Cross Collateral Loan Program
Mortgage Quest
a dba of McCormick Lending Group, Inc.
Even though our business model focuses on offering interest rates generally .25-50% lower than the competition we now also offer this loan option to help our clients secure financing:
Cross Collateral Loan Program
This program allows our clients to use the equity in their current home to purchase or construct a new home by obtaining ONE loan against the new property and the existing property combined. When the existing property is sold and the principal balance is reduced the exisiting property is released and the loan is re-amortized over the remaining term; No refinancing is needed!
- ONE loan, which is secured by the new property and current residence
- May be able to borrower up to 100% of the new home and closing costs
- Provides ability to make a non-contingent offer
Feel free to contact me or visit us at www.McCormickLendingGroup.com
Bob McCormick, President
Toll Free 800-328-0144
"Don't Overpay For Your Mortgage"
AZMB#0903631 / CFL #603J043 / NMLS #175743
Toll Free: (800) 328-0144 Fax: (888) 570-6740