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Entertainment Mortgage

We have re-focused our efforts to serve the broadest range of needs of today's homeowner

Times have changed, and Entertainment Mortgage has changed with them. But we believe in reality. Here at Entertainment Mortgage you will get the straight scoop.

The media shouts that it's time to buy or refiance with these new low rates. Is it true?  Is this the new reality?  

With half the country losing their homes and the other half trying to refinance or buy, is this just a new kind of chaos?

Where do you go when you get tired of the shouting?  What should you do today?  Should you do anything, or just stay put?

What are your needs right now?

 We can get you the lowest possible rate if: 

u Your credit score is above 720
u You have at least 20% equity or down payment
u Your loan amount is $417,000 or less
u You receive a regular paycheck and a W-2 each year


    You can get a very good, competitive rate if:

u Your score is between 580 and 719
u Your down payment or equity is less than 20%
u Your loan amount is between $417,000 and $729,000
(depending on the county in which you live)
u You are able to document your income.

       You're self employed a you have a lot of write-offs:


u We have sources who specialize in the self-employed borrower
u Your down payment or equity is between 20% and 30% depending on loan amount to $5 million
u Your credit score is over 680

     Your home purchase or refinance is over $3 million up to $50 million:

u You have substantial liquid assets
u You are able to fully document your income


 


 Too much information.  What should you do now?

The best decision you can make right now is to call us so we can examine your options.  Lender guidelines change frequently and will continue to change as the lenders sort themselves out.  We always have the latest information which will help us determine your most beneficial course of action.

Why call Entertainment Mortgage?  Why not call your bank directly?

Banks don't have the same opportunities to work with different rates and loan scenarios. Individual banks will adjust their own rates for internal purposes, not necessarily due to market conditions. No single lender can provide the best loan product for all borrowers because not all borrowers fit into all guidelines that certain lenders have instituted. Each lender, depending on the day and their internal issues, can offer you, the borrower, something different. Entertainment Mortgage offers you access to this fluid and constantly changing product selection, while allowing you to obtain a more competitive rate. In addition, if you have credit or income issues we may be able to obtain a loan for you when you would be unable to obtain one for yourself.


If there are any mortgage related subjects you would like to ask us about, please send an email. Many general questions are of interest to everyone and we'll answer them in the blog.  If they're personal to you, we will speak one-on-one. We'll all get through these tough times together. Sharing knowledge and resources is a start.


In the meantime, subscribe to the blog. You'll be kept updated with breaking financial news that will help you in your day-to-day decisions. And perhaps your comments will help others. See you on the blog!

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