September 10, 2019
INVESTOR CASH FLOW
The Investor Cash Flow Mortgage allows cash flow on the subject property to be used to qualify for the new loan. No tax returns or employment information required. There is no limit to the number of financed properties. This innovative program can be used effectively to build a portfolio of income-generating properties!
- Loan amounts up to $3MM.
- Interest-only feature available with no reduction to LTV.
- No DTI developed or employment verified.
- Credit scores down to 580. • 5/1, 7/1, 10/1 ARM, 15 and 30 Year Fixed.
- Multiple-financed properties.
- Non-warrantable condos may be considered.
- Recent credit events allowed with compensating factors.
WHY INVESTORS LOVE THIS PRODUCT:
- Borrow up to 80% of the property value.
- Loan amounts up to $3,000,000.
- No employment or income documentation required.
- Competitive pricing.
1 – 4 unit properties, Mixed-Use, PUDs, warrantable condos, and even non-warrantable condos on a case by case basis.
5-STEP SELLER’S GUIDE
for a faster home sale this fall!
Homeowners play a critical role in the timely and successful sale of a property. These steps, and your guidance as a real estate agent will help your clients get top-dollar for their house!
Potential buyers won’t be interested in old photos or personal effects, so pack them away. Making the mental decision to “let go” of the property will assist in the transition of focusing on their future home!
2. MAINTENANCE & REPAIRS
Broken or damaged appliances or features in the home will immediately drive down the price. Get that furnace or fireplace cleaned and inspected, as well as ensuring the kitchen, laundry and bathroom appliances are all in good condition. Repair any cracked tiles, damaged walls, cabinet drawers. It may be time for a fresh paint job - neutrals are more attractive to buyers than bold or bright colors. Be sure to hang on to any receipts for repair work!
In order to make a home appear spacious and clean, it’s important to minimize the amount of unnecessary items. Buyers love to explore closets and cabinets, so make sure those are free of clutter, as well as additional rooms (even the garage). Advise sellers to pack up items they'd like to keep; consider it a head start on packing!
4. MAKE IT SPARKLE
A clean home will be perceived as a well cared for home! Windows, walls, floors, cabinets, appliances and mirrors should all sparkle, and the kitchen and bathroom must be spotless. A carpet shampoo and grout cleaning will go a long way to improve the value of the home. Never underestimate a potential buyer’s eye for detail. Any minor signs of uncleanliness may be seen as problems. Enhance that shine by opening all curtains and blinds for any showings. Put brand new light bulbs in all fixtures, which should be on in full force if a potential buyer is present.
5. ENHANCE THE CURB APPEAL
Before a buyer even sets foot in the house, their mind is largely made up of whether or not they can see themselves living there. Ensure potential buyers get the best possible first impression by clearing the sidewalks and the yard. Grass and shrubbery should be presented as neatly as possible, and make sure buyers can clearly see the house number.
THIS MONTH’S FEATURED LOAN OFFICERS:
Loan Officer, NMLS# 58078
C: (585) 314-8511
D: (585) 363-7087
O: (585) 241-0000
Loan Officer, NMLS# 58164
C: (585) 314-7789
D: (585) 363-7085
O: (585) 241-0000
Loan Officer, NMLS# 1542006
C: (716) 868-3046
D: (716) 428-7125
O: (716) 633-0501
Loan Officer, NMLS# 249778
C: (716) 310-8745
D: (716) 428-7018
O: (716) 633-0501
Loan Officer, NMLS# 63101
C: (585) 370-4427
D: (315) 407-7008
O: (315) 457-0926
ROCHESTER / SYRACUSE OFFICES
Loan Officer, NMLS# 460091
C: (518) 265-9756
D: (518) 924-8006
O: (518) 924-8001
PREMIUM MAKES TOP MORTGAGE BANKERS & BROKERS LIST
Buffalo Business First released its "Top Mortgage Bankers and Brokers" list and Premium Mortgage Corp. has been ranked #2! This list is ranked by number of retail loans in 2018 and features 25 companies located in the Buffalo area. We are thrilled that our continued growth and hard work is paying off! Read more about Premium making the Top Mortgage Bankers & Brokers List
About Premium Mortgage- With offices serving Buffalo, Rochester, Syracuse, and Albany, Premium Mortgage is dedicated to helping customers achieve the American Dream of home ownership. Since opening in 1999, the company has grown to over 140 employees and attributes its success to matching mortgage financing to individual clients’ needs, while also giving excellent customer service to real estate agents in the community. For ongoing mortgage news, visit www.premiummortgage.com and follow Premium on Facebook, Twitter, and Instagram; handle: PrmMtg