Years you plan to stay in the house	Recommended program
1-3	3/1 ARM, 1 year ARM or 6 month ARM
3-5	5/1 ARM
5-7	7/1 ARM
7-10	10/1 ARM, 30 year fixed or 15 year fixed
10+	30 year fixed or 15 year fixed

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Residential Loans

Reverse Mortgages
About Home Ownership Accelerator
Home Ownership Accelerator

Here is a small sample of some of the programs we offer to our clients.

• Purchase
• Refinance
• Conventional
• F.H.A. and V.A.
• First Time Buyers
• Low and No Down
• Home Improvement Loans (no equity or appraisal required)
• 100% L.T.V. Lines of Credit and Fixed Rate Home Equity Loans
• Swing Loans
• Credit Challenges OK
• Debt Consolidation Loans - No Equity

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Reverse Mortgages

QUALIFICATIONS:

• Must be at least 62 years of age
• Own and occupy the home as a primary residence
• All mortgages and liens against the property need to be paid or subordinated prior to closing (can be from loan funds)
• Attend an information session by approved counseling agency

BENEFITS:

• Title to home remains in borrowers name
• Money received is tax free — it is a loan against the future value of the home
• No monthly payments — we pay you!!!
• No restrictions on the use of funds available

PURPOSE:

• Payoff current mortgage on the home
• Create additional monthly income
• Set up an emergency fund with a line of credit
• Update or make repairs to the home
• Hire in-home health care or pay medical expenses
• Purchase long term care insurance
• Travel, buy a car, help grandchildren in college, etc.

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About Home Ownership Accelerator

Loan Type	Adjustable Rate*
Adjustment Period	Monthly
Term	30 Years
Lifetime CAP	See your loan agent for details
Minimum Credit Line	$100,000
Maximum Credit Line	$1,000,000
Minimum Credit Scores	680
Withdrawals	ATM/Visa P.O.S. card, unlimited checks, ACH, EFT, on-line bill-pay
Payments	Direct payroll deposit, EFT, ACH, bank-by-mail
Statements	Monthly, on-line account access

*based on 1-month LIBOR index

OUT WITH THE OLD WAY If you're like most people, you flow most of your income through your checking account — to pay for everyday expenses, monthly bills, and for longer-term expenses like property tax, insurance payments, tuition, etc.While your cash is parked in your checking account, it's usually earning just 1 to 2%. Or in some cases, nothing at all. Meanwhile, the bank is using it to lend to other home owners in the form of mortgage loans and charging the borrower 5 to 7% interest, profiting from the difference. Many of us would say "well, that's just he way it's always been done." Until NOW.

JOIN THE MORTGAGE REVOLUTION The Home Ownership Accelerator is a revolutionary new mortgage that can:

• Save you thousands in interest
• Pay off your mortgage years earlier
• Give you instant access to equity for your expenses
• All with no change to your spending habits

SAVE THOUSANDS IN INTEREST With the Home Ownership Accelerator, you deposit your entire paycheck into your mortgage, instead of your checking account, dramatically reducing the principle balance. Since interest is computed on your daily balance, you start saving interest immediately!You pay all of your expenses out of your mortgage. Until you need the money, it stays in your mortgage, keeping your balance lower, saving 5 to 6% in interest costs, verses earning 1 to 2% in your old checking account.PAY OFF

YEARS EARLIER Paying less interest means that more of your money can go towards paying down the principal, and you pay off sooner. If you're a borrower with good cash flow, you could pay off an average sized loan in roughly half the time — with no change to spending habits!

INSTANTLY ACCESS YOUR EQUITY For your everday expenses, you have unlimited checks, an ATM/Visa® P.O.S. card, and electronic (bill-pay) access to your funds, just like a regular bank account!

HOW DO I KNOW IF IT'S RIGHT FOR ME? To see how the Home Ownership Accelerator can work with your own unique financial situation, use our powerful interactive calculator — the Home Ownership Accelerator.

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Manufactured Home Loans

Patriotic Home Benefits lends on Manufactured homes in a park in 46 states.

• Preliminary approval and pricing with-in 24 hours
• Full loan package is required for underwriting approval. Approvals in 3-5 days.

Manufactured Home Information
Loan Type	Manufactured home loans in a park
LTV	Up to 95% LTV, No out of pocket fees.
Mid FICO	600+ or case by case.
Property Types	Owner occupied, 2nd, Investment Manufactured homes 1976 & newer, single wide or larger. NOT attached to a permanent foundation.
Key Requirements	Cash out available. No reserve requirements for a purchase to 95%, gifts are ok up to 6%.
Qualifying ratios	Up to 50% w/$1500 net disposible income.
Term Options	15 year on single wides and 20 year on double wides. Fixed rates.

 

 

Commercial Loans

Patriotic Home Benefits offers a wide variety of extremely competitive and creative mortgages for the purchase or refinance of your commercial building.

Below are some of the features available:

• Office
• Retail
• Shopping Centers
• Industrial
• Hospitality
• SBA 10% Down
• $250,000 and up to $10,000,000 and more...

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dj@goldenlenders.net
(303) 482-2361