MORTGAGE BROKER KAM ZARNEGAR LISTS HIS SERVICES FOR 2019
Update June 1, 2019 Independent mortgage broker Kam Zarnegar
has updated his list of services for 2019, and many of these services include new types of mortgages that were recently made
FIRST TIME BUYER PROGRAMS
Kam Zarnegar and his team have the latest programs for first-time home buyers
and these programs can include low or no down-payments and closing costs. In the past, many assistance programs had limits
on the incomes of the buyers -- but there are now new programs that offer down payment and closing costs assistance without
any income limits at all. Call Kam Zarnegar about these unique programs that other mortgage brokers may not have.
There are still other forms of assistance for buyers that do retain limits on
income, and these are also offered by Kam Zarnegar. These assistance programs with assistance for down payment money and closing
costs come from various City and County agencies.
of California has a new program to assist first time buyers and it is called the CalHFA Program. While this program does have
income limitations it can be very helpful to buyers who lack downpayment money. Let Kam Zarnegar explain it to you and show
you the benefits.
Kam Zarnegar is also up-to-date with the
new Mortgage Credit Certificate programs that can lower your effective interest rate by as much as 20-percent.
NO TAX RETURN LOAN PROGRAMS
There are many potential self-employed homebuyers who for one reason or another do not have a current tax return,
or can't file a current tax return because of issues with paperwork or their tax records. There are still others whose tax
returns don't reflect their true current income. Tax returns that don't reflect your current true income shouldn't prevent
you from buying a home or refinancing your current home. Kam Zarnegar works with non-traditional lenders who understand these
issues and can provide special loan programs that can help these borrowers. These loan programs can have surprisingly low
interest rates. One of these programs is called "Stated-Income" which only requires a self-prepared income statement.
Another is called "Bank Statement Program" which qualifies you based on your average monthly deposits into your
business and personal bank accounts.
If you're employed, you
can skip tax returns, W2s and pay stubs and get qualified using a one-page verification of employment or "VOE" from
your current employer.
If you are a real estate investor and you are buying or refinancing a rental
property such as a condo, house, duplex or four-plex, there is a NINA program which stsnds for no income, no assets, no employment
If you have equity in your home, there are also
Home Equity Lines of Credit (HELOC) available that are based on the equity in your home. Kam Zarnegar also has a special HELOC
that doesn't need proof of income, unlike most banks. Call him about this special program.
WHEN YOU DON'T MEET STANDARD QUALIFICATIONS
One of the problems
that many home buyers have is that traditional lenders want you to fit their "ratios" or standards for a loan. If
your income is too low or if your other debts are too high, many traditional lenders will not qualify you and reject your
"ratios" for a mortgage. But mortgage broker Kam Zarnegar has sources for loans for buyers who have a high debt-to-income
ratio. Call him for information.
And if your credit score
is low there are low credit score programs available. Private money loans and Hard Money Loans are available and Kam will
try to get you the best interest rates available. There are also loan programs for foreign nationals. Let Kam Zarnegar explain
them to you.