Tony Usher - Mortgage Broker - Nmls#1724766
Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Tony Usher - Mortgage Broker - Nmls#1724766, Mortgage brokers, 19401 S. Vermont Avenue #L100D, Torrance, CA.
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What the Housing Market Will Look Like by the End of Fall 2024, According to Experts - NewsBreak Even though the year is winding down, the real estate market is more unsure than ever. It's hard to tell where things are headed - Are interest rates going down? Will there be more supply soon? Does...
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Call about our down payment assistant loan 800-930-4469
Call if you need help 800-930-4469
Call for help 800-930-4469
Call 800-930-4469 ask for Tony
Take applications of clients,and Get the to CTC
To perform real estate transactions & Loan transactions
Realtors split is 80/20
I need professional realtors and loan officers we’re going to go kill it in the real estate market either on loans or mortgages give me a email and I will send you more info.
Loan Officers and Realtors
“Dream House Program”
- No silent second mortgage/or second mortgage
- True Grant 3.5%/No Repayment
- Income limits to 140% of the county median income
- Nationwide Program
- Not limited to first-time home buyers
- Max DTI based on DU
- 620 Min FICO
- Can use Grant for the Down Payment and/or Closing Cost
- Follow FHA guidelines
- Borrower must sign a Disclaimer Letter and Grant Letter at Docs( That You will not sell or Refinance Home for 13 months)
Call me for more information
Office: 323-510-1811 Ext # 101
Tony Usher
Mortgage Broker Assoc
Lic NMLS # 1724766
CA DRE # 01998392
You must qualify for a FHA loan,call me tomorrow,and I'll give you details
CALL ME AT 323-510-1811 EXT #101
Home Equity Conversion Mortgages (HECMs)
They are federally-insured loans that are backed by the U.S. Department of Housing and Urban Development (HUD). Home Equity Conversion Mortgages are used for various purposes.
In terms of costs, proprietary reverse mortgages and HECMs are more expensive when compared to traditional home loans. Another factor worth mentioning is its high upfront costs. Whereby you want to borrow small funds or stay in your home for a short while, then you may need to look into other loans as it is not a profitable option.
Your borrow limits on proprietary reverse mortgages and HECMs can be influenced by these conditions:
Age
The type of selected reverse mortgage
Home equity
Present interest rates
A financial evaluation of your capacity to pay property taxes and homeowner’s insurance.
The amount of equity you have in your home is dependent on your age. Older adults tend to have more equity than the average adult. The less debt you have on your home, the more money you get. One of the prerequisites of having your HECM loan approved is to be counselled by a counsellor from the Department of Housing and Urban Development.
You will be enlightened by the counsellor on the loan’s costs and implications. If this loan will not be suitable for your current needs, you will be provided with likely alternatives like single-purpose reverse mortgage or proprietary reverse mortgage.
Call 323-510-1811 Ext # 101 if you need any information..
Effective immediately, Mortgage Companies have increased the minimum credit score to 640 for ALL Government loans including FHA, VA and USDA.
Mortgage Pre-Qualification Quiz Get pre-qualified in 60 seconds
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19401 S. Vermont Avenue #L100D
Torrance, CA
90305
Susana Avenue
Torrance, 90505
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