On Line Pre-Qualification
 

Try This Helpful Site, 
LowRateMortgages.com

 

These loans do make sense under some circumstances, 
but please consider these factors too in your decision ...

The interest on the loan exceeding 100% of the home's value may not be tax deductible (consult your tax advisor, the IRS is looking at the rules)...

You may not be able to sell your house until the loan is paid down below 100% of the value, even then you should allow for Real Estate Broker fees and other expenses associated with selling real estate...

This loan may prevent you from refinancing your first mortgage (to lower the rate or whatever reason) because of the combined loan to value restrictions on the existing first mortgage...

Again, these loans do make sense under some circumstances...

An appraisal may not be needed on loans less than $35,000...

Good credit is required.  The middle credit score determines the rate.  As unfair as that sounds, that is the way these loans work.  There are no gray areas regarding underwriting these loans.  A 24 month housing payment history is usually required (combination of rent and/ or mortgage). 

   First Time Homebuyer Program with no or limited mortgage/ housing history is now available.   Please complete our online form.

Other guidelines apply, please call or email for details.

Rates for these type loans are pretty much the same no matter where you may call;  what separates Consolidated Mortgage from the competition are our lower points and other fees associated with The 125% Loan.  Call for a free second opinion to see if we can save you money at closing...