Paradise Mortgage & Financial Services Rates and Programs
Available Programs:
Fixed
10, 15, 20, 25, 30 year loans
ARMS
1, 3, 5, 7, amortized over 30 years
Interest Rates from: — Current rates [10/27/2009]
6.00%
Adjustable rate loans
7.49%
Short term Fixed programs
8.25%
Stated & bank statement loans
6.25%
With 3, 5, 7, and 10 year options
Requirements:
650
Minimum Fico score
$75,000
Minimum Loan Amount
Paradise mortgage over the course of many years has developed relationships with lenders, investors and banking institutions to ensure we can find the option and a program to meet your needs.
Financing is available for:
Purchase
Refinance
Cash out refinance
Land/Lots
Construction
Commercial
With the widest array of programs available we can provide you with the program that will meet your needs, lowest down payments, and everything from fixed to adjustable rates,
2 year Pre-Payment Penalty some cases can be bought out
80% Max Loan to Value
Minimum FICO Score of 650
50% Maximum Total Debt Ratio
Guarantee Trust on ALL transactions
Purchase, Rate / Term and Cash Out Refinance available
No Limit on amount of cash out to borrower
Purchased your existing property under LLC, carry back or developer financing? We will still consider that a refinance with proof of payment history!
Facing a large Tax Payment because Seller will not pay Capital Gain? We will allow you to finance that Tax to include paying the Tax through your loan prior to final close!
Impounds for Tax, Trust and HOA. We can have those paid for you! No worries while you are out of the country!
In addition to our standard loan programs, you may benefit by obtaining one of our many special programs
We are licensed in the United States and can help you use your US equity to purchase your Mexico dream property as well.
Full Doc: 2 Years Tax Returns or 2 Years W-2s plus 30 days of paystubs
Alt Doc: 12 Months of Personal Banks Statements. We average the deposits over 12 months to determine income.
Limited Doc: Borrowers states their income but is not required to document the income. Employment or Self Employment is still verified.
No Ratio: No income is used to qualify borrower. There is no debt ratio. Employment or Self Employment is still verified
No Doc: No Employment or income is used to qualify borrower.
Apply Now!
We'll show you the perfect loan when buying property in Mexico.
