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Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. Adjustable Vs Fixed Rate , Easy Qualifying , Mortgage Broker Vs Bank , As part of our commitment to staying at the forefront of the industry, we invest heavily in cutting-edge technology to streamline the mortgage application and approval process. This not only speeds up the application process but also provides you with real-time updates on your mortgage status, giving you peace of mind and eliminating the uncertainty that can often come with the mortgage process. Our tech-driven approach allows us to offer a seamless and convenient experience, making your journey to homeownership or refinancing as efficient as possible.
– AAA Lendings Equity Solutions – AAA Lendings Detail:

EQ Closed End Second

Overview

Easy Qualified Closed End Second.

Loan Term: Fixed; 15 Yrs Balloon.

Details

1) Standalone’s and Piggyback’s Second Loan are Both Available;
2) Primary and Investment Property are Available;

3) No Prepaid Penalty;
4) No Reserves Needed;

5) Range of Loan Amount: $75,000 – $350,000;
6) Max. CLTV: 85%.

* Loan amount are rounded down to the nearest $100

Income Documentation

Option1: Bank Statements – 12 Mths Personal & Business Bank Stmts

★Personal & Business-Combined or Business (12mo.):
         § At least one of the borrowers must be self-employed for at least 2 years (25% or greater ownership);
         § Asset Depletion allowed with Bank Statement documentation;
         § Standard expense factors apply: 50% expense factor:
            ①If business operates < standard expense factor, P&L or expense letter from CPA, CTEC (California Tax Education Council), or EA (Enrolled Agent) required;

②Minimum expense factor with 3rd party prepared P&L or letter is 20%.
      ★Personal & Business Separated (12mo.):
         ①At least one of the borrowers must be self-employed for at least 2 years (25% or greater ownership);
         ②Asset Depletion allowed with Bank statement documentation;
         ③Personal used to qualify, 3 months business to show business cash flows in order to utilize 100% of business related deposits in personal account (no expense factor).

Option2: Full Doc – 1 Yr & 2Yrs

General Guideline

★30/15yr Balloon &40/15yr Balloon min loan amount $200k.
★Maximum Combined Liens – $1.5 M.
★Most recent 2 months bank statements required.
★Property Type – SFR, PUD, Condo-Warrantable.
★Properties listed for sale in the last 12 months are not eligible.
★Borrowers – Eligible for US Citizen, Non-Permanent Resident Alien (with US Credit), Permanent Resident Alien. Ineligible for Non-occupant co-borrowers & entities.
★3 tradelines reporting for 12+ months or 2 tradelines reporting for 24+ months all with activity in the last 12 months.
★Credit Event Seasoning – 48 months – Foreclosure, short-sale, deed in lieu, bankruptcy. No multiple events in last 7 years.
★Derogatory Credit – No open charge-offs or collections in 48 months. No delinquent tradelines at closing.
★Housing Lates – 0x30x12 On all mortgages for all borrowers. Minimum 12 months housing history required.
★Appraisal Requirements:
①Previous appraisal within 12 months + Residential Appraisal Review. Review value must be equal to or greater than appraisal;
②New 2055 appraisal and Residential Appraisal Review supporting value within 10% variance. Lower of two values to be used;
③Declining markets maximum 75% CLTV on Owner Occupied/2nd Home. Maximum 70% CLTV on Non Owner Occupied.


Product detail pictures:

– AAA Lendings Equity Solutions – AAA Lendings detail pictures


Related Product Guide:

Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. – AAA Lendings Equity Solutions – AAA Lendings , The product will supply to all over the world, such as: Honduras , Panama , Australia , Satisfaction and good credit to every customer is our priority. We focus on every detail of order processing for customers till they have received safe and sound solutions with good logistics service and economical cost. Depending on this, our solutions are sold very well in the countries in Africa, the Mid-East and Southeast Asia.
  • In China, we have many partners, this company is the most satisfying to us, reliable quality and good credit, it is worth appreciation.
    5 Stars By Raymond from Yemen - 2017.02.28 14:19
    It can be said that this is a best producer we encountered in China in this industry, we feel lucky to work with so excellent manufacturer.
    5 Stars By Rachel from San Diego - 2018.06.03 10:17