Alternative Niche Loans
Call now for a no obligation consultation and quote. 406-880 LOAN(5626)
What Are Alternative Niche Loans?
For those that don't fit into the standard loan options offered today there are new loan programs to fit your unique circumstances, and more being added so call to see if there's something for you.
One time close construction loans allow you to build the home of your dreams. One time close means one approval, one set of fees and rate security, and if rates have dropped when your project is complete you can float down your rate. Build your dream home with as little as 5% down.
Bank statement loans provide an opportunity to finance a home using your bank statements instead of standard tax returns.
Looking to buy an investment property or expand your current investment portfolio? We have loans that can qualify you to buy an investment property on the expected cash flow from the property and your liquid reserves, no income documentation necessary.
Concerned about rate market fluctuations? Take advantage of our lock and shop opportunity. Lock in a rate while you search for the perfect property and if rates improve take advantage of the lower rate
*certain restrictions and provisions apply please contact for further details
Cash-Out Mortgage Refinancing Advantages
- Use your home equity to pay for improvements that will increase the property value of your home.
- Take advantage of the potential tax-deduction benefit associated with the interest paid on a mortgage loan.
- Pay off high-interest and/or high-balance credit cards or eliminate other high interest debts to save money.
- Pay for unforeseen expenses, such as emergency medical bills or costly car repairs.
- Helping to pay for college tuition.
Cash-Out Mortgage Refinancing Disadvantages
- Interest Costs: You’ll restart the clock on all of your housing debt, so you’ll increase your lifetime interest costs (borrowing more also does that).
- Foreclosure risk: Because your home is the collateral for any kind of mortgage, you risk losing it if you can’t make the payments.
- Closing costs: You’ll pay closing costs for a cash-out refinance, as you would with any refinance. Closing costs are typically 2% to 5% of the mortgage - that’s $4,000 to $10,000 for a $200,000 loan. Make sure your potential savings are worth the cost.
- Enabling bad habits: Using a cash-out refinance to pay off your credit cards can backfire if you run up your credit card balances again.
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