1 / 8

Hire Trustworthy Mortgage Company In Winter Park & Maitland | Clifton Mortgage

Are you looking for a trusted Mortgage Company In Winter Park? We process a wide range of home loan benefits on your own price as per your requirement. We are keeping you fresh on each of your goals. You will never be unaware of what it is and how long your credit will take. We are here to simplify the process for you. Our most experienced and qualified home loan experts will help create or buy a perfect home.

cliftonmortgageservices
Download Presentation

Hire Trustworthy Mortgage Company In Winter Park & Maitland | Clifton Mortgage

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mortgage Company In Winter Park

  2. Mortgage Company In Winter Park • Origination Process • Application • Criteria • Payment-to-Income Ratio (PTI) The ratio of monthly payment to monthly income. • Loan-to-Value Ratio (LTV) The ratio of the amount of the loan to the market (or appraised) value of the property. • Credit Scoring • Commitment Letter to the Applicant http://www.cliftonmortgageservices.com

  3. Mortgage Company In Winter Park • Insurance • Conventional Mortgages • Insured Mortgages • Federal Housing Administration (FHA) • Veterans Administration (VA) • Rural Housing Service (RHS) • Fees • Origination Fee A point represents 1% of the borrowed funds. • Application Fee http://www.cliftonmortgageservices.com

  4. Mortgage Company In Winter Park • Claim Priority • First Mortgage • Second Mortgage • Third Mortgage • Maturity: 15 to 30 years http://www.cliftonmortgageservices.com

  5. Mortgage Company In Winter Park • Mortgage Design • Fixed-Rate Mortgage (Traditional Mortgage) • Adjustable-Rate Mortgage (ARM) Rates to be reset every month, year, two years, or three years. • Balloon-Payment Mortgage (Balloon/Reset Mortgage, Rollover Mortgage) Rates to be renegotiated every 3 to 5 years. http://www.cliftonmortgageservices.com

  6. Mortgage Company In Winter Park • Risk • Determinants • Equity Invested (Loan-to-Value Ratio) • Borrower’s Income • Borrower’s Credit History • Pipeline Risk The loan applications being processed and the commitments made by a mortgage originator together are called its pipeline. Pipeline risk refers to the risks associated with originating mortgages.

  7. Mortgage Standards • Underwriting Standards • Conforming Mortgage A mortgage loan that meets the underwriting standards to be included in a pool of mortgages underlying a security that a conduit guarantees. • Maximum PTI • Maximum LTV • Maximum Loan Amount • Nonconforming Mortgage http://www.cliftonmortgageservices.com

  8. And Happy New Year 2019 http://www.cliftonmortgageservices.com

More Related