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and it's effects on mortgage rates
This Week's
Economic News
Rate Trends
A peek at where rates are today compared to 2 weeks,
3 mos and 1 yr ago
Conforming Loan Limits for
2005 for a Home Mortgage are now $359,600
Mortgage Loan Programs We Offer
These
are many of the varieties of Loan Programs which we can provide for
you as a Member of The Ross Mortgage Company.
This overview will give you an idea of different loan programs in the
category section and the types and varieties section gives you a look
at some of the options that are available to tailor a mortgage that
will be a perfect fit for your situation.
Do you have more questions or are just curious about something you have
not seen before?
I am always available to answer your questions!
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Categories
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The best rates for the best credit with full documentation of income and assets. HUD Loan Limits for 2005 1 Unit - $359,650 2 Unit - $460,400 3 Units - $556,500 4 Units - $691,600 From $359,600 to 1 million 1 million - 1.5 million up to 60% LTV 1.5 million to 2 million up to 55% LTV for Sub-Prime borrowers Available for A- credit, B, C and D credit - 500 Credit Scores and above - Interest Only loans for 580 and above |
Really just another name for Home Equity loans We offer Home Equity Loans with both a closing cost option and a no-closing cost option Access up to 80% of the value of your current home to use as a downpayment on your new home. Move first, then sell the home! read more about Bridge Loans |
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Types
and Varieties of Mortgages we Offer
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5 varieties of fixed rate mortgages 10 year, 15 year, 20 year, 25 year, 30 year, 40 year read more about fixed rate mortgages 6 month ARM 1 year ARM 3/1 5/1 7/1 10/1 a 2.25% margin and a 2.75% margin are available. The indexes available are the LIBOR, the Treasury index and also the 12-MTA and COFI read more about Adjustable rate mortgages either a minimum, interest only, 30 yr or 15 yr payment each month. This loan is tied to the 12-MTA index. These 7/23 balloon mortgages come with an option to convert to a fixed mortgage at the end of 7 years without having to refinance read more about balloon mortgages |
Available on all fixed programs and the 3/1,5/1 and 7/1 ARM programs read more about Interest Only Mortgages A combined 1st and 2nd mortgage package to avoid PMI We offer an option on a 1st mortgage to take a higher interest rate in return for no PMI - call for details NIV - no income verification Can't prove your income? We have programs for that NR - no ratios calculated no asset to income ratios are calculated on these loans. NINA - no income, no assets for good credit borrowers, we have programs where no documents are needed. |
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Harry
Smith
email Harry@dailyinterest.com or reach me by phone Office 1-248-548-7655 Cell 1-248-514-9000 |
Drew
Smith
email drew@dailyinterest.com or reach me by phone Office 1-248-548-7655 Cell 1-248-703-7770 |
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