at 1720 E Garry Ave Suite 235, Santa Ana, 92705 United States
" FUNDING THE AMERICAN DREAM" Mortgage lender/ Broker/ home loans/ Purchase/ refinance/ conventional loans/ FHA loans/ VA loans
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Bail Bonds offering applications you fill out from your home online without needing a printer, scanner or fax machine. Accept credit & debit cards online
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Residential Mortgage Loans
Remembering you at Thanksgiving, and Wishing you and your family a day Bright with beauty, Warm with memories, and Rich with the joys of the season. Happy Thanksgiving from your family at iFund Mortgage.
What Do Lenders Look For? THE 4 C'S THAT TELLS IF YOU QUALIFY FOR A MORTGAGE OR NO.... When deciding whether to extend a loan, the industry is taking a back-to-basics approach and evaluating the four Cs: Capacity to pay back the loan. Lenders look at your income, employment history, savings, and monthly debt payments, such as credit card charges and other financial obligations. Capital. Lenders consider the money and savings you have readily available plus investments, properties, and other assets that could be sold fairly quickly for cash. Having these reserves proves that you can manage your money and have funds, in addition to your income, to pay the debt. Collateral. Lenders take into account the value of the property and other possessions you are pledging as security against the loan. Credit. Lenders check your credit score and history to assess your record of paying bills and other debts on time. (Even if you don't plan to buy a home now, it's always a good idea to build and maintain strong credit. Landlords often check it to make sure that you can pay the rent; it's also important if you want to apply for a mortgage or other credit line in the future, such as a student loan, car loan, or credit card.)
"No Closing Costs Refinance are now available". contact us@ iFund Mortgage to get your rate and APR.
RATES ARE VERY LOW NOW... THINKING ABOUT BUYING OR REFINANCING? TIME TO DO IT NOW... Contact us iFund Mortgage.
Do you want to SAVE $41,801??? If you get a Mortgage loan for 300k @ 4.5% rate for 30 years today. your monthly payment will be $1520.06 and you will pay $247,220 in interest over the life of the loan and pay off your loan on Sep 2044, BUT if you pay a Bi- Weekly payment of $760.03, you will pay only $205,418.60 in total interest. so your Total Interest Savings is $41,801.54 and you pay off the loan way sooner on Apr, 2040.... for more info about how you can pay your mortgage faster contact us @ iFund Mortgage.
2014 CA Loan Limits – Fannie Mae & Freddie Mac Conforming Loans HIGH BALANCE / SUPER CONFORMING LOS ANGELES $625,500 ORANGE $625,500 SAN FRANCISCO $625,500 SACRAMENTO $474,950 SAN DIEGO $546,250 SAN BERNARDINO $417,000
How to pay off your Mortgage FASTER # 3 Refinance with a shorter Mortgage loan Term If you have a 30 Years Mortgage, you can refinance your loan to shorter term like,10,15 or 20 Years, you'll pay the loan of sooner and pay less total interest over the loan term.
How to pay off your Mortgage FASTER # 2 Increase your Monthly Mortgage Payment, By adding extra amount to your monthly Mortgage payments, you are paying more $$ towards your principal balance. you can pay your loan faster and save a lot on the total amount of interest over the loan term.
How to pay off your Mortgage FASTER 1 1- Make bi- weekly Mortgage payments Bi - weekly payments involve 26 half payments each year instead of 12 full payments, by making the bi- weekly you will make a 13 full payments each year, you'll pay down the principal faster and reduce the total amount of interest you'll pay over the long run.
Credit Tips; keep your credit history clean from any public records or collection accounts ( Bankruptcies, Tax liens, Court judgments, foreclosures, short sale).
