3 Things That Kill Some Loans And How To Get Around Them…

I’ve told you before that I can do alot of loans that other lenders just can’t do.

I’ll give three simple examples of things I can do that many lenders just can’t…

1) DTI up to 55%! …Many loans die because of a high debt to income ratio. I can do high ratios!

2) Credit Denials Ok! …Once a lender finds out you have been declined by another lender they often don’t want to do your loan. …I do loans all the time other lenders have declined.

3) No trade line requirements! If I get an automated approval on your loan – then I don’t have an overlay guideline for trade lines!

So, if your worried about not being able to get a mortgage – there may not be a reason to worry!

Call me or email me and tell me your story. We’ll look at your situation and see if we can find a loan program that works for you!

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

To see if you qualify for a mortgage right now – CLICK HERE and fill out this simple application.

To sign up for my weekly mortgage quick tips – CLICK HERE.

A Smart Way To Save A Bunch Of Money On Your Loan…

While rates are still relatively low I wanted to show you how smart it can be to reduce the term on your loan.

For instance, going from a 30 year loan to a 10 year loan will save you a BUNCH of money.

…money you could have accumulating in a retirement account, or sending your children to a good school, etc.

Take a look at the chart below. You can see the interest savings is significant.

The payment on a 10 year loan is roughly twice as high as a 30 year payment. …but if you can at all afford the payment it’s a very smart thing to do.

…just think of having your house completely paid off in 10 years!

Loan Amount	$100,000	$200,000	$300,000	$400,000
Interest Rate	3%	3%	3%	3%
Term	10 Years	10 Years	10 Years	10 Years
Principle & Interest Payment	$965	$1,931	$2,896	$3,862
Interest Paid Over Life Of Loan	$15,872	$31,745	$47,618	$63,491
Interest Savings On 10 Year Over A 30 Year Loan At 4.5%.	$55,996	$111,994	$167,989	$223,987
(Assume 80% loan to value ratio)

If you would like to see what your payment would be on a 10 year loan – give me a call or shoot me an email. I’ll be happy to help you out with it.

That’s it for today!

Have a good day today!  …and thanks for reading.

Brett
To see if you qualify for a mortgage right now – CLICK HERE and fill out this simple application.

To sign up for my weekly mortgage quick tips – CLICK HERE.

A Smart Way To Save A Bunch Of Money On Your Loan…

While rates are still relatively low I wanted to show you how smart it can be to reduce the term on your loan.

For instance, going from a 30 year loan to a 10 year loan will save you a BUNCH of money.

…money you could have accumulating in a retirement account, or sending your children to a good school, etc.

Take a look at the chart below. You can see the interest savings is significant.

The payment on a 10 year loan is roughly twice as high as a 30 year payment. …but if you can at all afford the payment it’s a very smart thing to do.

…just think of having your house completely paid off in 10 years!

Loan Amount	$100,000	$200,000	$300,000	$400,000
Interest Rate	3%	3%	3%	3%
Term	10 Years	10 Years	10 Years	10 Years
Principle & Interest Payment	$965	$1,931	$2,896	$3,862
Interest Paid Over Life Of Loan	$15,872	$31,745	$47,618	$63,491
Interest Savings On 10 Year Over A 30 Year Loan At 4.5%.	$55,996	$111,994	$167,989	$223,987
(Assume 80% loan to value ratio)

If you would like to see what your payment would be on a 10 year loan – give me a call or shoot me an email. I’ll be happy to help you out with it.

That’s it for today!

Have a good day today!  …and thanks for reading.

Brett
To see if you qualify for a mortgage right now – CLICK HERE and fill out this simple application.

To sign up for my weekly mortgage quick tips – CLICK HERE.