• Predictable Interest
• No fees at conversion
• Flexibility

Does a Fixed-Rate Loan Option make sense for you?

Enjoy the predictability of fixed payments when you convert some or all of the balance on your variable-rate home equity line of credit (HELOC) to a Fixed-Rate Loan Option. Your fixed rate won’t change for the selected term — which means you’re protected from the possibility of rising interest rates.

How a Fixed-Rate Loan Option may save on interest payments

• Transfer higher interest-rate credit card or installment loan balances from other financial institutions to your HELOC — and then set up a Fixed-Rate Loan Option to pay off the balances.

• Protect against rising interest rates. If variable rates on your HELOC balance move above the fixed rate of a Fixed-Rate Loan Option, you could pay less interest on the Fixed-Rate Loan Option balance.

Benefits of a Fixed-Rate Loan Option

• Predictable monthly payments that stay the same for the selected term – never worry about the possibility of rising interest rates

• No fees to convert your variable-rate HELOC balances to a Fixed-Rate Loan.

• Flexibility of maintaining up to 3 Fixed-Rate Loan Options at one time

• Lower Downpayment
• Low Closing Costs
• Easy Credit Qualifying

The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
FHA allows a buyer to purchase a home with as little as 3.5% down. They tend to be more lenient on areas such as credit, funds to close and co-borrowers. 

Some benefits of FHA loans are:
· Low down payments
· Low closing costs
· Easy credit qualifying

What does FHA have for you?
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price. Available on 1–4-unit properties owner occupied.

Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs – all in one loan.

Financial help for seniors
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer “yes” to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.

Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.

FHA loans have been helping people become homeowners since 1934. How do we do it?
In an FHA mortgage the customer must put at least 3.5% of the sales price into the transaction. Keep in mind, however, that the total cost to close on an FHA is commonly over the 3.5%. With the down payment, closing costs, money to establish escrows for taxes and insurance plus interest to finish out the month of closing, the total costs on average can be closer to 5-6% of the sales price.
The interest rate that you select will also have a bearing on the total costs. If you select a lower rate so that you can reduce your payment, you may end up paying additional money towards “points”. At the same time if you are comfortable with a slightly higher payment, you may find a lender that is willing to reduce the costs to close in favor of a higher interest rate.

• Zero money down and 100%
• Financing is available
• Low-income families can qualify
• Allows to lower monthly payments

USDA loans come directly from the federal government or from government approved and backed lenders

USDA is a rural mortgage program. The American dream of home ownership has become more difficult as families struggle to come up with the down payment that many conventional home loans require. With the USDA loan many are still able to get a zero down home loan. 

Do I Qualify for a USDA Loan?

In the past USDA Loans were often call “farmers loans” but times have changed. Almost anyone outside of a major metropolitan area looking to purchase a home can qualify for a USDA loan. Eligibility varies based on area, your income, credit history, and number of dependents claimed so it’s important that you call and speak with one of our experts to see if you qualify. 

· Zero money down and 100% financing is available

· USDA loans come directly from the federal government or from government approved and backed lenders

· You can have lower monthly payments

· Low-income families can qualify

USDA Loans are for:

· New Home

· Pre-existing home

· Condominium

· Townhouse

· Land and the cost of building a home

· Commercial property

· Farms and equipment

• The VA Home Loans is guaranteed for no money down
• No monthly Home Owner’s Insurance is required
• VA Home Loans can be refinanced
• Many VA Home Loans are assumable
• It is easier to qualify for a VA Home Loan than a conventional loan

No Money Down

A VA Home Loan can help you purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance. If the seller agrees to pay the closing costs, you may be able to purchase the home with no out-of-pocket costs. The loan and sales contract can be set up so that the VA Home Loan covers 100% of the selling price and the seller covers the closing cost. You may choose a slightly higher rate to receive and lender credit to help pay for some closing costs.

The VA Funding Fee

The Veterans Administration assesses a Funding Fee to all VA loans between 1.4% and 2.3. The VA funding fee is a one-time payment that the Veteran, service member, or survivor pays on a VA-backed or VA direct home loan. This fee helps to lower the cost of the loan for U.S. taxpayers since the VA home loan program doesn’t require down payments or monthly mortgage insurance. If you are a Disabled Veteran, you may qualify to get the fee waived completely.

Assumable VA Mortgage Loans

VA loans are also assumable. If the person assuming the mortgage is a veteran with VA eligibility, the original veteran will not be giving up the amount of eligibility that they used to get the loan at the beginning. Veterans should use great care and closely investigate the terms of an assumption before allowing someone to assume their mortgage. It is too great a benefit to give up.

