Company Name Lending

Whether you’re looking to purchase a home, build one, or refinance for any reason, 239 Mortgage Team will help you reach your goal. We’re a full-service mortgage banker with an experienced staff offering expertise in every area of mortgage lending, including purchase and refinance. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan – with competitive rates, terms and costs – to meet your unique needs.

Through us, you not only have access to some of the most attractive loans available in the marketplace, but you can also review loan alternatives, and even apply for your loan, at your convenience, online – 24 hours a day.

Thank you for visiting our website. We look forward to putting our mortgage service to work for you!

Kent Williams
Branch Manager, 239 Mortgage Team

1st 2nd Mortgage Co. of NJ Inc.

NMLS #1478754 Phone 800.562.6466 Mobile 239.989.8577

Website www.1st2ndmortgage.com Email kent@1st2ndmortgage.com

Address 50 Spring St, Cresskill, NJ 07626

Corp NMLS Corp NMLS # 115981

The Traditional Fixed Rate

The traditional fixed rate mortgage is the most common type of loan program, where monthly principal and interest payments never change during the life of the loan. Fixed rate mortgages are available in terms ranging from 10 to 30 years and can be paid off at any time without penalty. This type of mortgage is structured, or "amortized" so that it will be completely paid off by the end of the loan term. There are also "bi-weekly" mortgages, which shorten the loan by calling for half the monthly payment every two weeks. (Since there are 52 weeks in a year, you make 26 payments, or 13 "months" worth, every year.)

What is a Rehab Loan?

A Rehab loan is a mortgage loan that exceeds the standard loan amount limits on conforming loans. Remarkably, loan companies do not consider a fixer-upper home as investment they like to consider. With a Rehab Loan, we build an appraisal with the value of the work, into the future monetary worth of the property, in which your loan is based. Homeowners are able to invest in property reconstruction, enhancements, or assemble their home for sale.

What is a VA Loan?

The VA Loan provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families. The Veterans Administration provides insurance to lenders in the case that you default on a loan. Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan. VA home loans are available in all 50 states. A VA loan may also have reduced closing costs and no prepayment penalties.

The Reverse Mortgage

A reverse mortgage is an increasingly popular consumer loan for senior homeowners age 62+. It allows these senior homeowners to tap into the home equity that has been built up. There are no monthly mortgage payments but homeowners are still responsible for paying property taxes, insurance, and maintenance. The repayment of the loan is deferred until the homeowner dies, sells or moves out of the home. Because there are no monthly mortgage payments and homeowners can generally receive their home equity as tax-free cash this particular type of loan has seen over 1,000,000 seniors take advantage.

What is a Non-QM Loan?

A Non-Qualified Mortgage Loan does not qualify under classic underwriting guidelines, but may help guarantee financing for a less conventional borrower - exceptional for self employed entrepreneurs or real estate investors. Non-Qualified Mortgage (Non-QM) loans are typically for borrowers with incomparable circumstances and for those who don’t fit the normal “qualified-mortgage box”. Often these loans are for borrowers with non-ordinary situations like shifting income, self-employed, independent business owners, contractors, entrepreneurs, artists, etc.

What is an FHA Loan?

FHA home loans are mortgage loans that are insured against default by the Federal Housing Administration (FHA). FHA loans are available for single family and multifamily homes. These home loans allow banks to continuously issue loans without much risk or capital requirements. The FHA doesn't issue loans or set interest rates, it just guarantees against default. FHA loans allow individuals who may not qualify for a conventional mortgage obtain a loan, especially first time home buyers. These loans offer low minimum down payments, reasonable credit expectations, and flexible income requirements

OUR LOCATIONS

Miami Florida

8544 South West 8th Street

Miami, Florida 33144

T 800-562-6466 E kent@1st2ndmortgage.com

WEST PALM BEACH

120 South Dixie Highway #106

West Palm Beach, Florida 33401