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Get the best mortgage loan for you
When you decide to get a new a new mortgage or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you.
Refinancing your current mortgage has never been easier. If you thought refinancing meant getting buried under mountains of paperwork, think again! We make it easy and worry-free to reduce your interest rate and monthly payment. We can even help you pay down your balance more quickly for comparable monthly payment. Let our professionals guide you to the very best refinanced loan!
Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a building or, refinancing a mortgage, . So we make a commitment to you. We will help you qualify, apply and be approved for the right mortgage loan for you. Not anyone else!
Factors to determine rates
Business experience – The length of time you have been in business.
Property Type Favorable property types (i.e. multifamily, office, retail, and warehouse) command a lower rate and higher potential loan amount than riskier properties (i.e. restaurants)
Loan-to-value (LTV) You are likely to pay a higher rate for a loan with a high LTV. In other words, a loan for 90% of the property’s value will have a higher interest rate than a 70% loan for the same property. However, you may benefit from a higher LTV.
Loan program Fixed-rate loans generally start with higher rates than adjustable loans, but adjustable-rates can rise over time and become higher than fixed.
Term The longer the loan’s term (i.e. 20 years vs. 10 years), the higher the rate.
Occupancy Loans for owner-occupied properties typically have lower rates and a higher potential loan amount than investor properties.
Debt Service Coverage Ratio (DSCR) The higher a property’s income relative to the loan payments (the DSCR), the more likely the loan will be approved. Most lenders require a DSCR greater than 1.20, which means that the property’s net operating income (NOI) must be more than 1.20 times the loan’s principle and interest payments. Few lenders will allow a DSCR below 1.20. These lenders take an innovative approach by combining your personal income with the property’s NOI to approve a loan.
Credit score Your personal creditworthiness is the first thing that lenders look at, and is used to predict your repayment reliability. A higher credit score corresponds to a lower risk of default, which earns you a lower interest rate,Since credit scoring is not a perfect science, it is best to work with a lender who will consider other risk factors. These may include:
Please navigate our website to learn more about us, what we do for you, and how easy it is to get started.
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