Exciting Update for Homeowners with Double Wide Manufactured Homes!
Cash-Out Refinance Just Got Better Great news! The lending limits for cash-out refinancing on double wide manufactured homes have increased — offering more flexibility and greater access to your home’s equity. Old Limit: 65% Loan-to-Value (LTV) with a 20-year max term NEW Limit: 80% LTV with up to a 30-year term What this means for you: Access more cash from your home…
Read More...Key Benefits of Cash-Out DSCR Loans
Flexible Qualification Standards One of the main advantages of a cash-out DSCR loan is that it focuses on the property’s cash flow rather than the borrower’s personal income, making it accessible to investors who may not qualify for traditional loans. For investors who are self-employed or have fluctuating incomes, the flexible qualification standards can be…
Read More...Ideal Scenarios for Using a Cash-Out DSCR Loan
Let American Property Financial release the benefits of the Cash-Out DSCR Loan. A Smart Financing Option for Real Estate Investors. For real estate investors, access to capital is a critical factor in maximizing growth and profitability. One financing tool that is gaining popularity among investors is the cash-out Debt Service Coverage Ratio (DSCR) loan. This…
Read More...Using American Property Financial, a mortgage broker when purchasing or refinancing a home can provide several benefits:
Access to Multiple Lenders: Mortgage brokers have relationships with a wide range of lenders, which means they can shop around on your behalf to find the best mortgage products and rates that fit your specific financial situation and needs. Expertise and Guidance: Brokers are experts in the mortgage market and can offer valuable advice on…
Read More...Homeownership with American Property Financials’ 0% Down Purchase Program
APF’s 0% Down Purchase program offers borrowers a unique opportunity to secure a home without the burden of a down payment. This innovative program provides a 3% loan up to $ 15,000, with no required monthly payments on the second lien and no interest accrual. This second lien is due in full as a balloon…
Read More...Removing Private Mortgage Insurance
Empower Yourself with Knowledge: First, look at your mortgage documents or contact your lender to understand the requirements for PMI removal. Remember, each lender may have criteria for when PMI can be removed, so understanding this gives you the power to navigate your financial situation. Determine Loan-to-Value Ratio (LTV): Lenders often require that you have…
Read More...Manufactured Home Loans
Getting a mortgage loan for a manufactured home is not hard. However, loans on manufactured homes are different and can involve several unique concerns and considerations compared to financing a traditional site-built home. Here are some of the key issues you might face: Loan Availability and Terms: Not all lenders offer mortgages for manufactured homes,…
Read More...Tips To Excel As A First Time Homebuyer
When you decide to buy a home, I can only imagine how many questions run through your head. What is our spending price point? How do we begin the loan process? Do we go to a bank or broker?, etc. It’s understandable that the process can be overwhelming and knowing where to begin can be challenging. As…
Read More...Before Applying For A Mortgage Loan
Buying a home can be extremely stressful and the mortgage loan process can drive you insane! But the good news is that you can prepare yourself before you actually apply for a mortgage loan! You can be either a first-time homebuyer or a repeat buyer. If you do your homework, the whole loan process will go smoothly.…
Read More...Bathroom Makeover Ideas and Tips
Bathroom Makeover Ideas and Tips These months have you shaken your head at your own bathroom? There’s many families in San Antonio that are considering remodeling. For older home buyers that have inhabited their comfy home for many of years now is definitely the best time to remodel. Especially If you have no near plans to move, bathroom…
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