100% Financing – We offer 100% LTV and CLTV Loan Programs. 100% LTV loans offer you one loan for the full 100% of your home’s value while 100% CLTV loans offers you two loans with a combination (80%/20%) of a first mortgage and second mortgage with simultaneous closing transactions. The popularity of the 80/20 loan programs is due to its avoidance of the PMI or MI clause added to conventional loan programs that finance more than 80% of the market value of a home. Call us to find out more about the pros and cons of 100% financing.

Lowest Interest Rates – We offer low market rates in a variety of Fixed and Variable interest rate loan programs with a wide variety of credit scores needed to qualify. Though 30-year fixed rates are always the safest and most secure rates in the market, ARM loan programs offer you fixed lower interest rates for a fixed period lasting from 1 month up to 15 years. These ARM loan programs, as they are referred to, amortize the loan for 30 years, same as fixed rate loan programs so the lower interest rates make your payments lower and possibly qualify you for a higher loan amount. The most popular Fixed/ARM loan programs are the 2/28 and the 3/27, which offers you 2 or 3 years fixed interest rates, and then the interest rate becomes adjustable for the remainder of the 30 years left on the loan.

NO Income/NO Asset Verification Loan Programs – These loans are referred to as Stated Loan Programs and many different versions are available. RED I Mortgage realizes that minimal paperwork for a slightly higher interest rate is appealing to many loan applicants including the self-employed and those who seek personal information to remain private. We offer loan programs in which W2’s, Income Taxes, Bank Statements and Employment information are not needed. A variety of credit scores are available to qualify. Ask us about the NO DOC loan program.

Cash-Out Refinances – RED I Mortgage can assist you in taking money out of your home equity to pay off credit cards, charge-offs, collections and other mortgages and liens, etc. A popular method of choice for many customers is to find out how much they can cash out from their home equity by lowering their interest and still keeping the same monthly payment. Call our offices to discuss a variety of options available to refinance your home.

No Closing Cost HELOC - HELOC is an acronym for Home Equity Lines of Credit and are usually in a second position lien to a first and existing mortgage. Ask us about how to qualify for the no closing costs option of these lines. The biggest advantage of having a line of credit is that the loan has little or no closing costs and the rate is interest only. The biggest disadvantage is that the line has a variable rate and when and if the rates increase, you may have to refinance to consolidate with your first loan. Call us to discuss whether you would benefit from a HELOC, a second mortgage loan or a Cash-Out Refinance in first position.

Get Out Of Foreclosure/Bankruptcy Home Loans - RED I Mortgage understands that many homeowners may have fallen into hard times financially and their home equity comprises most, if not all, of their assets. One potential course of action is to utilize your home equity to restore your financial stability. We offer you loan programs that can assist you in keeping your home and getting out of bankruptcy even if you have poor credit. The main qualifying factor for these loans is the equity of your home and the ability to repay the loan. We offer these loans for homeowner’s that have no traditional real estate financial options available. The interest rates and closing costs are higher for these loans but they have no prepayment penalties making it easier to refinance at a later date into better terms. Call us to find out the different options available to homeowner’s in distress.

Condo Hotel Financing – RED I Mortgage offers residential loans for hard to finance condo hotel units as second homes and investments. Call our offices to discuss these limited loan programs. We offer these loans to Foreign Nationals as well. Call our offices to discuss these limited loan programs. Most lenders will not work with Condo Hotels while RED I Mortgage specializes in them.

Condo Conversion Loans – In case Fannie Mae Lenders do not approve your condo building for conventional financing, RED I Mortgage offers you loan programs through our Sub-Prime Lenders that can help you finance your residential condo unit. Call us to help you acquire financing for these units.

Investment Loans – See our Investor’s Forum for more information.

Foreign National Loans – Our Kendall office works with Foreign National applicants on a daily basis. For more information, Call Joe Diaz at 305-387-6733 or click here, Foreign National Loans for more details.