Who is iloanoptions.com?
Iloanoptions.com is a service of New Horizon Mortgage. New Horizon Mortgage
is a local Scottsdale, Arizona based mortgage company; servicing the entire
greater Phoenix area. Our team is made up of veterans in the mortgage
industry. We have been helping home buyers realize the American dream
of homeownership for years. We are also dedicated to helping people find
new ways of lowering their monthly payments, consolidating debt, getting
cash for home improvements, college tuition or other family needs - even
if you have bad credit, a past bankruptcy, or foreclosure.
Is it beneficial to me to work with a mortgage
broker?
Absolutely! New Horizon Mortgage is licensed as both a mortgage broker
and banker. This allows you the, the client, the convenience of working
with just one loan officer while maintaining the ability to access loan
programs from hundreds of other lenders. Because we are also licensed
as a Banker, we have the ability to underwrite certain mortgage programs
“in house’’, making the loan process quick and hassle
free for you. And if you don’t qualify for one loan program, we’ll
find you another one. We have numerous other loan programs available because
we are not limited by one set of rules or guidelines like other banks.
No more wasting time calling bank after bank trying to
find the loan program that’s right for you. No more trying to keep
track of “who called you back” and “who didn’t
call”. No more unneeded credit report inquires with multiple banks.
Contact New Horizon mortgage today and receive all of the benefits that
we have to offer.
What about out-of-state companies?
My name is Joe Morales; I’m a Sr. Mortgage Specialist at New Horizon
Mortgage. Because I represent a local Arizona mortgage company, I am able
to take a more personal approach, while maintaining the same or greater
lending ability of most national mortgage companies. Some companies may
mail you stacks of paperwork to fill out on your own. I will work around
your schedule, and if necessary I’ll meet with you in the comfort
of your home or office, making the process of buying or refinancing easier
for you.
Unlike other companies (even in state), I’ll attend
your closing, so you can breathe easy while I explain what can seem like
mountains of complicated documents. It’s important to feel comfortable
with the lender you choose to help you make the right decisions.
I believe that everyone should have the opportunity to
take part in the American Dream of homeownership. But, unforeseen circumstances
such as illness, divorce, job cuts and many others can create credit challenges
for potential borrowers. These credit challenges can make homeownership
a very difficult goal to obtain. We have the programs that will get you
into a home even if you have poor credit.
*Cruise Certificate recipient
is responsible for port charges,
taxes, customs & fulfillment fees. Inquire for details.
** 0 closing cost option requires a minimum loan amount of 300,000 and
80% LTV. Minimum middle credit score is 680. Appraisal fee reimbursed
at closing. Other restriction may apply please inquire for details.
***Rate is variable and subject to change. After the initial
fixed–rate period, the rate will adjust every month. The initial,
minimum payment on a 30–year $200,000, 5–year Adjustable Rate
Loan and 80% LTV is $643.28. The minimum payment is based on a rate that
is implied solely for the purpose of calculating the minimum payment which
in this example is 1.00%. Interest will accrue at a rate of 6.75%. Paying
only the minimum payment will result in deferred interest or negative
amortization since you will not be paying all of the interest that is
owed each month. The unpaid interest is added to principal. Interest can
be deferred until the outstanding principal balance is 15% higher than
the original loan amount. The Annual Percentage Rate is 7.325%. Rates
could change daily. Actual payments and rates may vary depending on individual
client situation and current rates. Some restrictions may apply.
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