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Raising your buying power.......
By having an expert analysis of your finances, credit
and Income we will show you areas you may not be aware of that secretly siphon money out of your budget.
Buy filling those financial holes, you will have more money. Having more money might mean that extra room you
wouldnt be able to afford other wise.
Where we look:
Credit
We look at all your credit, what you are using and not using. We perform a Credit Matrix, listing interest rates and balances.
We then categorize:
- Equity in autos that could be refinanced to max out at lower interest than credit card rates and swallow them up.
- Any existing credit card companies that will consolidate at 0.0% and has a 1% minimum monthly payment.
- Student loans last on list to pay off
- Refinance auto loans that have been financed for years and have low balances to longer term-lower interest to lessen monthly payments
- If buying additional property, refinance primary home and consolidate all debt or convert mortgage to interest only loan (knocks payments to a fraction ($400k house bring payments of $1800/mo.)
On the average this alone will put hundreds to over a thousand month back in your monthly budget that will help you qualify for a $100K more house!
Income
We check everywhere, paycheck, IRS refunds, IRA contributions, under the mattress AND the cookie Jar!
Here are just some of the things we look for:
- Paycheck stubs, current and last December (for any bonuses or reimbursements)
- Employment contracts showing any performance income or bonuses.
- Personal loans you made to friends and family
- Trusts or inheritance entitlements
- Court Entitlements
- Alimony, child support payments
- IRS refunds
- Rental agreements with roommates
- Cash value of Insurance, IRA, 401K, and other investment accounts to calculate reserves or amount of emergency down if needed to lessen debt or put down on new house.
This section usually increases your cash flow and your ability to put more down in order to raise you buying power another $50,000
Credit Score
Just a few points difference means a point in your rate. It can also mean a standard rate or adjustable or an interest only loan, which lowers your payments up to 40%.
When raising your credit score:
- Check the age of credit items (good or derogatory) that are affecting you and have them deleted
- Delete all accounts that are not yours
- Remove yourself from any Authorized user accounts IF it affects you adversely(certain restrictions apply)
- Investigate items that are negative and have creditors support report with ALL paperwork(virtually impossible)
- Delete all erroneous information regarding addresses, employment, contact information
- Dispute collection accounts (many are illegally reporting and for reasons you don't know!)
- Send notice to file suit with creditors and collection agencies for those that don't follow laws that protect you.
- Negotiate with "verified" debts (those that sent all proper procedurally paperwork required BEFORE they report you to reports!)
- Delete all unauthorized Inquiries (must have your signature-electronic or paper-on file)
- Send accountability filing if credit bureaus do not process correctly(many times they say they "verified" but print outs show otherwise and violates your civil rights and can be sued in court)
This section drastically changes your financial position, can make a difference to the point of qualifying for TWICE the house you might have looked at.
Qualifying Loans
This is the fun part. After we have put money back in your pocket, found the hidden "piggy banks" you forgot you had, and enhanced your credit to qualify for better financing..........we then analyze the market and offer you great rates but great programs.
Here are just some of the programs out there:
Non-Owner Programs
- Great for 1st timer or regular investors 100% Financing
- NO DOWN PAYMENT! Why rent? No Income Qualifiers
- Income hard to prove? easier qualifying Low Down Payment
- As little as 3% of your own money down Programs for Public Employees
-PERS program available Zero Down+ plan for Veterans
- No down payment and closing costs for Veterans Programs for Self-Employed
- Easier once you raise your buying power! 1st Time Home Buyer-
Special programs for new buyers Prior Bankruptcy/Foreclosure
- Buying power and credit score better makes these problems from the past not so haunting A.C.O.R.N.
- Incredible financing with little income verification and Land & Construction Loans
- We also do permanent financing "Less Than Perfect Credit"
- Your scores not high enough yet? we have "target loans" the government makes a requirement for lenders to loan on that they don't want public-We know! City and State T.A.R.G.E.T. programs-
buying in certain areas of your city can save you thousands by city and state assistance toward your loan AND down payment! Vacation & 2nd Home
- It may be easier to qualify than you think Bi-Weekly Mortgages
- Pay loan off up to 7 years early! Save Thousands In
125% Financing
-buy the house AND get it landscaped and furnished at the same time.
Target Employment
financing-credit unions, labor unions, churches, employers, certain affiliations and government programs. These entities offer special assistance to your financing.
Every part of this process significantly changes your life AND your home buying options.
If you let us work with you through all these steps you will given more options and drastically
different options than the "we will shop 100's of lenders and get you 4 offers" gimmicks that are
out right now.
They don't approach it like we do!
Let us show you the secrets that will get you qualified for more while we put
more money back in your pocket!