MORTGAGE BROKER KAM ZARNEGAR LISTS HIS SERVICES FOR 2020
Update December 26, 2019 Independent mortgage broker Kam
Zarnegar has updated his list of services for 2020, and many of these services include new types of mortgages that were recently
made possible. Ask about his $1,000 cash guarantee to have your mortgage ready for your closing.
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.
The State 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.
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 verification.
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.
LOANS 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.