Advantage Mortgage Exceeds the Needs of Many that Want to Acquire a Mortgage

If you want to be a powerhouse in the world of mortgages then you would ask yourself a question like, “What mortgage products are my clients and potential clients looking for?”  Advantage Mortgage answered that question by providing products that meet and exceed the needs of clients or potential clients that have less than perfect credit.  Advantage Mortgage also rose to the forefront with business owners who want to purchase a home.  Still yet, Advantage Mortgage has products for investors, as well.

For the investor, Advantage Mortgage offers rehab loans.    With all loans there are requires that must be met, Advantage Mortgage give those requires upfront without hesitation.  Those requires are:

• Three-quarters of the walls must be standing
• The home has to be one to four unit
• The potential rehab property cannot be a condo or mobile home
• The repairs must not exceed the lender’s limits.

The company has thought of everything when come to securing a rehab loan and give the investor a rule of thumb on calculation of repair for a property based on its after rehab value.  Please visit their site for more details at http://www.advantagehomerates.com/Rehab_Mortage_loans.php

For the business owner who want to purchase a home Advantage Mortgage offers stated income mortgages and interest only mortgages.  The company cautions the business owner that the rate of a loan may be higher due to the business owner proceeded unstable income.   It is equally important to note that the company admits that the search and securing of a mortgage for a self employed people is a challenge, but the company assures the business owner that it can meet the challenge if the business owner has the following things:

• The past two or three year’s income tax forms
• Monthly business expense and revenue statements for the current year
• 20 percent down payment
• good credit score

In additon, the company reveals a desire to empower the business owner by helping him or her shop for the best interest rate on the market.

For the first time home buyer with less than perfect credit Advantage Mortgage offers advice on what to expect if your score is 500 to 579.   The company admits that there are lender that will work with a buyer with credit scores in this ranges, but lets the consumer know that the rate for these loans will be higher.  When you are shopping for a loan, it is best to work with a company that give realistic information about the product that you are purchasing.    Advantage Mortgage has taken the guess work out of what a mortgage will cost, so give them a try at http://www.advantagehomerates.com/.