Home Mortgage Second Mortgage – MortgageDepot

Second Mortgage – MortgageDepot

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Second Mortgage – MortgageDepot

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In our ongoing mission to supply cutting-edge monetary options, we’re excited to introduce a brand-new providing—our Stand Alone 2nd Lien Program. This specialised mortgage product is designed to empower owners to faucet into their residence’s fairness, offering you with a compelling device to diversify your mortgage portfolio and meet the numerous wants of your shoppers.

Stand Alone 2nd Lien Program Highlights:

  • As much as 90% CLTV: Our shoppers can leverage as much as 90% of their residence’s fairness.
  • Minimal FICO 680: With reasonable credit score necessities, this program opens doorways for a broader viewers.
  • Max DTI 50%: Gives ample monetary flexibility for debtors.
  • Versatile Mortgage Quantities: Starting from $150,000 to $500,000 to accommodate numerous monetary targets.
  • Mortgage Phrases: Choices embody 10, 15, and 30-year fixed-rate phrases.
  • Documentation Flexibility: Full Doc, Alt Doc—like Private and Enterprise Financial institution Statements, and 1099—are all acceptable.
  • Property Varieties: Obtainable for Major, Second Residence, and Funding Properties.

Why Supply the Stand Alone 2nd Lien Program?
This closed-end second mortgage permits debtors to capitalize on their residence fairness with out affecting their major low-interest mortgage. Whether or not you want to fund a significant renovation, put money into one other property, or consolidate debt, this product provides one other layer of monetary options we provide.

On the subject of Non-QM lending, expertise issues–we will work out tips on how to get troublesome offers achieved!

Let’s focus on how we will collaborate and allow you to ship the perfect options our program presents..

Join with one in every of our mortgage consultants to be taught extra.

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