Quality Investment

          The premise to this company is to help build financial prosperity. We want to provide you the ability to give your life a chance to blossom. When you buy a house you are making an investment. We want to help foster your financial and goal oriented life. We give you options of what you want in and for your life. What do you want in your life?  We will develop a three year plan with your investment, help cultivate your financial life and bring you a higher income.

            We want you to have a quality loan and three years of payments in good standing.  Banks sell titles to other banks. After three years of loan payments your lender has the option of selling that title to another bank. A loan that is paid on time each month for a three year period in bank terms is considerd a quality loan. It is our priority as a company to assure banks if someone buys a home from us they will be lending to a quality buyer. What we want to accomplish as a company is an excellent and reputable association. So we do everything we can to make sure the bank is getting a quality buyer.

  Assisting in Financial Real Estate Journey

            We want you to have a manageable transition into your home financial journey.  And we want to accompany and assist you during that transit. To receive an FHA (Federal Housing Administration) loan you must be able to put a down payment of 3.5% towards your total loan. We make sure you are able to attain that 3.5% down payment.  If you were to receive a $100,000 loan we would place a down payment for you in the amount of $3,500. That down payment goes directly into your loan. If you choose a conventional loan your down payment will be 5%.

            Again we will pay that 5% down payment towards your loan.  In assuring that our company sells to responsible clients and your lender is receiving a quality buyer we assist you with your payments each month for three years.  We will pay a minimum of $150.00 each month towards your loan for a three year period.

  Creating Financial Comfort

After that three year period of our minimum payments each month we will have paid $5,400 towards your loan. Again if you were to receive a $100,000 mortgage loan and after that three year period with our minimal payments each month towards your loan including down payment we will have paid into your home $8,900.  

            For a 10 year loan at $100,000 your payments per month will be around $800.00.  So after that three year period you will have accrued $28,800 into your home. Adding together our down payment and monthly minimal payout after that three year period you will have paid $37,700 into your loan. Almost having $40,000 into your property after that three year mark puts you close to 50% of that loan paid off.  These are the minimal benefits we do for you.

Individual Process

            Each individual will have a different process to fulfill before final approval, not every loan is routine. We will first need a pre-approval. We have a team of brokers to assist you through the entire duration of the process to buying your new home. A broker is a team member who functions as an intermediary between you and the bank that you will be getting financed through. It is the brokers duty to get the best residential mortgage product for our clients. He is the borrower's representative and structures the loan for presentation to banks underwriting. He will negotiate any financial weaknesses you may have in qualifying for your loan. He will begin the process by getting full documentation of your financial background and at least three years of work history. 

            In order to get an approval we have to check your credit rating. Your credit score can effect every aspect of your financial life. This has implications on qualifications for loans, the interest rate that you pay, employment opportunities, and insurance premiums. We want you to be able to get the best loan program at the lowest interest rate you can get. Credit reports can often incur errors and mistakes that can bring your credit score down, which in turn effect the type of loan you can get. We take a long look and examine your credit history to see if we can correct any mistakes or begin a process to help raise your credit score. If your credit score is less than what's required we will work to get it to the appropriate number.

            Credit scores or FICO ( Fare Isaac Corporation ) are determined by tradelines. A tradeline is a ten or more digit number that recognizes accounts and products you have purchased through your credit. These accounts show payment history, open balances and the payment status. Your score is determined by payments made on time and how many days you were late on each payment. It is developed with 15 days late, 30 days late 60 days late and 90 days late. Your score is dependant on each payment made whether it is current or late determines if your score will rise or fall. 

            We work with credit experts who will look at and examine each individual tradeline and work with you to rectify any discrepancies in your credit information. We will only deal with the necessary to give you a qualifying credit score.

Credit Competence 

Up to 80% of credit reports contain some type of error. These errors are serious enough to result in denial of loans and other credit. Each of these mistakes can have a variance of 50 points or more.  Majority of the incorrect information encompasses personal, demographic identifiers that were misspelled, long-outdated or belonged to a stranger.

            Our credit experts are a team of Attorney's and Paralegals that commonly exercise your right for accurate and fair credit reporting. Through the Fair Credit Reporting Act ( FCRA ) you have the right to dispute any questionable or inaccuracies in your credit history and have those removed. They will correct any mistakes posted on your credit report. They examine every tradeline to assure its accuracy. By simply correcting mistakes on your credit report can raise your score by 150 points. 

            Within reason if your debt out weighs your income we will pay to get that debt down. You need a minimum of four tradelines to qualify for a residential home loan. And if necessary if you need another tradeline to procure your loan we will also purchase that tradeline for you. If we need to do anything like this it will take a minimum of three months to complete these changes and for them to show on your credit report.    

            The next step is to see how much you will qualify for. This is determined by a combination of two factors. These factors are your annual income and the total debt you owe. This is defined as DTI (Debt to Income ). Again this is your annual income and any other finances you have coming in each month and your total debt as listed on your credit report. 

            For an FHA loan you will be required to have a down payment of 3.5% of the total loan amount you are acquiring. And a 5% down payment for a conventional loan. As a condition of this down payment it must sit in an account for 90 days prior to closing.  The verification of this account is considered 90 days of reserves. The actual loan amount you receive depends on the real value of the home and this is calculated through an appraisal. Together an appraisal and inspection will cost $500. If you decide to invest with our company we will take care of all of this as explained in the Benefits section.