Pricing
Percent of the loan amount(Prepaid Interest)
Discount Points
This product can use the BOFA down payment grant
What is Affordable Loan Solutions?
Client has 5 percent down payment of a purchase 680 credit score primary residence
What is a conforming loan?
Occupancy, Crédit Score, LTV and Product
What are factors that impact Pricing?
Product for a Purchase with Maximum 95% LTV and a minimum 620 Credit score with AUS accept
What is a conforming loan?
Client has 20% down and on a1 million dollar purchase and is a physician?
What is a doctor loan?
Points that increase your closing costs
What is paying points ?
Product for a Purchase with a maximum 80 LTV and a minimum of a 680 Credit score
What is a Non conforming Product?
Client is a first time home buyer 640 credit score primary purchase limited down payment and needing a gift.
What is FHA or Affordable loan Solutions?
Number of months that client pays to recover points paid
What is Break Even point?
Product with Minimum of 3.5% down and is limited by area you choose to live for loan amount.
What is an FHA loan?
Product for a Client that is buying a new home and will be moving in the next three years
What is an adjustable rate mortgage(ARM)
Client Scenario where the client initates sending a competitores Closing cost worksheet or loan estimate
What is competitive match Scenario or Pricing exception request?
Product that Has 100% financing available and is a government loan
What is a VA loan?
Client wants 100% financing product
What's VA loan if a veteran or military ?
or Community affordable loan solutions if available in your area