First Time Home Buying
Make your dream of owning your own home come true with
Money Source Funding, Inc.’s first time home buyer loans.
In the past, you may have associated home ownership with
large down payments, high mortgage costs, and stringent
qualifications – but this doesn’t have to be
the case! Our first time home buyer loans require little
or no money down. First time buyer loans offer greater flexibility
with regard to income and credit limits than other types
of loans. We can also offer lower closing costs and fewer
fees. Money Source Funding, Inc. will work with your family
to find the best interest rates, loans, and options for
you, putting you one step closer to your goal of home ownership.
Our consultants will work with you one-on-one to assess
your individual situation and the options available to you.
If you are ready to make your dream of home ownership a
reality, contact Money Source Funding, Inc. today!
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Refinancing
Refinancing your mortgage can save you a significant amount
of money—especially when interest rates are very low
as they are now. In essence, refinancing involves taking
out a new mortgage at a lower interest rate and using money
from the new mortgage to pay off the old one. With the advent
of new low-cost and no-cost plans, refinancing has never
been easier. You may be able to lower your monthly payments
without paying significant out-of-pocket fees. Refinancing
may also be right for you if you would like to change from
an adjustable-rate mortgage (ARM) to a fixed-rate mortgage,
to obtain a shorter term mortgage, or to cash in on some
of your equity. The loan officers at Money Source Funding, Inc. are here to help you determine whether refinancing
is right for you. We can also help to determine the best
options and rates available to you. Our commitment to customer
service, intimate knowledge of the industry, and dedication
to excellence mean there is nowhere better to turn when
you are considering refinancing. Please contact Money Source Funding, Inc. today!
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FHA & VA Loans
At Money Source Funding, Inc., we believe that everyone deserves
the opportunity for home ownership, and we make it our goal
to help as many individuals and families as possible finance
a home of their own.
FHA loans are an excellent option for first-time home buyers
who may have a difficult time qualifying for other types
of lending. The federal government insures its FHA loans
to improve the eligibility of low to moderate income families
for home ownership. FHA loans may be either fixed-rate or
adjustable. They also tend to be more affordable, often
including closing costs as part of the loan amount. If you
or your family is interested in home ownership and want
to find out more about your potential eligibility for an
FHA loan, Money Source Funding, Inc. can help. Our loan officers
are well-versed in FHA loans and are more than willing to
help you investigate your options. Please contact Money Source Funding, Inc. today!
VA loans are mortgages designed for veterans, active-duty
military personnel, and reservists and are insured by the
federal government. VA loans have significantly more relaxed
requirements than almost any other type of mortgage loan.
Through 100% financing, VA loans often do not require any
down payment. VA loans operate on a fixed rate, which translates
to predictable, stable monthly payments. If you are interested
in learning more about VA loans, please contact Money Source Funding, Inc. today. Our friendly, informed loan officers
will be pleased to answer all of your questions.
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Stated & No Income Verifications
Loans
If you are self-employed or have income that is not easy
to establish, such as income from various investments, you
may want to consider applying for a stated income or no
income verification loan. In a stated income or no income
verification loan, your employment status is checked but
your income level is not confirmed. Your credit is still
reviewed with stated and no income verification loans. This
type of loan is an excellent option for people with good
credit who are not able or do not want to be troubled by
providing documentation of all of their income. Stated and
no income verification loans usually require a down payment
of about 20%. If you are interested in pursuing a stated
or no income verification loan, Money Source Funding, Inc. will work with you to find the best possible loan scenario
for you. Our experience and dedication to customer service
make us the right choice for you. Please contact Money Source Funding, Inc. today!
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Interest Only Loans
Interest only loans allow you to repay only the interest
accruing on your mortgage loan. None of the principle debt
is paid off. An interest only loan may make sense for you
if you are only planning to stay in your home for set amount
of time and are fairly confident in the property’s
likelihood of appreciating. If you sell your home before
the principle is due, an interest only loan may save you
money. We also offer loans that are interest only for a
certain number of years at the beginning of the loan; eventually,
however, you will begin to make higher payments that include
paying off part of the principle. These loans may be the
right choice for people who want to pay less up front but
feel comfortable taking on a somewhat higher monthly payment
later on. If you would like to find out more about how interest
only loans work and whether they are the right option for
you, please contact Money Source Funding, Inc. today.
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100% Loans
Imagine owning your own home without having to pay anything
out of pocket. With 100% loans, you can pursue home ownership
with no down payment. If you can afford monthly payments
but don’t have a lot of savings to put down, a 100%
loan may be just the opportunity you have been waiting for!
Money Source Funding, Inc. loan officers are trained to help
you investigate the possibility of a 100% loan. They are
available to answer your questions, explain the details,
and review your options. To learn more, please contact Money Source Funding, Inc. today!
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Home Equity Line
There are many reasons that property is one of the best
investments you and your family can make. One of the reasons
is equity. You gain equity by paying off part of the principle
loan on your home and by the appreciation of your property
over time. The difference between what your home is worth
and what you owe is the amount of equity you have. A home
equity line of credit allows you to access the value of
the equity in your home through a special, variable rate
account. The interest on a home equity line of credit is
most often tax deductible, making it a smart way for you
to spend. If you are interested in opening up a home equity
line of credit, the loan officers at Money Source Funding, Inc.
are ready to help. We are known for being exceptionally
knowledgeable, honest, and caring. Please contact Money Source Funding, Inc. today!
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2nd Mortgages
Home ownership gives you excellent borrowing opportunities.
If you need to finance your child’s college education,
pay off a high interest credit card, or make a large purchase,
you can borrow against the equity in your home with a second
mortgage. Equity is achieved by paying off a portion of
the principle amount owed on your original mortgage as well
as by increasing property values. (For example, if you buy
a home for $100,000 and pay off $20,000, you have $20,000
worth of equity. If your home has appreciated from $100,000
to $150,000, you have an additional $50,000 worth of equity,
which you can borrow against.) A second mortgage typically
grants you a loan for a certain percentage of the equity
in your home. That loan can be used to meet a number of
financial needs, often at a rate substantially lower than
you could achieve through credit or other types of loans.
If you are interested in learning more about how second
mortgages work or deciding if a second mortgage is right
for you, please contact Money Source Funding, Inc. Our
loan officers are highly knowledgeable and are happy to
help you in any way they can.
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The Prefered Lender
Our goal is to make your home buying process as smooth
as possible. At Money Source Funding, Inc. we strive to provide
our clients not only attractively priced mortgage loans
but equally as important, the highest standard of service
and responsiveness.
Every step of the way, the most experienced mortgage consultants
in today’s industry will attend to your loan process.
We offer the most diversified mortgage programs insuring
the best plan selected for you to suit your customized needs.
The security and comfort of a roof over your head is just
a phone call away
Here at Money Source Funding, Inc., We make it simple, We
make it possible, We make it happen.
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