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Rose Waldie

10/40 Fixed-Rate Interest Only Loans

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Why LendSure’s 10/40 Fixed Rate-IO Loans? Why not! Smart homeowners and property investors have an option to leverage their home’s equity and manage their monthly cash flow – all while locking in a low rate for 40 years. This innovative loan program provides homeowners with the flexibility to make low interest only payments or fully amortized payments without penalties.

  • Investment/business purpose loans qualify using the low IO payment and owner-occupied loans qualify with 30-year amortizing payment
  • No prepayment penalties on owner-occupied property loans
  • LendSure can finance origination and discount points with no out-of-pocket costs or impact on cash out
  • Financed points do not raise the LTV pricing bucket
  • Great way for property investors and self-employed borrowers to leverage their equity to increase their monthly cash flow
  • Eligible for ALL Full Doc, DSCR, and 12- or 24-month Bank Statement programs
  • Loan amounts as high as $3,000,000

5-8 Unit DSCR Investor Cashflow Program

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5-8 Unit DSCR Investor Cash Flow Program

LendSure’s innovative DSCR Investor Cashflow program is now available for 5-8 Unit properties for seasoned property investors. This program comes with the exceptional service levels and streamlined process that you’ve come to expect from LendSure.

  • Loan amounts under $2,000,000
  • Minimum DSCR of 1.10
  • Close multiple loans for the same investor at the same time
  • Up to 70% LTV for Purchase or R/T Refi
  • Up to 60% LTV for Cash-Out Refinance
  • No limit on the number of properties owned and can finance up to 10 properties for one investor
  • Industry-leading funding times
  • Qualify on interest-only payments – excellent for qualification and cashflow purposes, particularly
    with our 10-Year IO Period and 40-Year Term program
  • Credit score as low as 700
  • Rate buydown feature available with no additional cash at closing

Contact your LendSure Account Executive to talk through your borrower’s loan scenario.

Webinar: Growing Your Pipeline in a Rising Rate Market

By | Mortgage Professional Webinars | No Comments

With rates continuing to rise, the Non-QM market is poised to skyrocket in the months to come. If you’re looking for ways to keep your pipeline full in a rising rate environment, then you need to attend this webinar.

We’ll give you the groundwork to start generating new business from a variety of new sources, including:

  • Strategies for building new relationships and referral sources
  • Non-traditional avenues of networking
  • Incorporating programs to reach growing markets
    o  Freelancers, Business Owners, Consultants, Gig Workers
    o  Targeted programs for property investors
    o  Growing Foreign National market
  • Expanding your property type offerings to reach new markets

 

 

Webinar: Close More Loans by Structuring Winning Deals

By | Mortgage Professional Webinars | No Comments

Whether your borrower is rate sensitive or faces some unique challenges qualifying for a loan, you’ll learn the strategies for structuring loans and presenting rate options to meet your borrowers’ specific needs.

  • Pricing loans with discount points without increasing cash to close
  • Using 40-year Interest Only options to optimize investor cash flow and reduce DTI
  • Structuring bank statements loans to ensure the quickest approvals
  • Taking a creative approach to rental income and losses to help your borrower qualify for the maximum loan amount
  • Utilizing compensating factors to support exceptions to standard underwriting guidelines

LENDSURE OFFERS APPROVALS YOU CAN COUNT ON

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In today’s market, every opportunity is precious.  That’s why when LendSure issues an approval, you can count on that commitment.  If another lender has backed out of your deal and left you stranded, bring it to LendSure.  Our team of experienced Account Executives will work with you to get your deal funded.

As a valuable partner, LendSure is dedicated to your success and will honor our commitments.  We understand that you and borrowers hate last-minute surprises.

Contact your LendSure Account Executive to discuss your loan deal today.

 

HELP BORROWERS ACCESS THE EQUITY ON THEIR HOME

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HELP BORROWERS ACCESS THE EQUITY ON THEIR HOME TO CONSOLIDATE DEBT

CASH OUT LOAN OPTIONS OFFERED ACROSS MOST PROGRAMS

Rising home values mean borrowers have untapped equity in their homes. Help borrowers access that equity to consolidate debt with cash out refinance. Your LendSure Account Executive can help refill your pipeline by providing cash out loan options across a number of programs.

  • Available across most loan programs, including 12- and 24-Month Bank Statement
  • Cash out can be applied to reserves (if Super Prime or Expanded Approval, must be <70% LTV and >700 FICO)
  • Available for Non-Warrantable condos
  • Exceptions to cash-out amount will be considered based on overall profile
  • Finance origination or discount points with no effect on the cash out amount

Contact your LendSure Account Executive to talk through your borrower’s loan scenario today.

COMPETITIVE PRICING & EXPANDED OPTIONS FOR SECOND HOMES

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COMPETITIVE PRICING AND EXPANDED OPTIONS FOR SECOND HOMES

EXPANDED LOAN OPTIONS FOR SECOND HOMES

The demand for second homes has skyrocketed in the last couple of years, with affluent buyers looking for a place to get away and relax.  California, Texas and Florida are the hottest spots for second homes, but opportunities exist all over the country.

With conforming pricing on second homes on the rise, LendSure’s Non-QM loan programs offer highly-competitive pricing and expanded options not available anywhere else.

  • Highly competitive rates and unsurpassed funding times
  • All pre-qualifications are performed by experienced, in-house professionals, usually within 24 hours
  • Common-sense exceptions considered
  • 10/40 Interest-Only and 40-year loan term available
  • Non-warrantable condos and condotels permitted
  • Loan amounts up to $2,000,000
  • Multiple types of income considered
  • 12- and 24-Month Bank Statement Program (personal or business bank statements permitted)
  • Finance origination or discount points with no additional out of pocket costs

Contact your LendSure Account Executive to discuss your loan deal today.

Saving Your Condo Deals with Non-Warrantable Condo Loans

By | Mortgage Professional Webinars | No Comments

Fannie Mae’s new HOA questionnaire is causing a wave of loan denials, leaving borrowers and mortgage originators in the lurch. Since Fannie Mae backs 70% of all existing condo loans, the impact on the industry could be catastrophic.

Non-warrantable condo loans can rescue your loans, without the extensive HOA questionnaire that are required with conforming loans.

  • Learn how the Fannie Mae changes are affecting the condo industry every day
  • Non-Warrantable program guidelines and funding workflow
  • Leveraging rate buy down to lower rate with no additional cash at closing
  • Leveraging 10/40 Fixed Interest options on your high-end condo deals
  • Create a steady stream of referrals by offering condo loans when others can’t –
  • Capitalize on the exploding condotel market

 

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