Platinum Funding Solutions, Inc.
The Kelly Byrnes Team
The Kelly Byrnes Team
FINANCIAL PLANNER
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| Products for clients who are looking to you for advice beyond the basics. Advising your clients regarding their commercial or residential real estate holdings can be a complicated task. Keeping up to date with underwriting parameters and market driven cap rates can be as time consuming as staying abreast of the new tax law changes. Email me today to get an example of one of my sample underwriting analysis to help you see how I can negotiate the best deal on your clients behalf. Be sure to check out my new Commercial Page! |
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| TO LEARN MORE ABOUT THE FEATURED COMMERCIAL, RESIDENTIAL AND LAND LOAN PROGRAMS, PLEASE VISIT THE REALTOR PAGE! |
INTEREST ONLY MORTGAGES Available in fixed or adjustable-rate programs Loan amounts up to $2,000,000 Considerably lower payment during the interest only period Interest only loan programs are designed to provide maximum borrowing capacity with a minimum monthly payment. If you know of a first time home-buyer, a borrower with a limited budget, or someone with specific needs, you'll find these loans especially helpful. How Does an Interest Only Loan Work? Interest only programs provide the "interest only" feature for a limited period of time (usually ten years). After that, in order to pay off the loan by the end of the required term (usually 30 years), the payment adjusts to include principal and interest for the remaining years of the loan. This ensures that the customer will pay off your loan in by the end of the required loan term. Ideally, this program should not be used for a long-term commitment. It should be considered as a short-term solution that enables your customers to maximize their individual buying or borrowing capacity with the lowest monthly payment available. Examples of Interest Only Savings:
2. Jumbo Loan 5/1 Fixed to ARM Fully Amortized 5/1 Interest Only ADJUSTABLE RATE MORTGAGES 3 years fixed (then adjusts every year) 5 years fixed (then adjusts every year) 7 years fixed (then adjusts every year) 10 years fixed (then adjusts every year) DOCUMENT COMBINATIONS HOME EQUITY LINES OF CREDIT Reusable line Eliminate the need for mortgage insurance and/or jumbo pricing Clients who qualify can even use it to purchase another property You and Your Customers "Best Interest" is My Top Priority! |