Financing Options
Residential Financing
Purchase
Mortgage Home Purchase Loans without the Hassle!
Need financing options on a home, or other real estate? Choosing a purchase loan product that matches your goals and making sure you get the best rate for your given scenario can feel overwhelming. We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with a FREE pre-approval letter request.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The Home Purchase Loan Process
Here’s how our home purchase loan process works:
Complete our simple mortgage application
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that best fits your needs
Here at MPG, we offer a multitude of loan programs
CONV
FHA
VA
USDA
Jumbo
Bank Statement
DSCR
ITIN
Refinance
Why Refinance?
Refinancing is the process of paying off your existing mortgage with a new mortgage. Typically, you refinance your mortgage to reduce your interest rate and monthly payment or change the length (or term) of your mortgage. You may also refinance to take cash out from your home’s equity.
Fixed Rates
Adjustable Rate Mortgage (ARM)
Conforming Loans
Jumbo & Super Jumbo Loans
FHA, VA, & USDA Loans
Terms from 5 to 30 Years
Reverse
What is a Reverse Mortgage?
A reverse mortgage is a loan to a homeowner aged 62 or older who occupies their home as their principal residence. Many senior homeowners rely on their reverse mortgage as a source of supplemental income in retirement. The loan "pulls" a portion of the home's equity and makes it available to the homeowner as cash. The loan is repaid once the homeowner sells the home, moves or passes away.
Home Equity
A home equity finance option refers to a set of financial products that allow homeowners to leverage the equity they have built up in their homes as a source of funds. Home equity is the difference between the current market value of a home and the outstanding balance on the mortgage. Home equity finance programs can be used for various purposes, such as home improvements, debt consolidation, education expenses, or other major expenses.
There are several home equity finance options, including:
HELOC
A Home Equity Line of Credit (HELOC) is a type of revolving credit that is secured by the equity in your home. With a HELOC, you are given a credit line that you can borrow against, similar to a credit card. The amount you can borrow is usually based on a percentage of your home's appraised value, minus the balance owed on your mortgage. The credit line is typically open for a set period, often 5 to 10 years, during which you can borrow money, repay it, and borrow again.
One key feature of a HELOC is that during the draw period, you typically only need to make interest payments on the amount you've borrowed. After the draw period ends, you may enter a repayment period during which you can no longer borrow, and you'll be required to make principal and interest payments to pay off the outstanding balance.
HELOAN
Home equity loans give the borrower a lump sum, upfront, and in return, they must make fixed payments over the life of the loan. Home equity loans also have fixed interest rates.
Commercial Financing
Flexible Financing Solutions for Every Commercial Need
At MPG, we understand that every business is unique. That's why we offer a diverse portfolio of commercial financing solutions tailored to your specific needs. Whether you're looking to purchase a gas station, invest in a new subdivision, or refinance your current loan, our team is here to help you navigate the financial landscape.
Choose from a variety of financing options, including:
Term Loans: Secure funding for long-term investments with fixed or variable rates.
SBA programs
Private Financing
Commercial Real Estate Loans: Invest in property with our competitive financing options.
Contact us.
It all begins with making that move. Let us know how we can help you. We make it easy to understand and ensure that our number one priority is taking care of you!
contactus@mortgageprogroup.com
(775) 204-0703
Visit Us
5496 Reno Corporate Dr.
Reno, NV 89511
Hours
Monday–Friday
9am–5pm
Phone
(775) 204-0703
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