Between 2005-2007 Nearly $220 Billion HELOC’s were originated, most with a 7 or 10 yr draw period.

2014-8-8+TU

What does this mean?

Millions of homeowners will be faced with dramatically increased monthly payments once the draw period ends and their HELOC begins its P&I amortization period.

 

When opportunity knocks open the door!

You may have taken a HELOC and can combine your 1st Mortgage and HELOC into one Loan.

 

Did you know?

Combining a 1st mtg & non purchase HELOC is considered a cash out transaction EXCEPT:

FHA & Superior’s Big & Easy Jumbo allows you to combine a 1st mtg & non purchase 2nd as a rate & term

*12 mos. seasoning and no draws in past 12*

Superior Mortgage Lending LLC allows for cash out up to 85% for primary residences on Conventional transactions

Remember, #SuperiorMortgageLending doesn’t charge Origination, Processing, Underwriting or Points to the Borrower!!!  NO FEES!!!

 

SuperiorML.com

SML PHONE NUMBER

 

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About Superior Mortgage Lending LLC

Superior Mortgage Lending LLC is a full service mortgage broker located in Las Vegas, Nevada. Our goal is to provide excellent service to you throughout the process. NMLS # 372130 Nevada License # 3582 California License # 603K964 Arizona License # 0119906 8867 W Flamingo Road STE 200 Las Vegas, NV 89147 (702)507-4170 / www.superiorml.com
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