Qualifying for a VA Mortgage Loan 

The VA offers flexible qualifying standards even if you have experienced some financial difficulties in your life that caused your credit scores to be low but have maintained a good payment record over the past year or so, you may qualify for a VA home loan. This can be a tremendous savings compared to the cost of conventional loans when the borrower’s credit scores are low.

VA Mortgage Loans may be refinanced

VA mortgage loans have built in features allowing a loan to be refinanced to a lower interest rate without all of the criteria normally associated with a conventional loan. This is called an Interest Rate Reduction Loan (IRRL); the veteran can secure a lower interest rate without any credit checks, appraisal, and income or asset verification and can roll the costs of the transaction into the loan so there are no out of pocket costs.

To this day, property investment remains the best and safest way to invest money! Investing in a real estate property comes with numerous advantages that set it apart from other types of investments, such as stock investment. Here are 5 major advantages of owning a property investment and starting a real estate investing career over investing in stock.

Full Control
The minute you buy a rental property, you’ll have full control over the investment! You’re free to decide which type of investment property to buy (single-family home, multi-family home, condo, etc.) and which investment property financing method to go for (cash, mortgage loan, private money, hard money, etc.). In addition, property investors get to set how much to charge for rent, whom to rent the investment property out to, and when to sell the property investment.

Cash Flow
Every investor is driven by the same motivation – to make money! Your investment has to give you a return on investment (ROI) which you can either save or reinvest. First of all, there are many ways to make money in real estate. Moreover, a property investment provides real estate investors with a stream of cash flow in the form of monthly rent. Cash flow is an attractive aspect of real estate investing, and it’s usually a sign of a successful property investment. Cash flow covers the property investor’s expenses such as mortgage payments, property taxes, operation costs, etc. and yields a higher return on investment! The key, of course, is buying positive cash flow investment properties.

Fewer Risks
Property investment has fewer risks than other types of investment, say stocks, especially when investing in real estate for the long term. The longer you hold investment properties, the fewer risks of loss you’ll face because home prices and equity build with time. In addition, a property investment will always have value since they are physical assets, unlike a stock investment which could drop down in value any minute.

Tax Benefits/Deductions
Property investment also offers many tax benefits and deductions. For example, the cash flow from an investment property is tax-free. Additionally, property investors are able to deduct almost all expenses related to owning and managing an investment property, including property taxes, mortgage interests, insurance, and operation expenses. Not only that, but when property investors sell the property investment and reinvest the profits, they will not pay capital gains tax.

Hedge against Inflation
Historically, cash flow and investment property prices have kept pace with inflation. This means that as the cost of living increases so do investment properties prices. This benefits real estate investors on three levels:
• As inflation increases, property investors can raise the amount they charge for rent.
• The value of investment properties goes up enough to cover for inflation.
• Mortgage payments are not affected by inflation, meaning their absolute value decreases with inflation.

Supplement the retirement income

Allow homeowners to convert part of the equity in their homes into cash

Generally have very low costs.

Generally do not affect Social Security or Medicare benefits.

Generally not taxable

Improve your life by cashing in on your home’s equity
Whether seeking money to finance a home improvement, pay off a current mortgage, supplement their retirement income, or pay for healthcare expenses, many Americans are turning to “reverse” mortgages. They allow homeowners to convert part of the equity in their homes into cash without having to sell their homes or take on additional monthly bills.

In a “regular” mortgage, you make monthly payments to the lender. But in a “reverse” mortgage, you receive money from the lender and generally don’t have to pay it back for as long as you live in your home. Instead, the loan must be repaid when you die, sell your home, or no longer live there as your principal residence.
To qualify for most reverse mortgages, you must be at least 62 and live in your home. The proceeds of a reverse mortgage (without other features, like an annuity) are generally tax-free, and many reverse mortgages have no income restrictions.

Types of Reverse Mortgages
The basic types of reverse mortgage are: single-purpose reverse mortgages, which are offered by some state and local government agencies and nonprofit organizations; federally-insured reverse mortgages, which are known as Home Equity Conversion Mortgages (HECMs), and are backed by the U. S. Department of Housing and Urban Development (HUD); and proprietary reverse mortgages, which are private loans that are backed by the companies that develop them.
Single-purpose reverse mortgages generally have very low costs. But they are not available everywhere, and they only can be used for one purpose specified by the government or nonprofit lender, for example, to pay for home repairs, improvements, or property taxes. In most cases, you can qualify for these loans only if your income is low or moderate.

Loan Features
Reverse mortgage loan advances are generally not taxable, and generally do not affect Social Security or Medicare benefits. You retain the title to your home and do not have to make monthly repayments. The loan must be repaid when the last surviving borrower dies, sells the home, or no longer lives in the home as a principal residence. In the HECM program, a borrower can live in a nursing home or other medical facility for up to 12 months before the loan becomes due and payable.