Credit Tips; Do not max out any credit card, 90% or more of your credit limit is considered " Maxed- out". Lenders view you as someone who uses their credit responsibly and spends only what they can afford when you don't have any maxed out credit cards. for more info contact us iFund Mortgage
You need to FIX your credit? YES, You can do a Rapid Rescoring Rapid rescore changes are performed at the bureau level and permanently affect the consumer's profile. After our credit analysis discovers the best actions to take for improving credit and the borrower takes all the appropriate steps, our Rapid Rescoring Service will expedite the process of updating scores. We update and rescore credit files in 72 hours after the supporting documents have been forwarded. We can help you,,, Ask us How? Contact us iFund Mortgage.
California Tax Impound Chart. The Chart Below shows how many months of Tax Impounds are required, if you choose to have an impound account with your loan. Close of Escrow,.... .. First Pmt, ..... .. Tax Impounds Required JANUARY ,... MARCH,... 6 MONTHS COLLECTED FEBRUARY ,... APRIL,.. 1 MONTHS COLLECTED MARCH,... MAY,... 2 MONTHS COLLECTED APRIL,... JUNE,... 3 MONTHS COLLECTED MAY,... JULY,.. 4 MONTHS COLLECTED JUNE,... AUGUST,... 5 MONTHS COLLECTED JULY,... SEPTEMBER,.. 6 MONTHS COLLECTED AUGUST,... OCTOBER,... 7 MONTHS COLLECTED SEPTEMBER,... NOVEMBER,... 8 MONTHS COLLECTED OCTOBER,... DECEMBER,... 9 MONTHS COLLECTED NOVEMBER,... JANUARY,... 4 MONTHS COLLECTED DECEMBER,... FEBRUARY,... 5 MONTHS COLLECTED Info. from Chicago Title Company, if you have any question please contact us. iFund Mortgage @ 800-910-9495
Fannie Mae – Increasing The Waiting Period To Purchase After A Short Sale ...4 YEARS NOW Recently, Fannie Mae announced that on August 16, 2014, they will be changing the waiting period associated with the purchase of a new home after a short sale or a deed in lieu of foreclosure, from a minimum of two years, to four years.
HOME EQUITY LINE OF CREDIT - HELOC...or 2nd loan???? What are home equity loans, and what can they do for you? What is it? Simply put, “home equity” refers to the difference in the market value of your home and what you currently owe on your mortgage. The more you pay down your mortgage, the more equity you build. What does that mean for you? You can use your home equity to your advantage by taking out a home equity loan, aka a “second mortgage.” You will get a lump sum of cash equal to the amount of your loan. A home equity line of credit (HELOC) will allow you to borrow money over a specified period of time. How much can I get? The amount that you can borrow is often limited to 85 percent of your equity. Factors include loan-to-value ratio, credit score and appraisal of your home. Nothing is free: Home equity loans often include the same closing costs as a typical mortgage, including fees, appraisals and points. Word of warning: Your house is used as collateral in a home equity loan. If you default on the loan, you could find yourself in foreclosure and possibly lose your home. You got the loan, now what? You can use a home equity loan for anything. That’s right. You can use it to consolidate your debt, pay for college tuition or finally add that master-bedroom retreat you've always wanted. Contact us for more info.800-910-9495
PIGGYBACK IS BACK NOW, You can close your 1st loan with 2nd Lien to avoid paying Mortgage Insurance(MI). up to 90% CLTV and combined Loan amount Up to $975,500 For more info Contact us @ (800) 910-9495
When you Refinance your Mortgage you may be able to get +Lower Monthly Payment. +Remove the MI payment or lower it. +Reduce your interest Rate. +Pay off your Mortgage sooner. +Convert to Fixed Rate or Shorter loan Term. For more info Contact us @ (800) 910-9495
JUMBO Loans... We can close and fund your Primary Residence Home Jumbo loan amount to $1,500,000 up to 80% LTV. Min. Down payment 20% & Min. Credit score of 720. Call us for more info.800-910-9495
iFund Mortgage is announcing the coming back of the 2nd & the HELOC loans to the US Mortgage Market. Now you can do your 80/10/10 agian. Call us for more info 800-910-9495
PIGGYBACK IS BACK NOW, You can close your Purchase 1st loan with 2nd Lien to avoid paying Mortgage Insurance(MI). Call us for more info 800-910-9495
NEW PORTFOLIO LOAN PROGRAM, 25% Down Payment required. Using Bank Statements for self Employed Borrowers. Foreign National Borrowers allowed. Call for more info. 800-910-9495 Or 714-863-9372
IN CALIFORNIA NOW, NEW FHA Program Buy your home with only 00.5% down. Get 3% as (CHDPA) " California Homebuyers Down payment Assistance Program" For more info call us 800-910-9495 or 714-863-9372 iFund Mortgage " Funding The American Dream"
How is the Mortgage lender review your loan application. 4-The property: •What is the market value of the property? •We will order a property appraisal to make sure your property’s value meets our underwriting requirements. How much down payment you are putting to buy the house, LTV? You can ask us at 800-910-9495 Or 714-863-9372.
