Free Rate Hedging and Market-Based Relocks!

-

 


Free Rate Heding and Market-Based Relocks!

Since 2000 we have been a 100% independent mortgage company using a business model which allows us to offer our clients ultra-low interest rates.

By receiving Wholesale Interest Rates, and as the Sole-Owner/Loan Officer, I personally control our pricing model.

We have cut out the extra layers of loan officer commissions, processing fees, advertising costs, office salaries, rent and ancillary expenses and pass these savings directly to our clients via lower margins, rates and costs.
We also hedge lenders daily, which allows us to lock and relock at lower market-based rates if there are market improvements. But, if interest rates rise after the initial lock, we are safe and our clients are hedged.
Contact me directly for any scenario or pricing questions.

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

www.McCormickLendingGroup.com


14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260
23 Corporate Plaza Dr #150 Newport Beach, CA 92660

Comments

Post a Comment

Popular posts from this blog

Portfolio Underwriting Qualifying (Outside of the Box)

-
Image
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) Use Lease Agreement for Qualifying P&L Only Foreign National  Credit score as low as 620 Loans up to $4,000,000 Contact me with any questions 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

Breakdowns of a Few Recently Funded Private and Portfolio Loans

-
Image
  Breakdowns of a Few Recently Funded Private and Portfolio Loans $2,288,000 first mortgage second home purchase 80% Ltv 30 year fixed.  Qualified with only bank account balance utilizing asset depletion calculations. $3,000,000 first mortgage purchase   cross-collateralization  loan 30 year fixed. Single Family. 100% financing. Total packaged Ltv 54%. $525,000 second mortgage refinance   bridge loan . 12 month interest only. Single Family. Cltv 33%. In-House Private Loan. $848,000 first mortgage   purchase   cross-collateralization  loan 30 year fixed. Single Family. 100% financing. Total packaged Ltv 63%. $305,000 second mortgage construction bridge loan with cross-collateralization . 12 month interest only. Total packaged Ltv 78%. In-House Private Loan . If you have any questions please contact me today. Visit us at www.McCormickLendingGroup.com Bob McCormick, President Office 800 328-0144 Email McCormick...
Read more

In-House Direct Private Lending Options (Residential and Commercial Properties)

-
Image
In-House Direct Private Lending Options  (Residential and Commercial Properties)   Underwritten based on Equity, Lease Agreement(s) and/or Value-Add Only! Loan Amounts $100,000-$5,000,000 1-30 Year Terms Interest Only Options SFR, Condo, Multi-Family, Medical, Industrial, Self-Storage, Mobile Home Parks, Construction, BTR, Line of Credit Contact me with any questions or scenarios Visit us at www.McCormickLendingGroup.com Bob McCormick, President Office 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 "Don't Overpay For Your Mortgage" nmls 175743 azmb 0903631 cacfl 603J043 Equal Housing Lender
Read more