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Portfolio Underwriting Qualifying (Outside of the Box)

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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
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Why Your Current Loan Servicer or Bank May Not Offer You The Best Rates

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Low Overhead + Low Margins = Low Rates Without question mortgage rates are a very hot topic..   One common question that  I am often asked  is how I can generally offer a lower rate than the homeowner's current lender/servicer (even though I may have originally closed the original loan for the homeowner with this same servicer)? As a wholesale broker I receive wholesale rates which are generally .25%+ lower than what a homeowner's current loan servicer will offer directly as they price rates as "retail" and not "wholesale". Their hope is that the homeowner does not question the fact the loan servicer is only handling the mortgage payments (most of the time Fannie Mae, Freddie Mac, HUD or VA owns or insured the loan) and a  brand new loan  has to be originated on any refinance.  Ironically, I  work directly and receive wholesale rates from a very well known "automated" lender that advertises day and night on television, internet and the radio throug...
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Portfolio and Private Non-Bank Lending Options (Owner-Occupied and Investor)

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  Portfolio and Private Non-Bank Residential and  Commercial Lending Options (Owner-Occupied and Investor) Since May 2000 we have utilized our own internal funding or partnerships with private insurance, portfolio and equity capital companies for Non-Bank loans with simple underwriting guidelines ranging from  $50,000 to over $50,000,000+. Programs Offered  In-House Private Lending Portfolio Private Lending Insurance Company Lending Trust Company Lending Property and/or Business Types SFR, Condo and 1-4 Units  Retail Multifamily 8+ Units  Apartments  Industrial Mini-Storage Rental Portfolios Raw Land/Lots Office  Mixed-Use Single-Tenant Mobile Home Parks Construction Bridge Short Term Bridge  Fix and Flip  Build to Rent Feel free to contact me with any questions or scenarios Visit us at  www.McCormickLendingGroup.com Residential and Commercial Lending Bob McCormick, President   Toll Free 800-328-0144 14362 N Frank L...
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