Never miss another opportunity to grow your investment property portfolio. US Mortgages is making it simple for real estate investors to finance new properties with lower qualification documentation and up to 80% cash back refinancing, making it easier to recoup your cash and reinvest in another property.
*Disclaimer: FHFA House Price Index used to determine claim loss. Min 620 score and Qualifying Loan Program as guidelines indicated from Dodd-Frank Bill regarding loan limits, full income, ability to repay and for owner occupied properties only. Minimum loan amount of 100,000 also required to be eligible. No claim can be made within the first 12 months of policy issuance and policy ends at time of sale or maximum of 10 yrs from date of issuance. Closing Disclosure statement MUST state home is being used as primary residence. Sale must be to an unrelated third party (true arms length transaction) and no leasebacks are allowed. NON QM loans and loans that are not closed in the name of US Mortgages are not eligible. Maximum coverage included is limited to 5% of purchase price and additional coverage can be added to a maximum of 20% of purchase price or 200,000 whichever is less. Refinance loans are eligible for any coverage limits from 5-20% as well but are NOT included with loan unless selected by borrower(s). This information does not represent a commitment to lend. Additional underwriting guidelines and restrictions apply. Terms and programs listed are subject to change without notice. Ask your personal mortgage advisor for more details.
If you're looking to accelerate the repayment of your mortgage and potentially save thousands of dollars in interest, here are four simple tips to help you can pay your mortgage off faster:
Paying off your mortgage earlier is a personal decision based on your financial goals. The good news is, most lenders will let you pay off your loan faster without pre-payment penalties. here are just a few reasons you might consider accelerating your repayment:
Equal Housing Opportunity Lender
Not all applicants will qualify. 4.25% has APR is 4.539 based on FICO 740+, Cash Out up to max of 65% LTV, owner occupied only and full documentation of income as well as required reserves. Min loan size is 650k and maximum is 999,999. Rate is locked for first 7yrs and then adjusts based on the following… 30 day avg SOFR has a margin of 3% and current index is 1.443 as of 7/14/22. Lifetime cap of 5% and adjustment period is once each 6 months after the initial 84 rate lock period. All loans subject to approval and change. 90 day payment skip requires current payment to be made on or before 1st for the month due. $250,000 cash out requires sufficient equity and loan is capped at a loan to value percentage of 80.