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100% VA loans; 97% FHA purchase loans with 3% DPA (Down Payment Assistance), but seller contribution to your closing costs - will allow you to get into a home with no down payment - if you qualify.

FHA Secure and other FHA loan programs available to 97% refinances.

Whether you are looking for 100% financing with lower scores or to refinance with a high LTV, we are there to help.

For both your primary residence or an investment property, rest assured that we will process your loan file quickly and efficiently.

Call us today : Toll-Free#
(877) 209-8600.

e-mail:
mortgageoffice@gmail.com

1.	How do I know how much house I can afford? Answer
2.	What is the difference between a fixed-rate loan and an adjustable-rate loan? Answer
3.	How is an index and margin used in an ARM? Answer
4.	How do I know which type of mortgage is best for me? Answer
5.	What does my mortgage payment include? Answer
6.	How much cash will I need to purchase a home? Answer
7.	Can you really do 90% investment property financing? Answer
8.	Is Credit Score the "only" Criteria for doing high LTV (residential) investor property mortgage loans? Answer

Q :	How do I know how much house I can afford?
A :	Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Give us a call, and we can help you determine exactly how much you can afford.

Q :	What is the difference between a fixed-rate loan and an adjustable-rate loan?
A :	With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us.

Q :	How is an index and margin used in an ARM?
A :	An index is an economic indicator that lenders use to set the interest rate for an ARM. Generally the interest rate that you pay is a combination of the index rate and a pre-specified margin. Three commonly used indices are the One-Year Treasury Bill, the Cost of Funds of the 11th District Federal Home Loan Bank (COFI), and the London InterBank Offering Rate (LIBOR).

Q :	How do I know which type of mortgage is best for me?
A :	There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Challenge Financial Investors Corp. can help you evaluate your choices and help you make the most appropriate decision.

Q :	What does my mortgage payment include?
A :	For most homeowners, the monthly mortgage payments include three separate parts: Principal: Repayment on the amount borrowed Interest: Payment to the lender for the amount borrowed Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company.

Q :	How much cash will I need to purchase a home?
A :	The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply: Earnest Money: The deposit that is supplied when you make an offer on the house Down Payment: A percentage of the cost of the home that is due at settlement Closing Costs: Costs associated with processing paperwork to purchase or refinance a house

Q :	Can you really do 90% investment property financing?
A :	Yes - on (residential) Investment property have over 680 middle credit score, we offer 90% financing on SFR, townhome, condo and 2 unit properties; or 80% on 3-4 unit investor properties.

Q :	Is Credit Score the "only" Criteria for doing high LTV (residential) investor property mortgage loans?
A :	No. An Underwriter will also look at: # of Trade lines (other mortgage(s), car loan, credit cards, etc.) that have been Open for last 2 years and "how" they have been paid (paid on time?); as well as: a.- whether the Borrower / Client has managed other properties in the last 2 years and b.- if he/she has purchased any other properties in the last 2 years. ZERO lates on mortgage or rent payments, in the last 24 months is critical. Another item that helps an Undertiter feel more "comfortable" with the loan file is if you have liquid "assets" (typically the Underwriter will want to see at least 6 months "Reserves" (money that you do NOT pay to the lender, but rather that you have in some type of liquid assets in case of a "rainy day"[i.e., your renter moves out without paying and it takes you a few months to rent the property out again] in a checking, savings or money market account - seasoned for at least 2 months.