Private and Portfolio Underwriting (Low Rates and Fees)!

-

 

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 Housing Lender

Comments

Post a Comment

Popular posts from this blog

Don't Overpay For Your Mortgage! Utilize Our Wholesale Rates (Residential and Commercial)

-
Image
It's Pretty Simple: Low Overhead + Low Margins = Low Rates! We offer the same pricing model for our Residential-Commercial-Portfolio-Private-Reverse Loans Over 24 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 (Generally .25% - .50% lower than the competition with lower fees)! 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 layers of extra loan officer commissions and expenses. Thus, passing these savings on to our clients via lower rates. Combined with our Free Interest Rate Floatdown Option we help our clients obtain the lowest possible rates. We are extremely aggressive on Jumbo, Conforming and High Balance Fannie Mae
Read more

Adjustable and Fixed Rate Reverse Mortgage Options (Low Costs and Margins) preserving equity

-
Image
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: www.McCormickLendingGroup.com     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 nmls17975
Read more

Non-QM Bank Statement or Asset Depletion Loan Qualifying

-
Image
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
Read more