Loan Programs

Loan Programs

WHICH TYPE OF MORTGAGE IS RIGHT FOR YOU?

  Fixed rate Adjustable rate Interest only Piggyback
DESCRIPTION Payments are locked in for the life of the loan. The interest rate is fixed for a set period, then fluctuates on a monthly or yearly basis. You make only interest payments for a set period, then principal payments too. Two mortgages (or a mortgage and a home equity loan or line of credit) at the same time.
YOU'LL WANT ONE IF... ...you're willing to pay for complete predictability. Interest rates are higher, but your payments won't change for the life of the loan. ...you're willing to accept  interest-rate risk in exchange for a lower rate and lower monthly payments. The shorter the fixed term, the lower the interest rate. ...you want to keep your payments down in the short term (at the expense of much higher payments later). Interest-only payments can reduce your monthly outlay by about 20%. ...you don't want to cough up much cash for a down payment and also want to avoid private mortgage insurance (PMI). Some use piggyback loans to avoid jumbo mortgage rates.
WHO IS IT GOOD FOR? Buyers who are likely to stay in the same house for at least seven years. Buyers who are likely to move or refinance within a few years - or are comfortable with interest-rate risk. Buyers who are confident that their income will rise in the future. Buyers whose PMI would cost more than the interest on the piggyback loan.

Microalimentos HAS PROGRAMS FOR:

 
  • LOW FIXED RATE MORTGAGES
  • NO P.M.I. PROGRAMS
  • NO CREDIT SCORE PROGRAMS
  • BUY A HOME WITH AS LITTLE AS 3% DOWN WITH NO CREDIT SCORES
  • FREE PRE-APPROVALS FOR BUYING A HOME
  • SELF-EMPLOYED - LITE DOC, NO DOC, NO RATIO, STATED INCOME
  • PAYING OFF BILLS
  • ONE YEAR IN A CHAPTER 13 BANKRUPTCY
  • DIVORCE PAYOFFS
  • CONSOLIDATE DEBT
  • CASH OUT FOR HOME IMPROVEMENTS
  • SOLVING YOUR CREDIT PROBLEMS
  • PAYOFF JUDGEMENTS OR COLLECTIONS
  • PAYOFF LAND CONTRACT
  • NO PRE-PAYMENT PENALTY PROGRAMS
  • ESCROW YOUR TAXES & INSURANCE
  • COMBINE A 1ST & 2ND MORTGAGE UP TO 97% OF THE HOMES VALUE
  • FREE CREDIT & INCOME ANALYSIS
  • CASH OUT FOR ANY REASON
  • 100% PURCHASE OR REFINANCE PROGRAMS
  • ONE YEAR OUT OF A CHAPTER 7 BANKRUPTCY
  • ONE YEAR IN DEBT MANAGEMENT
  • BANK TURNDOWNS
  • PAY DELINQUENT PROPERTY TAXES
  • BALLOON PAYOFFS
  • PAYOFF HIGH RATE CREDIT CARDS
  • PAYOFF IRS

ANY REASON IS A GOOD REASON
CALL TODAY 1-(866)-METRO-33

Microalimentos LOAN TYPES:

30 YEAR FIXED / ADJUSTABLE (ARM) 7/1 ARM TREASURY
FIXED LOAN 25 YEAR FIXED / ADJUSTABLE (ARM) 5/1 ARM TREASURY
FIXED LOAN 20 YEAR FIXED / ADJUSTABLE (ARM) 5/1 ARM LIBOR
FIXED LOAN 15 YEAR FIXED / ADJUSTABLE (ARM) 3/1 ARM TREASURY
FIXED LOAN 10 YEAR FIXED / ADJUSTABLE (ARM) 3/1 ARM LIBOR
    FIXED / ADJUSTABLE (ARM) 1 YEAR LIBOR
 
FIXED "NO P.M.I" 30 YEAR FIXED / ADJUSTABLE (ARM) "NO P.M.I." 7/1 ARM TREASURY
FIXED "NO P.M.I" 15 YEAR FIXED / ADJUSTABLE (ARM) "NO P.M.I." 5/1 ARM TREASURY
    FIXED / ADJUSTABLE (ARM) "NO P.M.I." 3/27 ARM LIBOR
    FIXED / ADJUSTABLE (ARM) "NO P.M.I." 2/28 ARM LIBOR
 
    FIXED / ADJUSTABLE ARM "INTEREST ONLY" 7/1 ARM TREASURY
    FIXED / ADJUSTABLE ARM "INTEREST ONLY" 5/1 ARM TREASURY
    FIXED / ADJUSTABLE ARM "INTEREST ONLY" 3/27 ARM LIBOR
    FIXED / ADJUSTABLE ARM "INTEREST ONLY" 2/28 ARM LIBOR

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