Posts

Adjustable and Fixed Rate Reserve 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 - 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

Recently Closed Portfolio and Private Loans

Image
Recently Funded Private and Portfolio Loans $3,000,000 first mortgage purchase cross-collateralization loan 30 year fixed.  Single Family.  100% financing.  Total packaged Ltv 54%. $256,000 first mortgage refinance bridge loan .  12 month term interest only. Single Family.  Ltv 11%.   $525,000 second mortgage refinance bridge loan .  12 month interest only.  Single Family.  Cltv 33%. $848,000 first mortgage purchase cross-collateralization loan 30 year fixed.  Single Family.  100% financing. Total packaged Ltv 63%.   Contact Us With Any Questions www.McCormickLendingGroup.com     Bob McCormick, President Call 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  

Nationwide Business and Commercial Lending (With Only One Application!)

Image
NATIONWIDE BUSINESS AND COMMERCIAL LENDING  CONTACT US WITH ANY QUESTIONS   FAST CAPITAL We offer multiple financing options for businesses including  Term Loans ,  SBA Loans ,  Advances ,  Credit Lines , and more! We can even consider borrowers turned down by other lenders due to low credit or other financing barriers. Funds can be used for any business purpose such as to buy or start a business, for working capital, or to consolidate debt or merchant cash advances. $1,000 to $500,000+ No Min. Credit Score Competitive Financing Rates No Collateral Required Streamlined Underwriting No Min. Revenue Required No Min. Time in Business Most Business Types Eligible Nationwide Financing Same-Day Funding Available CREDIT LINES Are you seeking flexible access to capital, where you  pay only for the funds you need ? A revolving business line of credit operates like a credit card, usually offering a  higher credit limit  and  lower interest rate , and you pay interest and fees  solely  on the fun

New Conforming Loan Limits of $766,550 - $1,149,825 Now Available!

Image
  FHFA has increased loan limits for 2024! We can now offer conventional conforming loans up to $766,550 and up to  $1,149,825 in High Cost areas. We are extremely aggressive on our Conforming and High Balance Fannie Mae/Freddie Mac, USDA, FHA and VA saleable loans. 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 - Portfolio - Private - Reverse 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660

Jumbo Reverse mortgages for ages 55+ with loan amounts up to $4 million

Image
  We offer J umb o Reverse  mortgages (HomeSafe *  for age 55+) - loan amounts  up to $4 million , and  principal limits as low as $200,000 !   HomeSafe Jumbo Reverse * : lower rates and higher LTVs. It’s worth a look! Prrograms to offer your senior clients: Reverse Opportunities:  FHA HECM, Reverse Jumbo, Stand-alone Reverse 2 nd  and EquityAvail (Hybrid Reverse). Purchase or Refinance, Fixed or Adjustable rates with a line of credit. 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 - 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

VA Loans - No Downpayment and No PMI Required

Image
  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 - Portfolio - Private - Reverse 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660

Refinance or Purchase Buyouts of Seller Carryback/Owner Financing Loan Notes

Image
Seller Carryback/Owner Financing Loans and Mortgage Notes As part of our In-House product line we are able to help refinance or buyout seller carryback/owner financing loans and real estate assets for clients who want to liquidate . Types or Loans/Notes Performing and Non-Performing 1st and 2nd Notes/Deeds of Trust Secured by Real Estate (Residential and Commercial) from individuals and businesses (Seller Carryback and Owner Financing) Land Contracts Real estate loan buyouts (partial and whole)  Reasons For Clients to Refinance or Sell Their Note New Investment Opportunities  College Tuition  Pay Off Debt Divorce Settlement Estate Settlement  Prefer Cash Liquidity  If you have any questions please let me know www.McCormickLendingGroup.com     Bob McCormick, President Call 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

One-Time Construction Loan (Fixed Rate Never Changes - Don't Pay For Closing Costs Twice)

Image
One Time Close New Construction or Major Remodel Loan- Don't Pay For Closing Costs Twice! *Owner Occupied or Second Home *Loan Amounts to $3,000,000 *Loan to Value to 80% (85% on exception) *30 or 15 year fixed rate (Rate is locked upfront and WILL NOT change as it is also the Permanent Loan as well ) Contact me with any questions or scenarios  Bob McCormick, President Toll Free 800-328-0144   www.McCormickLendingGroup.com Lending in Arizona and California  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

Excellent Rates on Jumbo Loans to $3,000,0000

Image
Excellent Jumbo Rates from $766,550 to $3,000,000 Single Family- Second Home - Investor    Contact Us With Any Questions www.McCormickLendingGroup.com     Bob McCormick, President Call 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  

Commercial Lending For Every Situation

Image
  Commercial Lending  We utilize the same low cost pricing model as we offer our residential customers. By using our own internal funding or partnerships with Banks, GSE's (Fannie Mae, Freddie Mac and HUD), CMBS, midsize to large insurance companies, wholesale conduit lenders, portfolio and equity capital companies as well as private individual/money lenders we have the resources available to accommodate most every commercial and investor property loan situation with our streamlined process at unmatched rates and fees.  Loan amounts from $50,000 to over $25,000,000. Programs Offered Private and Portfolio Lending  SBA - 7(a), Express, Working Capitial, 504 Insurance Company Lending Conventional and Non-Bank Commercial Cross Collateralization Commercial Construction Mezzanine/Bridge Loans Joint Venture Business Working Capital  Equipment Financing Property and Business Types Office Retail Multifamily Industrial Mini-Storage Construction Rental Portfolios Raw Land/Lots Farms Mixed-Use

The FHA loan limits for 2024

Image
  The FHA loan limits for 2024 allow homebuyers to borrow  up to $498,257 for a single-family home in most parts of the country . Those purchasing a home in an area designated as “high-cost” may be able to borrow up to $1,149,825. www.McCormickLendingGroup.com     Bob McCormick, President Call 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

1% Downpayment First Time Homebuyer Purchase Option!

Image
    Eligible clients only need to put 1% down, and the other 2% is covered, providing all the benefits of a 3% down payment!   Affordability is top of mind for most home buyers. this new, exclusive and affordable purchase product that requires less upfront savings for your eligible clients, helping them get on the fast track to homeownership. Since clients don’t pay the mortgage insurance, they can also significantly decrease their monthly payment over the life of the loan. Client Qualifications Must make less than or equal to 80% of the area median income for the subject property Minimum FICO ®  Score of 620 Minimum down payment of 1% required Minimum LTV/CLTV/HCLTV of 95.01%; maximum LTV/CLTV/HCLTV of 105% (with an eligible Community Second) Maximum loan amount of $350,000 No PMI option 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 Corporat