The Trade Secrets they don't want you to know
about.
#1 PAY
OPTIONS ARE A TIME BOMB:
Perhaps you've heard about a "New Concept" called Pay Options. This is a loan
that gives you 4 different options to pay. Naturally what they discretely don't
want you to know is that they are setting you up. 90% of the people out there
would choose the least amount possible to "Leverage" their monthly out go. Well,
this option will put you in th hole fast. You see what happens is the monthly
payment not only doesn't pay down your principal balance but it doesn't even
pay for all of the interest you owe for that month!
This means that your principal balance WILL GO UP EACH AND EVERY MONTH. The problem is that when you are ready to qualify
for a new loan on your new house, you discover that there is an additional
$30,000 to pay. OUCH that hurts.
You have
my word I will not give you a "negative amortization" loan!
Click here to
get a loan from Robert that is NOT "negative amortization!"
#2 INTEREST ONLY LOANS SUCK:
This loan is almost as bad as a negative amortization loan. This is a loan that
many crooks, uh… I mean brokers advertise. Here's the reality, the loan never
goes down! So who is really making out… THE BANK!
What to watch out for…
- Many mortgages given to you by people other than Robert
Mendieta including refinance!
- HELOC's or AKA. Home Equity Lines of Credit are almost
always Interest Only Loans.
You have my word not to
give you an Interest Only Loan.
Click here to get a loan from Robert that is NOT
"interest only!"
#3 Private Mortgage Insurance:
PMI Insurance doe absolutely nothing for you! PMI insurance is an insurance that YOU pay to the Lender
to secure the value of the first mortgage. THIS IS HUGE MONEY, every
month that goes into the Lenders pockets, NOT YOURS!
You have my word that I will not provide a loan to you that has mortgage
insurance on it.
Click here to ask Robert for a loan that does NOT
require "private mortgage insurance!"
#4 FHA REFUND PUTS $$$$ MONEY IN YOUR POCKET:
These lenders are taking
money out of you pocket with out paying you a dime! WHAT'S WRONG WITH THAT
PICTURE?
When you get a loan with me, you may qualify for an FHA refund. Usually that
refund can be in you pocket with-in 45 days after the new loan is funded.
THAT'S HUGE SAVINGS PUT BACK IN YOUR POCKET
Click here to have Robert get you your FHA refund!
#5: VA Insurance Premiums
I had the privilege of serving our country for 4 years. In fact I was in the
Gulf War for 8 Months. That was quite an experience that I'll never forget. Our
Regiment was part of the Border Patrol in Kuwait.
One day our motorpool blew
up. Imagine all of our heavy hitter A-1 tanks and all of the Howitzers
completely LOCKED AND LOADED ready for battle! One of the howitzers caught on
fire and BLAM… It started a chain reaction. All hell broke loose. Our base was
surrounded by a mine field we had to take cover from our own mistake.
Unfortunately, not everyone made it out alive.
The fact that the
government provides the Vet's a $1 down loan is great but what they don't tell
you is you have to pay a premium for this low down payment. You pay a service
to your country and you're rewarded to pay a premium. I don't get it?
A Prepayment penalty can
last for 5 years! Plus it's roughly equal to 6 months mortgage payments
You buy a house that seems
to be the perfect one. You find out later that you are living next to a Meth
Lab… Mr. and Mrs. TWEEKER… You put the house back up for sale and get a fast
closing. The next thing you know is that you are UP SIDE DOWN on the
transaction because the real estate agent forgot to factor in YOUR PRE-PAYMENT
PENALTY to your closing costs. Your screwed!!
You have my word, I will not give you a loan that has a pre-payment penalty!
Click here right now to get a loan from Robert
without a "pre-payment penalty!"
#7 YEILD SPREAD PREMIUM:
Under federal law, Yield Spread Premium is a kick back that about 99% of mortgage brokers take from
their lenders! This is 100% legal. Most
of them call this REBATES.
This is huge money that comes out of your pocket and it can be as much as 3
points (on a $400,000 loan that is an extra $12,000 coming back TO THE LENDER).
Guess who pays for that?
You have my word, I will
not take a Yield Spread Premium.
Click
here to get a loan from Robert that does NOT pay him a "yield spread
premium" kick-back!
Call me right now at 951-634-7270!
I look so forward to helping you too!
Sincerely yours,
Robert Mendieta
Challenged Credit Specialist
iRealEstateAdvisors.com
Phone: 951-634-7270
TOLL-FREE Fax: 1-866-794-0746
