Mortgage Solutions for You!
There are thousands of different mortgage programs available to the consumer today. Triad Holdings believes in doing business face-to-face and to making sure your financial goals are our mutual objective. Below are some of the services we offer our clients.
On this page is information about home financing, refinancing, fixing your credit and a first-time homebuyer checklist. Take a look at our SPECIAL WEB OFFER at the bottom of this page...
Financing Your Next Home
For many people, buying a home is the single biggest investment they will make in a lifetime.The so-called “right time” is different for everyone. Before making a decision to buy a home, ask your lender to help you answer the following questions.
Can You Qualify for a Mortgage?
Determine your debt-to-income ratio. If a loan program uses a 28/36 qualifying ratio, it means you are allowed to spend no more than 28% of your gross income on monthly mortgage payments, and no more than 36% on total debt. This includes debt such as car and school loans, credit cards, child support and alimony. If a person earns $60,000 per year, their monthly gross income is $5,000. Under the 28/36 guidelines, their maximum monthly mortgage payment should not exceed
$1,400, while their total monthly debt should not exceed $1,800.
How Much Home Can You Afford?
Down payments are generally paid in cash, due at closing, and are based on a percentage of the selling price of the home. You can save money – between $20 to more than $100 a month – if you can make a down payment of 20% or more and avoid the cost of mortgage insurance. If you don’t have 20% to put down on a home, don’t worry. There are many affordable mortgage programs available, including loans that require little or no down payment. In addition, some veterans, active-duty military personnel and reservists are eligible for zero-down-payment programs.
How’s Your Credit?
All lenders require a credit report that contains various personal financial data, including loan payment information, bank and credit card accounts and more. If you are interested in obtaining a copy of yours, you can call any one of the many credit bureaus throughout the United States.
Refinancing
If you live with the burden of too many monthly debt payments or other credit challenges, we may be able to show you a practical way to gain control of your finances. We offer refinance programs that can help replace multiple, high-interest bills with one, more manageable monthly payment.
Whatever your home financing needs, we're ready to help with a broad range of programs, money-saving options and personalized service.
FEATURES THAT HELP CONSOLIDATE AND SAVE YOU MONEY...
Flexible Loan Limits – Up to $150,000 cash-out loan limits
Accomodating– Refinance your primary residence, second/vacation home or investment property
Selection – Fixed rate, intermediate ARMs and short-term ARM loans available
Expanded Guidelines – Allow for a higher percentage of debt
Streamlined – No-income/no-asset verification programs available
Larger Loans – Up to 90% cash-out and debt consolidation financing
Reduced Payments – Lower your monthly payments and interest expense
Savings – No closing-cost options
Tax Advantages – Unlike credit cards, the interest you pay on your mortgage is typically tax deductible*
Our job is to identify the best, most cost-effective program for you that saves you time and money. Call us TODAY to make that happen.
Cleaning Up Your Credit
Your credit report plays an important role in the mortgage process. It contains data from creditors, public records and other sources. And in some cases, it also contains errors. You should obtain a copy of your credit report six months to one year before applying for a mortgage, so you can review the information and see that any errors are corrected. Go to http://www.creditplus.com/ to review your credit report and information on how to improve your bruised credit. Contact us for additional information or a to examine strategies to improve your credit situation.
First Time Home Buying
If you know what to expect – and you have a trusted team of real estate and mortgage-lending professionals to guide you – finding and financing your first home can be an exciting and rewarding experience. Here’s what you need to know:
Call us today!
And you become the proud owner of your new home! Whatever your home financing needs, we're ready to help with a broad range of programs.
SPECIAL WEB OFFER
If you close a mortgage loan after contacting us through this web site, we will offer you $400 toward your appraisal costs of the loan (paid at closing).