five
or more individual household units. They are traditional, market rent,
multifamily residential complexes located in both city and suburban
markets. The conventional property is characterized by good location,
appearance, construction quality, and amenities
Mixed-Use
Multifamily mortgages cover properties with one mortgage and five
or more individual household units. They are traditional, market rent,
multifamily residential complexes located in both city and suburban
markets. The conventional property is characterized by good location,
appearance, construction quality, and amenities
Light
Industrial
Multifamily mortgages cover properties with one mortgage and five
or more individual household units. They are traditional, market rent,
multifamily residential complexes located in both city and suburban
markets. The conventional property is characterized by good location,
appearance, construction quality, and amenities
Office
Office mortgages cover buildings with single or multiple office tenants.
Office properties may be located both in central business districts
and suburban areas.
Ineligible
Properties
Inquire - sometimes private investors may be looking for your property
type..
Ace Mortgage Group, Inc.
Atlas Mortgage Group Atlas Financial Services Salinas, CA , Lisa McKelvey,
Mortgage Consultant, Broker, Lisa Layus, Loans, Real Estate, North Salinas
High School, lowest rates, California, Sacramento, Carmel Valley, Pebble
Beach, Pro-Am, wines, Vacation Rentals, First-Time Homebuyer, Down Payment
Assistance, rates, commercial, industrial, retail, homes, price, for sale,
auction,
