Envision Lending~Jim Haitz

Licensed in 47 states, Envision Lending
Group’s 1800+ professionals take pride in
providing a distinctive personal touch.
Whether you’re buying your first home,
ready to refinance, or want to build that
dream home, our loan professionals are
ready to help.

phone (219) 865-4000 fax (219) 864-1613

742 E Lincoln Hwy Schererville, IN 46375

Monday-Friday: 8:30 am - 6:00 pm

Saturday: 10:00 am - 2:00 pm

Sunday: closed

JAMES HAITZ ENVISION LENDING,MORTGAGES,FIRST TIME HOME BUYER,REFINANCE,FHA,CASHOUT,PURCHASE,REVERSE MORTGAGE,HOME IMPROVEMENTS,FREE CREDIT ANALYSIS,VA.

posted by jimhaitz on Nov 3rd, 2008 at 3:55 pm

I BEEN IN FINANCE FOR 15 YEARS. I CAN HELP WITH CREDIT ISSUES, FHA FINANCING.VA,FHA,CONVENTIONAL LENDING.CASHOUT PAY OFF DEBTS.MAKE YOUR EQUITY WORK FOR YOU.DON'T PAY HIGH INTEREST ON CREDIT CARDS. WE ARE LOCAL WITH NATIONAL RESOUCRES . CASHOUT UP TO 95% OF YOUR HOMES EQUITY.PAY OFF BILLS,MAKE INPROVEMENTS,FUND RETIREMENT,GO ON VACACTION.

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blog tags: MORTGAGES, REFINANCE, CREDIT, PURCHASE, PREVIOUS BANKRUPCTY, CASH OUT, DEBT CONSOLADATION, WORK WITH FSBO.

Jim Haitz ~ Envision Lening: Purchases, FHA, VA, Conforming loan, Debt Consolidation, Cash Out, Home Impovements, Refinance, Free Credit Analysis... Call Today!!

posted by jimhaitz on Oct 27th, 2008 at 1:46 pm

Refinance

Envision Lending Group can help you take advantage of refinancing opportunities. Ask one of our loan professionals for more information about how you may benefit from refinancing. Below are a few reasons people choose to refinance:

Debt Consolidation

This type of refinance is done by using the equity in your home to consolidate your other personal debt into one monthly payment. It provides you with an improved monthly cash flow, better tax advantages, fewer payments, and with no pre-payment penalty the ability to pay the entire debt off faster. Several different loan programs can be used on this type of refinance; your loan officer can assist you in selecting the program that best fits your needs.

Cash-Out

This type of refinance is used when individuals wish to pullout equity from their home with no specific purpose. The equity or cash taken from the home can be used at the borrower's discretion whether it is for the purchase of another home, investment purposes or simply to purchase a new vehicle. Additional tax benefits can be used on the amount of money taken out. Loan to value limits may apply.

Rate/Term

Purchases		Envision Lending Group has several programs to fit your needs. Your ability to purchase a new home is primarily driven by down payment, credit and monthly income. Your mortgage professional will help you select the best program to fit your personal situation. The most commonly used loan types are:
FHA		This program is primarily used by first-time homebuyers, although not required, and provides the most flexibility and options available. It allows the borrower to have higher debt and less down payment than other loan programs. It does have a maximum loan amount depending upon where you are purchasing. Down payment assistance programs and seller-paid closing costs can be used to allow a borrower to purchase a home with little or nothing out of pocket.
VA		This loan is reserved for use by veterans of military service. Active duty, retired, and reservists are eligible depending upon length of service and status of discharge. A Certificate of Eligibility is required, which your loan officer can help you obtain with a copy of your DD214. This loan can provide 100 percent financing for the purchase of a home and does not require any monthly mortgage insurance, a common requirement of other down payment loans.
Conventional (Conforming)		This loan can accommodate all borrowers. It has a maximum loan limit of $417,000.00. Its traditional down payment is 5%, but options exist to accommodate a lower down payment if necessary. It usually requires mortgage insurance unless the borrower puts in a down payment of at least 20%, but split mortgages such as 80/20 and 80/15 can be done to eliminate the requirement for mortgage insurance.

This type of refinance is used when you are paying off your existing mortgage. Usually it is done to reduce the interest rate of your current loan, which reduces the monthly payments, or it can be used to reduce the term of the mortgage in an effort to pay off the existing mortgage faster. Rate/Term refinances are a wonderful way to improve your monthly payments or to help you own your home sooner. Your loan officer can show you if in fact it would be beneficial to your specific needs.