Are you looking to secure purchasing a home before selling your current home?
Problem: Most lenders will calculate your debt-to-income ratio by including both current mortgage payment and new mortgage payment, so there is no way to purchase before selling your current home.
Solution:
- HELOC loan on current residence, enough for down payment, even if listed for sale
- 70% CLTV maximum on current home
- 20% down payment minimum on new purchase loan
- Lender ignores debt payments on departure property when property listed on MLS
- Full docs, qualify on income
Example: $3 million purchase, 740+ FICO, 6.625% rate on 7/1 ARM, 1 point, 6.841% APR.
Call for more details or for quote, 714-310-4162.
Rave client review:
“Dan Stone found the right lender for a refi-loan that offered a rate .50% lower than lenders I was considering. Dan was able to save me a lot of time searching for the right lender and $74 per month, and $26,503 over the life of the loan. Dan’s follow-up throughout the loan process was exceptional, and he answered tough questions from my lender. Thank you, Dan, for all that you helped with. You made it much easier for me!” -Jeff C.
“Dan Stone found the right lender for a refi-loan that offered a rate .50% lower than lenders I was considering. Dan was able to save me a lot of time searching for the right lender and $74 per month, and $26,503 over the life of the loan. Dan’s follow-up throughout the loan process was exceptional, and he answered tough questions from my lender. Thank you, Dan, for all that you helped with. You made it much easier for me!” -Jeff C.