Mortgages by Boun

10/12/2023

🏡 Attention Self-Employed Dreamers! 🏡

Are you self-employed and envisioning homeownership? We’ve tailored a BANK STATEMENT QUALIFIER just for YOU!

🌟 Features:
🔸 Personal and Business Bank Statements welcome.
🔸 Choose from 12 or 24 month Bank Statement options.
🔸 Achieve up to 90% LTV with our Non QHEM Plus for purchase-only.
🔸 Opt for a standard Non QHEM with up to 85% LTV.
🔸 Explore 2nd homes and investment properties with up to 80% LTV.
🔸 Secure substantial loan amounts up to $4MM.
🔸 Non-Warrantable Condos? We’ve got you covered.
🔸 Navigate with a DTI up to 55% and credit scores down to 600.
🔸 Recent credit event? No worries, we’re here to support.
🔸 Dive into flexible loan structures: 7/6 and 10/6 ARM, 30 and 40 yr I/O options.
🔸 Multiply your property aspirations with financing for multiple properties.

Seize this unmatched financial path curated especially for the self-employed. Transform your dreams into reality, one property at a time. 🏘

🔗 Apply Now: Mortgage Application

10/11/2023

Do you have a difficult time proving their self-employment income?
Our Bank Statement Mortgage Program could be the answer they need! Enjoy 30-year fixed-rate loans with a maximum of $3 million and a credit score requirement of just 600.
Contact me: [email protected]

10/09/2023

09/24/2023

🏠 Unlock Your Dream Home with Our Exclusive Loan Program 🏠

Program Highlights:

✅ Up to 80% LTV: Leverage your investment with one of the industry’s most competitive Loan-to-Value ratios.

✅ 1099 Borrowers Only: Specifically tailored to meet the unique financial needs of 1099 income earners.

✅ Up to $4,000,000 Loan Amount: Whether it’s a cozy cottage or a luxurious estate, we have you covered.

✅ First Time Home Buyers Welcome: Don’t let inexperience hold you back. Make your home ownership dream a reality.

Restrictions:

⚠️ Two (2) years in the Same Profession: Stability matters. Make sure you’ve dedicated at least two years to your current line of work.

⚠️ Two (2) Months Bank Statements: Financial transparency is key. Provide two months of bank statements to support your income.

Don’t miss out on this limited-time offer to secure the home of your dreams. Contact us today to learn more and initiate the application process. 📞📧



Seize the opportunity now. Your future home awaits. 🏡

03/17/2023

How does attending Shabbat services help me as a Dad and Business Development Professional?

03/10/2023

An adjustable rate mortgage (ARM) is a type of home loan where the interest rate can change periodically over the life of the loan. The interest rate on an ARM is based on an index, such as the prime rate or the London Interbank Offered Rate (LIBOR), plus a margin that is set by the lender.

The initial interest rate on an ARM is usually lower than that of a fixed-rate mortgage, which is a key advantage of this type of loan. However, after an initial fixed period, the interest rate on an ARM can adjust up or down, depending on changes in the underlying index.

For example, a 5/1 ARM means the interest rate is fixed for the first five years and then can adjust once a year for the remainder of the loan term. The adjustment is usually based on the current market interest rate plus the margin set by the lender.

Benefits of an ARM include the potential for lower initial monthly payments, which can be helpful for borrowers who have limited funds for a down payment or are planning to move or refinance before the loan resets. Additionally, if interest rates decrease, the borrower’s monthly payments could go down as well.

Disadvantages of an ARM include uncertainty around future interest rate increases, which could lead to higher monthly payments, and potentially higher long-term costs. Additionally, some ARMs come with prepayment penalties, which can make it difficult for borrowers to refinance or sell their homes if they need to.

In summary, an ARM can be a good option for borrowers who plan to sell or refinance before the interest rate adjusts, or who have a clear understanding of the risks and benefits of this type of loan. It’s important for borrowers to carefully review the terms of an ARM and consider their financial goals and plans before deciding if this type of loan is right for them.

02/23/2023

Read my latest article about today's challenge for today's homebuyers.

02/17/2023

If you're an investor looking to purchase a new property while waiting for the sale of your current one, a bridge loan could be the solution you need. Bridge loans are a type of short-term financing that can help bridge the gap between buying a new property and selling an existing one. In this article, we'll take a closer look at what bridge loans are, how they work, and the benefits they can offer investors.

What are bridge loans?
Bridge loans are a type of short-term loan designed to help borrowers "bridge the gap" between the purchase of a new property and the sale of an existing one. These loans are typically used by investors who are looking to buy a new property but haven't yet sold their current one. Bridge loans are secured by the borrower's current property, and are usually repaid when the borrower sells that property.

How do bridge loans work?
Bridge loans are typically structured as interest-only loans, which means that the borrower only pays interest on the loan until it is repaid in full. The loan is usually repaid within six to 12 months, depending on the terms of the loan. The loan amount is based on the equity in the borrower's current property, and can range from a few thousand dollars to several million.

Benefits of bridge loans for investors
One of the main benefits of bridge loans for investors is that they provide a way to access funds quickly, without having to wait for the sale of their current property. This can be particularly useful in a competitive real estate market where properties are selling quickly. Bridge loans can also be useful for investors who need to make repairs or upgrades to their current property in order to sell it for a higher price.

Another benefit of bridge loans is that they can help investors avoid the costs of selling their current property, such as real estate agent fees and closing costs. By using a bridge loan to purchase a new property, investors can avoid the need to sell their current property quickly, which can often result in a lower sale price.

In conclusion, bridge loans are a valuable tool for investors who are looking to purchase a new property while waiting for the sale of their current one. They offer a way to access funds quickly, without having to sell your current property at a lower price, and can be a useful option in a competitive real estate market. If you're interested in learning more about bridge loans and how they can benefit your investment strategy, contact a trusted lending partner to discuss your options.

02/17/2023

Here's an article about how certifications an help win more contracts with the Federal Government.

02/17/2023

Hey everyone! Are you an investor or a self-employed individual looking to purchase a property? If so, it's important to know about the different mortgage loan products available to you. Here are a few options to consider:

Conventional Loans: These are the most common type of mortgage loans for investors and self-employed individuals. They typically require a down payment of at least 20%, and the borrower must have a good credit score and a stable income.

FHA Loans: These loans are backed by the Federal Housing Administration and offer more flexible requirements, including a lower down payment (as low as 3.5%) and a lower credit score requirement. However, they do require mortgage insurance premiums.

VA Loans: If you're a veteran or currently serving in the military, VA loans can be a great option. They require no down payment and have more relaxed credit score requirements, but do require a funding fee.

Portfolio Loans: These are loans that are held by the lender rather than being sold on the secondary market. They can be a good option for investors who may not qualify for conventional loans due to a high debt-to-income ratio or other factors.

Bank Statement Loans: For self-employed individuals who may not have traditional income documentation, bank statement loans can be a good option. These loans use your bank statements to determine your income, rather than tax returns.

It's important to do your research and speak with a knowledgeable lender to determine which mortgage loan product is right for your specific situation. Happy house hunting!

12/30/2022

If you’ve always wanted to live someplace exotic, your home equity could make wintering in warm-weather locations possible. Use the cash you've invested in your primary residence toward the lifestyle you've always wanted. DM me to learn more!

12/29/2022

Make one of your New Year’s resolutions to own your own home. Take the first step by messaging me — we’ll walk through your goals, credit and income to land on a price range you can afford.