Posts

It's Pretty Simple: Low Overhead + Low Margins = Low Rates!

Image
  It's Pretty Simple: Low Overhead + Low Margins = Low Rates! Almost 25 years ago, after working for large banks and mortgage banking companies, I figured out how to operate a mortgage company using a business model which allows us to offer ultra-low interest rates for our clients. By receiving Wholesale Interest Rates, and as the sole-owner/loan officer, I personally control our pricing model which keeps our rates very low versus the competition. We have cut out the extra layers of loan officer commissions, high office rents, office salaries and expenses and pass these savings on to our clients via lower rates. At any time we can do a quick rate comparison to ensure that you are receiving the lowest rate and costs possible. CLICK HERE FOR A QUICK COMPARISON We are extremely aggressive on Jumbo, Conforming and High Balance Fannie Mae/Freddie Mac, Non-QM, USDA, FHA and VA saleable loans. Residential-Commercial-Portfolio-Private-Reverse Lending Residential Conventional, Government ...

Portfolio Underwriting Qualifying (Outside of the Box)

Image
We utilize our same low cost pricing model for these loans as well: "Non-QM" Portfolio Underwriting Options  12 or 24 month bank statement income options Asset Depletion for Income Bank Statement Balance = Loan Amount  Alternative Income (1099 only, employment verification form, ITIN) Debt Service Coverage Ratio (DSCR) P&L Only Foreign National  Credit score as low as 620 Loans up to $4,000,000 Contact Us With Any Questions 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

Loan Programs Offered

Image
Residential-Commercial-Portfolio-Private-Reverse Lending Residential Conventional, Government and Jumbo   Loan Programs (Fannie Mae/Freddie Mac, FHA, VA, USDA, Portfolio and Private ) Non-QM Portfolio Loan Programs -   No Tax Returns Needed (only use bank statement deposits, lease agreement or bank balance for qualifying) (Residential and Commercial) In-House Direct Private Lending  (Residential and Commercial) Reverse Mortgages  (55+ years old)  Second Mortgages  (Heloc, Fixed Rate and Reverse)  Bridge and Cross- Collateralization   Loans  (Purchase or Refinance) Nationwide Commercial Real Estate Loan Programs  (SBA, Conventional, Non-Bank, Insurance Company, HUD, Fannie Mae/Freddie Mac, Portfolio, Private, CMBS and Trust Lending) (Full SBA 7a and 504 product suite)  Contact me with any questions or scenarios  www.McCormickLendingGroup.com     Bob McCormick, President Call Toll Free 800 328-0144 Email- McCormickLend...

Nationwide SBA Business Lending

Image
Nationwide SBA Business Lending Available! SBA 7a and SBA 504 SBA 7(a) loans can be used for a variety of purposes, including:     Real estate :  Acquiring, refinancing, or improving real estate and buildings     Working capital :  Short- and long-term working capital, including startup costs and operating capital     Debt refinancing :  Refinancing current business debt     Equipment :  Purchasing and installing machinery and equipment, including AI-related expenses     Furniture, fixtures, and supplies :  Purchasing furniture, fixtures, and supplies     Changes of ownership :  Complete or partial changes of ownership     Multiple purpose loans :  Any of the above purposes     Business inventory :  Purchasing business inventory   Acquisitions :  Funding business acquisitions     Leasehold improvements :  Financing leasehold improvements, such...