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DISCOUNT HOME LOANS
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| Dream Home Loan Programs | ||
| Discount
Home loans provides flexible loan programs with low mortgage rates for
Purchasing your new home, Debt Consolidation, Home Improvement or Cash Out. It's time to paint the house, install new kitchen cabinets, or remodel to increase the value of your home. |
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FIXED 1ST MORTGAGE PROGRAMS |
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| REFINANCING YOUR HOME up to $ 333,700 Conventional Mortgage | ||
| Purchasing a Home, up to $ 333,700 APPLY NOW ! Conventional Mortgage | ||
| Allows You to Experience the Pride of Home Ownership Applying for a new home loan is exciting! Since there are many types of loan programs to choose from, Discount Home Loans pride ourselves on providing a tailor made home loan for you, whether it is a Conventional, Jumbo, FHA, VA, Easy-Qualifier, or whatever your specific needs are. We will strive to create a comfortable payment for you. |
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ADJUSTABLE 1ST MORTGAGE PROGRAMS
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| REFINANCING YOUR 1st MORTGAGE up to $ 333,700 Conventional Mortgage | ||
| Provides you with the Opportunity to Obtain Lower Interest and Cost Loans This type of loan generally begins with an interest rate that is 2-3 percent below a comparable fixed rate mortgage. This is called a "start" rate or "teaser" rate. The flip side is that the interest rate changes at specified intervals (for example, every year) depending on changing market conditions; if interest rates go up, your monthly mortgage payment will go up too. However, if rates go down, your mortgage payment will drop also. Lenders and consumers alike prefer these types of loans since they safely reflect the prevailing market rates. A lender hedges an increasing interest rate market with adjustable while a consumer hedges against a decreasing interest rate market. In a sense they are both betting on the loan to go in different directions. |
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| * Less-than-perfect credit options | ||
| * Cash Out for Debt Consolidation Home Improvement | ||
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| GOVERNMENT HOME LOANS | ||
| * FHA Streamline | ||
| * VA Streamline Loans | ||
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The purpose of this loan is for lowering of interest rates and monthly payments. Here’s what’s needed for a streamline. This loan is a limited documentation loan. No appraisal, No employment verification, No bank Verification, Credit report to show only the house note being paid on time for the past 12 months. All other lines of credit ignored Lets say you have an 8.5% FHA loan, or 6.5% adjustable. Both of these loans may be streamlined. The originating lender could streamline your loan to lets say 7.5%. Your loan amount remains the same, the borrower only has to come in with his monthly payment and his impound account money. His old impound account will be refunded back to him in about 10 days after close of escrow. The lender pays all of the fees, the borrower pays nothing. This is why you may not get the very best rate. The borrower may NOT receive any money. This loan was designed to help the borrower and the lender. With smaller payments for the borrower, the risk is less for the lender in the case of default. What you may not do with this loan. You may not borrower more money to pay off bills, credit cards, a Second Mortgage. Not a Streamline Refinance Lowest possible interest rate Pay off Bills Pay off Second Mortgages Pay off Credit Cards Pull out some of the equity for home improvement, or buy a 2nd home, Or ????.
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| Jumbo Mortgage Refinance | ||
| * Fixed or Adjustable Rates | ||
| * Debt Consolidation | ||
| * No Income Verification | ||
| * Cash Out for Home Improvement | ||
| Home Equity Line of Credit | ||
| * Fixed or Adjustable Rates | ||
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* Borrow up to 100% of your home's appraised value |
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| * Cash Out for Debt Consolidation Home Improvement | ||
| Home Equity Loans | ||
| * Fixed Rate Low Monthly Payments | ||
| * Less-than-perfect credit options | ||
| * Cash Out for Debt Consolidation Home Improvement | ||
| 2nd Mortgage Loans | ||
| * Fixed Rate Low Monthly Payments | ||
| * No Equity Required! | ||
| * Borrow up to 125% of your home's appraised value | ||
| * Cash Out for Debt Consolidation Home Improvement | ||