Reverse Mortgage Options (Low Costs and Margins) preserving equity

-

As the owner of Mortgage Quest I personally control out pricing model.  This allows us to offer extremeiy low margins and costs on our Reverse Mortgages helping preserve as much equity as possible over the life of the loan.


Equity disbursement is Tax Free

With the Fixed rate option the rate never changes and does not have the 2% financed FHA Mortgage Insurance

Use equity for Tax Free Liquidity versus liquidating asset accounts

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

Borrowers always keep title to their home

No Prepayment Penalty


To see how we operate differently visit us at:

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

Residential - Commercial - 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

Comments

Post a Comment

Popular posts from this blog

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

-
Image
We are a full service mortgage company specializing in Residential-Commercial-Portfolio-Private-Residential Lending Almost 25 years ago, after working for large banks and mortgage banking companies, I figured out how to operate an independent mortgage company using 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 sole-owner/loan officer , I personally control our pricing model , which keeps our rates very low versus the competition as we have cut out most layers of expenses (high office expenses, processing fees and extra loan officer commissions). We then pass these savings on to our clients via lower rates and costs. Having closed thousands of loans during my career I have handled most every loan situation imaginable which enables me to secure the best mortgage for my clients. Loan Programs Offered Residential Conventional, Government...
Read more

Portfolio Underwriting Qualifying (Outside of the Box)

-
Image
"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
Read more

Second Mortgage Loans (Heloc, Heloan, Reverse Mortgage Second Loans Available)!

-
Image
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  mb09036...
Read more