Residential-Commercial-Private Lending

  A mortgage buydown, also known as a mortgage rate buydown, involves paying an upfront fee in exchange for a lower mortgage interest rate. The rate reduction can either be temporary or permanent, depending on the buydown type.   There are several types of buydowns. Here’s an overview of some of the most common mortgage buydown options. →   2-1 buydown . A 2-1 buydown agreement provides a lower interest rate for the first two years of your  mortgage. Typically, your rate is reduced by 2 percentage points in the first year and 1 percentage point in the second year, which is how this type of buydown gets its name. You’ll pay the full interest rate starting in the third year and for the rest of the loan term. →   3-2-1 buydown . With a 3-2-1 rate buydown, you receive a lower interest rate for the first three years of your home loan. Your rate is reduced by 3 percentage points in year one, 2 percentage points in year two and 1 percentage point in year three. For example, let’s say your or

  Even though standard mortgages are our forte' as an independent company we also offer Speciality Loan Programs including: In-House Direct Capital Lending  (Real Estate, Business and Alternative Assets) up to $2,500,000 We offer Buyouts of Loan Notes  (Performing and Non-Performing) up to $1,000,000 Nationwide Business and Commercial Loans Trust Company Lending  (Loan amounts up to $75,000,000 for Rental Portfolios, Commercial and Multi-Family) Equity Sharing Agreements - Cash Out (No Qualification and No Payments) To see how we operate differently visit us at: www.McCormickLendingGroup.com     Bob McCormick, President Toll Free 800 328-0144 Email- McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660  mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

Nationwide  Commercial Lending Options Since May 2000 we have utilized our own internal funding or partnerships with domestic banks, GSE's (Fannie Mae, Freddie Mac), HUD, CMBS, SBA, midsize to large insurance companies, wholesale conduit lenders, portfolio, private and equity capital companies.  We have the resources and specialized relationships available to accommodate most every commercial and investor property loan situation with our streamlined process.  In-House Direct Bridge Funding  (Owner-Occupied and Investor) up to $2,500,000 6-36 month term Small Balance Low Doc D SCR Commercial and Investor up to $5,000,000 (Portfolio) Bank, Non-Bank, CMBS, Private Debt, Fannie/Freddie, Trust and LifeCo loan amounts range from $100,000 to $100,000,000+ SBA 7a and 504 Property & Business Lending  (Up to $5,500,000) Programs Offered Conventional and Non-Bank Commercial Fannie Mae, Freddie Mac and HUD  CMBS  Portfolio and In-House Private Lending Insurance Company Lending Trust Lendi

Wholesale Vs. Retail Mortgage Rates Explained We work with several banks and mortgage wholesalers that allows us to shop rates for our clients.  Being that we do the origination and processing for these sources we receive Wholesale Rates which are discounted from Retail Rates (rates offered from bank branches, direct mortgage lenders, servicers etc.). There can be a large variance (both positive and negative) between lenders on a daily basis regarding the Wholesale Rate that they offer as they compete for market share.  Being that we have several sources to choose from for our client we always have aggressive pricing options. Once we close a loan for our client the loan is then serviced by the bank, lender or servicing company.  The majority of the time they have an internal Retail division that may re-solicit the client for future business. They will make it seem that they can "streamline the mortgage process" as they currently have the loan in their servicing departme

  Besides being  extremely aggressive  on our Conforming and High Balance Fannie Mae/Freddie Mac, USDA, FHA and VA saleable loans using our  Wholesale Rates , we also offer In-House Private and Portfolio Underwriting for unique "outside of the box" loan situations. In-House Direct Private Lending No Seasoning on IRA Distributions for Income Asset Depletion Calculation for Income Bank Statement Deposits for Income Cross Collateralization (in lieu of a Bridge Loan) Reverse Mortgage (No Debt Ratios, Fixed Rate and No PMI) Second Mortagages (Heloc, Fixed Rate and Reverse) Feel free to contact me with any questions   Visit us at  www.McCormickLendingGroup. com Toll Free 800-328-0144 Bob McCormick, President 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal H ousing Lender

According to recent reports, while exact figures vary, a significant portion of commercial real estate loans are currently being denied by banks, with some estimates indicating that  around half  of loan applications are being rejected due to tightening lending standards and concerns over market volatility, particularly in the office sector;  this is largely driven by rising interest rates and potential property value declines. We offer: Portfolio Investor and Commercial Lending (Low Documentation) Qualifying based solely on Lease Agreements and/or Rent Schedule No Business or Personal Tax Returns or P&L Statements Loan Amounts up to $5,000,000 30 Year Fixed Rate with Interest Only Option and No Balloon Fico Scores as low as 650 1 Day Seasoning for Ownership or BK Non- Recourse Property Types SFR, Condo and 2-4 Units Bridge Acquisition and Construction Rental Portfolio Office, Retail, Warehouse Multifamily, Mixed Use Self Storage, Automotive Feel free to contact me with any questio

Bank Statement or Asset Depletion Qualifying Take Advantage of tax write-offs for self-employed borrowers Use personal or business bank statements 12 or 24 month bank statement options Less than 30 day turn time As little as 10% down Credit score as low as 620 Loans up to $3,000,000 Up to 50% DTI Contact Us With Any Questions Visit us at  www.McCormickLendingGroup.com Bob McCormick, President   Toll Free 800-328-0144   Email-  McCormickLending@gmail.com Residential-Portfolio-Private-Reverse 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660  mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

Home Equity Line of Credit Fixed Rate Home Equity Loans Reverse Mortgage Second Loans Shared Appreciation Loans Utilize home equity without refinancing your first mortgage for high interest rate debt consolidation, home improvement, college tuition, etc . Up to 89.99% on owner occupied homes 85% CLTV on investment properties & second homes Adjustable rate HELOCs, fixed rate Home Equity Loans, Reverse Mortgage Second Loans, Shared Appreciation Loans (No monthly payments) Piggyback purchases & refis, standalone 2nds, and 1st lien HELOCs Maximum Line/Loan Amount is $500,000 If you have any questions regarding these or any other mortgage option please let me know. Visit us at  www.McCormickLendingGroup.com Bob McCormick, President   Toll Free 800-328-0144   Email-  McCormickLending@gmail.com Residential-Commercial-Business Lending 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660  mb0903631 nmls175743 nmls179756 Cadoc603J