Capacity, Credit, Cash & Collateral

All home loans are not created equal! Lenders review Capacity, or your ability to repay a loan based on current and past income as well as your job/employment stability. It is important to have specific dates and accurate time lines related to your employment history.

Credit is another category that works as a “leading indicator” of whether or not you will make timely payments based on your past historical trends with loans, credit cards, etc.

Cash or total assets are another leading indicator of loan performance. The higher the initial investment, the less likely you are to default. From a lending perspective, reserves or assets you have available in case unforeseen job losses or declines in income are strong compensating factors for approval.

Finally, Collateral is the home you are either buying or refinancing a loan against. Not only is the primary focus on the market value, but also the immediate neighborhood surrounding your home as it relates to marketability and current trends.

Navigating the current economic and lending environment requires experience and expertise as the market is in a constant state of flux. Let Mike’s 17+ years of experience help you make the best decision for you and your family.

Mortgage Lending Service

Owning your own home provides several benefits. In addition to the satisfaction of being a homeowner, you can build equity, enjoy tax deductions, say "good-bye" to your landlord and take control of your living environment. Whether you are a first-time home buyer, currently renting or are purchasing a new or second home, we have an assortment of tools and loan programs to meet your individual financing needs. We can help you realize your homeownership dreams by offering you all the best advantages- Low Rates- Easy Online Application- All Types of Mortgage Programs- Guidance and Advice from and Experienced Mortgage Industry Professional Jennifer Rader. APPLY TODAY!

Home Renovation Loans

Are you not finding the "Perfect" house to purchase? Maybe your looking for that great deal in today's market but it requires some "fix-up." A Renovation Mortgage may be the right loan for you. You can purchase the home and have the renovations completed before you move in all wrapped in one nice loan package. Several renovation loans exist, and all require different documentation and have varying degrees of complexity. Allow your mortgage consultant, Jennifer Rader, to guide you through the process to determine the best loan programs available for your situation. APPLY TODAY!

Home Price Protection

Buyers of EquityLock Home Price Protection contracts have a unique ability to protect their home equity against market downturns. Home prices fluctuate over time. Even in an appreciating market, buyers can experience significant increases and decreases in the value of their home. By mid-2007 the majority of housing markets in the U.S. were overvalued, with a sluggish real estate market projected for years to come. Home Price Protection contracts provide an innovative way to protect the equity in your home against market downturns. Your Home Price Protection contract is an agreement between you and EquityLock Financial that entitles you to a cash payment if you sell your home when your local housing market has declined (whether you sold your home for more or less than the original purchase price). It is not an insurance policy. For More Information on Home Price Protection click here.

Home Price Protection FAQ's Home Price Protection Application