How is the Mortgage lender review your loan application. 3-Assets and available funds: •Do you have enough funds for your down payment, closing costs? •You may use funds from a savings account, certificate of deposit , investments, and retirement fund. •In some cases, you may be able to use a gift from a relative, friend, employer, or not-for profit organization. •In many cases you will also have to demonstrate that you have additional funds in your accounts to cover several months of mortgage, tax, and insurance payments. You can ask us at 800-910-9495 Or 714-863-9372.
How is the Mortgage lender review your loan application. 2-Current debts and credit history: •Do you pay your bills, loans, credit cards and other debts on time? We examine your payment habits before deciding to approve your loan. •Your credit history and credit score also are examined prior to our deciding to approve your loan. •It's a good idea to check your credit history and correct any problems before applying for a Mortgage loan. You can ask us at 800-910-9495 Or 714-863-9372.
How is the Mortgage lender review your loan application. 1- INCOME: •Do you have a reliable, continuing source of income to make monthly payments? •Income can come from primary, second, and part-time jobs, as well as overtime, bonuses, and commissions. •You may use other sources of income if you want them considered for payment – including retirement or veteran’s benefits, disability payments, alimony, child support, and rental or investment income – provided they can be verified as stable, reliable, and likely to continue for at least three years. normally we review 2 years income history. you can ask us at 800-910-9495 Or 714-863-9372.
Is it better to rent or buy a house? Is your house is really an investment? do you know how much you can afford as a monthly payment? Talk to us we can help. 800-910-9495 Or 714-863-9372 www.iFundMTG.com
You can get the sellers to pay $$$ for your closing cost... when you negotiate for your home purchase you can ask for seller credit for your Closing Cost up to... Conventional loans- Owner Occupied 3%:9% depending on your DP FHA Loans 6% VA Loans 4% For ??? or more info 800-910-9495 or 714-863-9372
Looking to get a Home Equity FlexLine ... Owner occupied property up to 80% LTV up to 500k, NO Annual Fee, introductory APR 2.99% for 9 months, Later Variable Rate as low as 4.25% APR. Call us (800) 910-9495 or (714)863-9372
Today's Credit advice, Get credit savvy... Think about how your financial behavior affects your credit score. Do you carry a balance on your credit cards? If so, that hurts your score in terms of amounts owed. If you open too many new lines of credit, mortgage lenders will see you as desperate. Making late payments causes creditors to think you're insolvent. These are all things that will drop your credit score. www.IFundMTG.com
Secured credit Card Using your Secured Card responsibly can go a long way to help you establish your credit history and to be upgraded to an unsecured credit card.
GOOD MORTGAGE ADVICE to save $$$$$ By adding an extra $25 to your Monthly Mortgage Payment for every 100k of your loan amount could save you over $10,000 for every 100,000 balance and payoff your balance faster by an average of 3 years. Call us with any question @ 800) 910-9495 or 714) 863-9372. www.iFundMTG.com