Free Local Classifieds in Inland Empire, CA
Search   in
My Location  
> > >

Mortgage Loans Real Estate, Helping People like you since 1998, TextCall me

Mortgage Loans Real Estate, Helping People like you since 1998, TextCall me

Ad id: 408172869972099
Views: 14

Here is the deal:


Lets talk (or text) for 5minutes
To find out how much of a loan I can offer, I need to know:
1. what is your gross monthly income
2. what is the amount you claim on your taxes ( last 2 years )
3. do you have a down payment
4. is your credit bad, good or perfect.

Knowing 1-4 above can approximate a loan amount.

Moving Forward, the bank wants to see:
1. loan application ( takes 10 minutes )
2. Two year tax returns (2015/2016)
3. Current month of paystubs
4. Two months of the account the downpayment is coming from ( or a gift on some programs)
5. Mortgage credit report needs to be run, my cost is your cost...

Having 1-5 will have a fully underwritten file thru the bank automated underwriting system which will tell exactly what is needed to provide you the loan.

Thats it, loans are alot less complicated then they were in the past


As far as real estate goes, if your buying or selling, you can make money buying or selling your real estate, lets talk or text for 5minutes...


Lastly, everyone knows someone buying or selling real estate or getting a loan to refinance or buy a property, I would like to talk with you so you can earn and learn this business. Basically every loan or real estate transaction has commissions, you would earn a part of those commissions. ( afterwards, you may want to get licensed, I have help may get theirs )

What ever time frame you are working in, I\\\'m here, lets talk or text for 5min


James Patrick Smith ( Jim )
Real Estate & Mortgage Broker
BRE # 01233501
NMLS # 1071610
Best Contact Cell: 951-227-0493

Cell: 951-227-0493
Efax: 877-785-2684


****Credit Repair Links****
There are three credit reporting agenicies, Transunion, Experian, Equafax. Below are the links that will help you create an free account for each. After your information is in the system, a credit report will be generated showing you what each company reports on you. There will be a \\\"Dispute\\\" button to click on to dispute the item listed if you disagree with the entry. They take 40-60 days to investigate the dispute. This is the first step in clearing up your credit and knowing what is listed under your name.





Always reached 951-227-0493


Terms & Definitions:
Annual income:
Your annual income before taxes. For joint applicants this is your total combined annual income before taxes.

Purchase price:
The price of the home you wish to purchase. This is the actual price you\\\'ll pay, not including any closing costs.

Total monthly payment:
Total monthly payment that you can qualify for. This is the total of principal, interest, taxes and insurance paid each month, often called PITI.

Term in years:
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

Interest rate:
The current annual interest rate you can receive on your mortgage.

Property tax rate:
Your property tax rate. 1% for a $100,000 home equals $1,000 per year in property taxes.

Home insurance rate:
Your home owner\\\'s insurance rate. 0.5% for a $100,000 home equals $500 per year for homeowner\\\'s insurance.

Show schedule by month:
Select to show the payment schedule by month or year when you press the \\\"View Report\\\" button.

Cash on hand:
Cash you have for the down payment and all closing costs.

Loan origination rate:
The percentage the lending institution charges for its origination fee. 1% for a $100,000 home equals $1,000.

Number of points paid:
The total number of points paid to reduce the interest rate of your mortgage. Each point costs 1% of your mortgage balance.

Other closing costs:
Estimate of all other closing costs for this loan. This should include filing fees, appraiser fees and any other miscellaneous fees paid.

Limit downpayment:
Limit your downpayment to percentage required to eliminate the need for PMI payments. Even if you have more cash on hand than required for closing costs, checking this box will limit your down payment to the minimum amount required to forego PMI.

Monthly car payment(s):
Total monthly payment for your car loan(s).

Credit card payments:
Total monthly minimum payments for your credit cards.

Other loan payments:
Any other installment loan payments, such as student loans or unsecured loans.

Total closing costs:
Total upfront costs to close your loan. This is the total of your loan origination fee, points paid and other closing costs.

Monthly PMI payment:
Monthly cost of Principal Mortgage Insurance (PMI). For loans secured with less than 20% down, PMI is estimated at 0.5% of your loan balance each year. Monthly PMI is calculated by multiplying your starting loan balance by this percent and dividing by 12. When the equity in your home exceeds the percentage required for PMI, your PMI payment drops to zero. Please note that this is only an estimate of your actual PMI. The amount you may be required to pay may be higher or lower than our estimate.

Monthly PI payment:
Monthly principal and interest payment.

Total for down payment:
Total money you \\\"put down\\\", either from gift, savings, retirement etc...

Total annual income debt percentage
This is the percentage of your annual income your financial institution allows you to use for debt installment payments. This includes car payments, credit card payments, other loan payments and your principal, interest, taxes and insurance(PITI) payment for your home. The default rate is 36%.

PITI annual income percentage
Not shown. This is the percentage of your annual income your financial institution allows you to use for your principal, interest, taxes and insurance payment for your home.

92882    google map | yahoo map

Similar Items
Last Updated on: February 26, 2018
Report Ad
Contact Poster by Email

Email Poster

Refresh Image