Steve McRory's Blog

2022 Morgage Programs in Florida are getting stronger and more flexible             https://www.pro-option.com/Home       Steve McRory  Pro Option Mortgage                  888-662-4404     204296/390492                

If I were a Realtor, I'd be urging buyers, who own property with equity, to look into accessing dead equity with a 95% or 100% Cltv  HELOC for the down payment of another purchase. Basically, they would be purchasing with 100%, No Pmi financing.

2nd Mortgages to 100% LTV or CLTV cash out are back!Finally lenders are allowing borrowers to access their Dead Equity to use for all kings of things like home improvements, investing, etc. 

In the beginning:Everything is always great, you love the Loan Officer for quoting the lowest rate, closing costs and/or down payment.  The Loan Officer answers all your calls or calls you back within minutes and responds to all your emails the same. A week before closing:All is great until a wee...

These loan programs are making it possible for self employed borrowers to Refinance or Purchase property in 2020.  Different programs have been around for years now, but relatively few borrowers have had access to these programs because the vast majority of Banks don't offer these products. They ...