Transcontinental Lending Group
Mortgage News
Get Into A Home Of Your Own

Even if you have limited savings, our low-down-payment programs can help you become a homeowner.

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Refinance Mortgage Rates Are Low!

Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.

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FASB Ruling Hits the Mark

- Bonnie Raitt. Better believe that last week's news gave us plenty to talk about.and even a few things to smile about. Here are the highlights.
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The Truth About Mortgage
  • Obama Urges Americans to Refinance Mortgages
  • Mortgage Rates Rise Off Record Lows
  • Wells Fargo Mortgage Business Drives First Quarter Earnings Record
  • Bank of America Refinancing Under Making Home Affordable Program
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2009 FHA Temporary Loan Limits -
Provided by the American Recovery and Reinvestment Act

On Feb. 17, 2009, the President signed a new stimulus bill - called the American Recovery and Reinvestment Act of 2009 - into law.

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Obama's Refinancing Plan Could Repair an Ailing Market


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IMPORTANT COMMERCIAL LOAN UPDATE!
- EFFECTIVE MARCH 1, 2009.

On February 6th, 2009 FNMA announced their plan to allow up to 10 financed properties per borrower again.
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Dec. 31 (Bloomberg) -- U.S. mortgage rates dropped.

-- U.S. mortgage rates dropped to the lowest in more than three decades as the government stepped up efforts to revive the housing market.
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Treasury to Reduce Interest Rates on
Some New Loans to 4.5%


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Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
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Commercial real estate prices continued falling


Reverse Mortgages
Home Financing Information
Reverse Mortgage is a unique loan that enables senior homeowners to convert part of the equity in their homes into income without having to sell the home, give up title, or take on new monthly payments.
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Links

Please visit these links to become more aware of the current mortgage process:

www./ml-implode.com
www.thetruthaboutmortgage.com

Transcontinental Lending Group

Mortgages in Fort Myers, Cape Coral, Lehigh, Naples, Bonita Springs

Experienced Loan Officers in Florida

PRINCIPAL REDUCTION PROGRAM - NOTE PURCHASE

Say NO! to loan modifications... many lenders are taking the easy route by offering a loan modification, good for them! What about you? by signing a loan modification you agree to still OWE MORE THAN WHAT YOUR PROPERTY IS WORTH! What did you resolved with that? NOTHING... you will be paying the debt for life. 

Our team has partnered with a multi-million dollar private investors and we are ready to assist you with a Principal Reduction Program. Have you been waiting for this? then give us a call so we can help you. 


What is the benefit for the homeowner?
  • New mortgage principal balance set with the current property value
  • The Customer never loses ownership of their property
  • Keep your home and avoid foreclosure
  • Primary, second homes and investments
  • Credit scores, bk, foreclosure, late mortgage payments DO NOT MATTER!
  • New note will be 25 years amortization and 10 years balloon

 

This program is created for the homeowners that wants to keep their primary, second home or investment property, and their properties are "up-side down" (owed more than what is worth) also know as negative equity. However, they are current in their mortgage.
How this works:

• We use the buying power of a multi-million dollar private investors to buy notes from the lender, at or below the current market value. 
• Property must be 125% LTV on first mortgage. 
• Once we obtain the note, we will refinance the note back to the client at 100% of the current market value. 
• Our same investor that purchased the note will extend new terms 
• A general rule of thumb: If the customer has no more than a 45% DTI (calculated based on new mortgage payment), then we can reduce their principal mortgage. 
• Property value must be at least 25% up-side down 
What is the process?

• After we received your package, we will pre-qualify your file 
• After getting the pre-approval from our investors we will submit the proposal to buy your note from your lender/investor 
• After confirmation and final negotiations with your lender/investor, our investor will restructure the note reducing the prinicpal to the current market value of your porperty, and offer you new terms of payment (based on 25 years amortization and 10 years balloon). Is guaranteed that your new monthly payment will be lower than before! 
• A Real Estate Attorney (from your State) representing our investor will contact to finalize the transaction. 
What if the lender does not want to sell the note?

We will pursue getting any type of help, and this may be: 
    • Principal Reduction via Loan Modification 
    • Short-Refi 
    • Loan Modification 



Request TODAY a free consultation! 


Can't Refinance due to the Mortgage Meltdown?


No Equity? Primary Residencies OK
Low Scores? Second Homes OK
Late Payments Investment OK
Owe more on the House then what it is worth? Commercial OK

    Customized Real Estate Lending

    If you are looking to purchase, refinance, consolidate debt, take a home improvement loan or purchase land, please send us an email to loans@thesecureway.com or simply call us at 239-209-0777 for a complimentary, confidential consultation. Please take a moment to read more about us, or use our resources to obtain the most current information on mortgage lending, compliance and your rights as a consumer.