Thursday, August 4, 2022

Low Overhead + Low Margins = Low Rates!

 

With the changing environment it helps our clients ability to qualify for more while at the same time making sure that they are obtaining the lowest rates and costs. Here are a few ways in which we can help:

As the sole owner and loan officer I personally control our pricing model. Thus, by cutting out a layer of employee compensation "overhead" our rates are very aggressive (Generally, .25% - .50% lower rate with the same fees as the competition on Fannie/Freddie/ Gov't Loans)!

We are able to lock in rates upfront while offering Free Rate Floatdowns if the market improves by either renegotating rate lock or internally changing investors/lenders!

We offer options for all loan types (including in-house Bridge and Portfolio underwriting)!


To see how we operate differently visit us at:


Residential-Portfolio-Private-Reverse
  
Bob McCormick, President
Call 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

Lending in Arizona and California

 
 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender
at

Monday, August 1, 2022

Loan Options Available to Tap Into Home Equity (Pay off high interest debt, Home remodeling, etc.)

 

Home Equity Line of Credit and Fixed Rate Heloans
(Up to 90% Loan to Value and Investment Property Options)

Reverse Mortgages
(55 Years Old +, No points and Interest Rate Caps!)

First Mortgage Cash-Out Refinances
(Up to 80% Loan to Value For Primary Homes on a Conventional or FHA loan, 100% Loan to Value for VA!)

Feel free to contact me with any questions


Bob McCormick, President
 
Toll Free 800-328-0144 

Residential-Commercial-Portfolio-Private-Reverse

Lending in Arizona and California

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
at

Wednesday, July 20, 2022

Reverse Mortgages With No Origination Fees and Interest Rate Caps!


As the owner of Mortgage Quest I control our pricing model and have extremely low  margins and costs for our clients!
  • We offer extremely low margins and costs on our Reverse Mortgages  to help preserve as much equity as possible over the life of the loan (most reverse mortgage lenders do not offer this as they want to maximize their own profit)
  • For borrowers over 55+ years old looking to purchase or refinance
  • Only have to qualify to prove ability to pay annual property taxes and insurance
  • You always keep title and own your home
  • Access to a Line of Credit that grows over time
  • No Origination, Title and Underwriting Fee Options Available


Bob McCormick, President

Office 800-328-0144
Email Me

Lending in Arizona and California 

14362 N Frank Lloyd Wright Blvd 1000
Scottsdale, AZ 85260

23 Corporate Plaza Dr. #150
Newport Beach, CA 92660


Residential-Commercial-Portfolio-Private-Reverse

mb0903631 nmls175743 nmls179756 Cadoc603J043  EQUAL HOUSING LENDER
at

Tuesday, July 12, 2022

"Don't Overpay For Your Mortgage" (Utilize Our Wholesale Rates)!

   

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

Over 22 years ago, after working for large banks and mortgage banking companies, I figured out how to operate a mortgage company utilizing a business model which allows us to offer ultra-low interest rates for our clients. 

We utilize extremely low operating costs and margins. Also, by receiving Wholesale Interest Rates and as the owner/loan officer I personally control our pricing model which keeps our rates generally .25% - .50%+ lower than the competition with the same fees and costs! 

We are extremely aggressive on our Conforming and High Balance Fannie Mae/Freddie Mac, USDA, FHA and VA saleable loans.

To see how we operate differently visit us at:

  
Bob McCormick, President
Call Toll Free 800 328-0144
Email- McCormickLending@gmail.com

Residential - Commercial - 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
at

Monday, July 11, 2022

Asset-Based Investment and Small Commercial Property Mortgage Programs

 


   

FlexTerm Loan A customized loan to meet the individual needs of each investor.
Designed for real estate investors seeking lower payments on a long-term, fixed-rate loan with no balloon payment.
KEY FEATURES
30-year fixed rate. Interest-only payments up to 10 years. Great for qualifying self-employed investors and small business owners. Based on property value, not personal income. Best alternative to hard money loans.
PROPERTY TYPES
Investor 1-4 (SFR, Condo, and 2-4 Units) Multi-Family (5+ Units) Mixed-Use Commercial (Office, Retail, Warehouse, Self-Storage, and Automotive)

Fast50 Loan A low LTV loan with easy credit requirements.
Designed for investors with derogatory credit issues and high equity seeking quick and easy credit qualification.
KEY FEATURES
Streamlined underwriting. No seasoning of ownership required. Improved pricing compared to our FlexTerm program. Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
PROPERTY TYPES
Investor 1-4 (SFR, Condo, and 2-4 Units) Multi-Family (5+ Units) Mixed-Use Commercial (Office, Retail, Warehouse, Self-Storage, and Automotive)


To see how we operate differently visit us at:


Residential-Commercial-Portfolio-Private-Reverse
  
Bob McCormick, President
Call 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

Lending in Arizona and California

 
 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender
at

Monday, July 4, 2022

Heloc's Available (Up to 90% Cltv and Investment Property Options)

 

Home Equity Line of Credit and Fixed Rate Heloans Available

  • CLTV' s to 90% and DTIs to 50%
  • Rates as low as 4.75% (APR varies depending on scenario) 
  • 90% CLTV on investment properties & second homes
  • Adjustable rate HELOCs, fixed rate Home Equity Loans, and Bridge Loans
  • Piggyback purchases & refis, standalone 2nds, and 1st lien HELOCs
  • Maximum Line/Loan Amount is $500,000

Bob McCormick, President
 
Toll Free 800-328-0144 

Residential-Commercial-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



at

Thursday, June 30, 2022

Independent Morgage Company = Lower Rates and Free Floatdowns!

 


With the changing environment it helps our clients ability to qualify for more while at the same time making sure that they are obtaining the lowest rates and costs. Here are a few ways in which we can help:

As the sole owner and loan officer I personally control our pricing model. Thus, by cutting out a layer of employee compensation "overhead" our rates are very aggressive!

We are able to lock in rates upfront while offering Free Rate Floatdowns if the market improves by either renegotating rate lock or internally changing investors/lenders!

We offer options for all loan types (including in-house Bridge and Portfolio underwriting)!


To see how we operate differently visit us at:


Residential-Portfolio-Private-Reverse
  
Bob McCormick, President
Call 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

Lending in Arizona and California

 
 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender
at

Low Overhead + Low Margins = Low Rates!

  With the changing environment it helps our clients ability to qualify for more while at the same time making sure that they are obtaining ...