• Ask about our bank statement program which eliminates the use of tax returns and we just use the deposits in your bank account to calculate income.
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July Pricing & Service Promotion

July Pricing & Service Promotion

Get .125 better on 30-year interest rates on all FHA/VA 620+ FICO purchase loans that are originated and locked in July!

We periodically offer pricing specials as our wholesale lenders offer them to us and we just pass the savings onto our clients, besides the pricing special we are also offering 24-hour turn time for all new purchase loans in the month of July. That means that your loan will be approved in one day.

Give us a call only 3 weeks left in July.

Try Us Tuesday!

Try Us Tuesday!

Two reasons we love our job helping our clients close loans and showing them ways with our products that they did not know existed.

There is nothing more exciting than that!

This is why we repeatedly tell our clients to always call us with any and all scenarios that they think may be tough or they think can’t be done at all. So we can talk them out and we can show them in most cases what program we can put them to make it work!

So on this Tuesday “TRY US” with your scenario and let’s close your loan!

If your loan meets the following requirements, let’s close it Fast and EZ!

• 680 Minimum Credit Score
• Purchase, R&T or Cash Out
• Owner Occupied or 2nd Home    • 4 Financed Properties Max
• 2 Borrower Max Per Loan
• Current on all debt and no disputes
• No Open Judgments, Collections of Liens
– 2 Yr Ch 13
– 4 Yr Short Sale and Ch7
– 7 Yr Foreclosure

THE RATES ARE GREAT, THE PROCESS IS SIMPLE AND THE TURN-TIMES ARE FAST! Give us a Try!

Find the Best Mortgage rates!

Find the Best Mortgage rates!

The mortgage industry allows homeowners and businesses the option to refinance their properties by consolidating other debts to get better interest rates. With MortgageDepot.com you can get multiple offers from top wholesale lenders. We are one of the few largest privately owned mortgage brokers in New York that specializes in helping homeowners properly use the equity in their home to leverage themselves. Many times homeowners are not aware that they can take advantage of a debt consolidation mortgage and consolidate their debt to a lower interest rate rather than pay double digits interest to the credit card companies.

In today’s mortgage world the lenders will allow paying off debt to qualify for a loan. In the past because of high debt borrowers would have to turn to alternative measures of refinancing because high credit card debt would not qualify the borrower, but now lending guidelines have loosened up a bit and lenders allow paying off debt to qualify for the loan and the homeowners take a benefit of a lower mortgage interest rate rather than get a mortgage rate that is designed for a cash-out refinance which is higher in nature.

Because of our knowledge and desire to help homeowners we can offer better interest rates to our clients. Our in-house price system allows us for finding the best mortgage rate for our clients no matter what the scenarios are.

Contact us you’ll be glad you did.

The Key To Getting The Home You Want.

The Key To Getting The Home You Want.

Nothing could more negatively affect an offer to purchase more than not having a pre-qualified letter of approval from a qualified lending institution. Be prepared. See us before you begin shopping or call us and we will assist you in getting Pre-Approved for a mortgage loan.

Why Should I Get Pre-Approved Before Shopping?

When you find the home you want, you’ll be happy that you’re pre-approved because it gives you an advantage over other “shoppers” when it comes time to make an offer. Remember, the pre-approval process does not commit you with that bank, but it does show the seller(s) that you are serious and financially capable to own the home.

For example, if you were selling your house and had two equal offers that were acceptable to you, but one buyer has a letter of approval from the mortgage bank and the other buyer does not, who’s offer would you take? The answer is clear, isn’t it?

Credit Problems? Don’t Worry!

No matter what your credit problems are, there are diverse programs available today from many lenders. There are conforming and non-conforming programs that enable you to receive the funds necessary to purchase the home you want. Give us a call at (718) 268-9000 and we’ll help you understand the process you’re about to get involved in. We’ll be with you every step of the way!

Once You Get Pre-Approved, the Search Begins…

Go ahead and shop for the right home for you. Once you find it, you’ll present an offer that will get you the home. Then you’re on your way to OWNING the home. It’s that simple when you’re prepared.

Times may change, but the old adage still applies: “The early bird gets the worm!”

W2 Transcript Only Program

W2 Transcript Only Program

Our W2 transcript only program is now for fico score  > 640 (to 580 by exception).  This is for wage earner borrowers and is accepted for FHA, VA and Conventional Loans. With Unreimbursed employee expense giving borrowers a problem obtaining financing, we have implemented a W2 only program where tax returns are not required thus avoiding to show the unreimbursed employee expense deduction.

W2 only Program Details

  • Minimum Credit Score = 640 (580 by exception)
  • Employment in the construction industry is NOT allowed
  • Loans with additional rental properties are not allowed
  • All borrowers must be paid with a W2
  • No 1099s
  • No commission income borrowers
  • No self-employed borrowers
  • We offer FHA and VA as low as 580 scores
  • Down Payment Assistant programs are permitted
  • Manual Underwrites to 580 on both FHA and VA
  • Manual Underwrites max debt to income up to 40/50 with 2 FHA Compensating Factors per Mortgagee Letter 14-02
  • VA to 100% LTV cash out
  • Approvals turn times are at 48 hours
  • Common Sense Financing

Contact us for more information at (800) 535-0270 or email us here.

Do you have too many financed properties? Having trouble getting them all refinanced?  MortgageDepot.com can Help. People today seem to have a problem obtaining financing if they own more than 4-6 properties. We have expanded our financing criteria to allow a borrower to have unlimited financed properties.
·      We allow unlimited financed properties if the subject is the primary residence.
·      AND up to 10 financed properties if the subject is a 2nd home or investment.
·      AND we allow all of them to be financed by our wholesale lenders. No aggregate amount restriction either.

Contact us for more information and how we can help you finance your next property.

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