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Housing Market Points to Recession By Election Day | Council on Foreign Relations

https://www.cfr.org/blog/housing-market-points-recession-election-day

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Got Denied By the Big Banks?

Got Denied By the Big Banks?

PMC Can Help!

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes. Business Purpose & Commercial Financing Available in All 50 States: Investment Properties vested under LLC/Corp, Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL:Complete…

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Down Payment Programs: Become a Homeowner in 2019

Down Payment Programs: Become a Homeowner in 2019

For many years, Platinum Mortgage Company has been in business to help people obtain the American Dream of owning their own home. In addition, we pride ourselves in our ability to help our clients make sound financial decisions regarding their mortgage and investment needs. Buying a home is one of the largest investments we make in our lifetime, which will one day become a future asset. Most…

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BUYING A HOME? GET A $500 APPRAISAL FEE CREDIT...

CONVENTIONAL/HIGH-BALANCE/GOVERNMENT

Get a credit of up to $500.00 on appraisal fees at closing for Conventional, High-Balance and Government Purchase Loans. Appraisal credit excludes any additional fees, such as a rush fee, 10004D, etc. A copy of a paid invoice is required. (Effective for Govt. loans submitted 10/1/2018 to 11/30/2018, and closed by 12/31/2018. Effective for Conventional and…

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No Income, No Assets, No Problem

No Income, No Assets, No Problem

This program allows for Purchase, Rate & Term reduction & Cash Out Refinance for 1-4 Unit investment properties including Airbnb’s.

Non-Owner Occupied Only

No DTI Calculation (No Income on 1003)

No DSCR Calculations (No Lease Required)

No 4506T

No Tax Returns

No Income listed on 1003

No Post Closing Reserve Requirement

80% LTV with 700+ FICO’s – 5/1 and 7/1 ARM – Interest Only Option

Cash Out,…

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The Ultimate Non-QM Product

The Ultimate Non-QM Product

Flexible, non-QM lending option that can help your hard-to-qualify clients get approved!

12 or 24 months bank statements or 12 or 24 months full documents

No seasoning requirement on settled derogatory credit, such as deed-in-lieu, bankruptcy, foreclosures and short sales

Minimum of 2 months reserve on subject and 2 months reserve on each additional up to 12 months

Cash in hand may be used to…

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Rental Property, Fix 'N Flip and Construction Financing

Rental Property, Fix ‘N Flip and Construction Financing

We offer both Single and Portfolio Rental Property Loans. We help beginning rental property investors purchase their first property, and help seasoned investors unlock equity from established portfolios so they can grow.

Key Facts About Our Rental Property Loans1

Commercial loan underwritten on property cash flow

No personal income verification

Option to borrow as an LLC

Designed for…

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Small Balance Multifamily 5+ Unit Financing

Small Balance Multifamily 5+ Unit Financing

Multi-Family Financing: The Small Balance Loan Program (SBL) for properties with 5+ residential units extends financing for purchases and refinancing of small balance loans using hybrid or fixed rate loan products (Acquisition or refinance of conventional multifamily housing, including conventional housing with tax abatements and Section 8 vouchers).

LOAN AMOUNTS $1M – $6M (and up to $7.5M in top…

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Trending: New Construction Financing

Trending: New Construction Financing

  The trend is in new construction right now.  There are tear downs going on all over the country.  We get a lot of requests for construction financing.  Older homes are being renovated into dream homes.  It takes a lot more work and patience, but the results are rewarding.  Older homes typically have larger lots and builders are building multi family homes on the lots or subdividing them into…

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Yes! Stated Income Loan Programs & HELOC Option.

Yes! Stated Income Loan Programs & HELOC Option.

SISA (Stated Income/Stated Assets) LOAN PROGRAMS All Transaction Types

  60% to $1M. 50% to Unlimited**   O/O + N/O/O (Owner Occupied or Non-Owner Occupied)   SFR 1-4, Condos, PUDs (Warrantable Only-based on Freddie-Mac Guidelines)   County (ask PMC rep for list)   Income is not verified by any means   No Minimum Fico Required   Foreign National Borrower’s OK – Passport Only   Minimum 1 Year out of…

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Jumbo Loans Made EZ

Jumbo Loans Made EZ

Jumbo Loan Products

JUMBO 90% LTV

Jumbo 90% LTV with no PMI gives your borrowers the option of making a lower down payment or the ability to increase their buying power. It’s a great way to grow your Jumbo business and build a highly valuable referral network.

30-year fixed

720+ FICO

Up to 90% LTV

No mortgage insurance

Primary homes

43% maximum DTI

Jumbo Elite

Give your Jumbo clients the…

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Tips for a Successful Bank Statement Loan Approval - Self Employed and 2106 Write Offs

Tips for a Successful Bank Statement Loan Approval – Self Employed and 2106 Write Offs

Borrowers whose incomes are less documented have a more difficult time qualifying for a traditional home loan. Whether it is for a primary residence, a second home or an investment property, self-employed borrowers or those who write off 2106 unreimbursed expenses will be the most likely to benefit from the bank statement program. As its name would suggest, the concept is predicated on providing…

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Buying a "As-Is" Distressed Property That Needs Repairs?

Buying a “As-Is” Distressed Property That Needs Repairs?

So you found a home that you just have to have, but it is distressed and in need of repairs.  The issue you are having is that it is a REO (real estate owned) bank or government owned (pre-foreclosure or foreclosed) property and they are firm about what they will and will not cover.  In many cases the lien(s) on the property outweigh the value of the home and they are already losing.

Normally,…

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Hard to Place Residential Lot/Land or Commercial Loan

Hard to Place Residential Lot/Land or Commercial Loan

RESIDENTIAL LOT / LAND LOAN

This program is designed for Borrowers in need of financing to purchase a residential lot. Residential lots must be eligible for present or future new construction. Construction financing is also available.

Loan amounts from $35,000 to $1,000,000 Loan amounts up to 75% of the purchase price in improved subdivisions, where construction will begin immediately after…

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When Banks Say No, PMC Says Yes!

When Banks Say No, PMC Says Yes!

We have been a Premier CA, WA & OR Mortgage & Real Estate since 1989. Our broker platform provides direct access to a wide array of real estate financing programs offering expertise in every area of mortgage lending from purchase to refinancing. When banks say “No”, PMC says “Yes”!

Over 50 Loan Programs 40+ Wholesale Lenders Competit…

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Foreign National - No FICO Score/SSN Required. Cash Out Up to $500k.

Foreign National – No FICO Score/SSN Required. Cash Out Up to $500k.

This is one of the Foreign National Programs that we offer.  Every client is a little different and may require other needs.

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes.

Business Purpose & Commercial Financing Available in All 50 States: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan…

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Self-Employed One-Month Bank Statement Program

Self-Employed One-Month Bank Statement Program

PMC offers 1, 12 & 24 Month Bank Statement Programs.  Here are the Details for The One-Month Bank Statement Program:

Self-employed Borrowers (2) year history required by (i) CPA Letter or (ii) Business License) Income is ATTESTED to and DECLARED; Underwriter to confirm reasonable for job and compare to credit usage / history – deposits into account are not the determinant figure Purchase Max LTV…

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