Bring your deals, scenarios and questions as National Mortgage Professional Magazine presents a DealDesk featuring Brokers Advantage Mortgage’s Closed End Second (CES) DSCR Loans. Come join this interactive forum where mortgage brokers and loan officers share real deals and scenarios. These DealDesk webinars are both informative and deal-making.
In our previous webinars with Brokers Advantage, Bill Ashmore, the Founder and CEO of Vista Point Mortgage and Brokers Advantage Mortgage (BAM), we explored the massive $32 trillion home equity opportunity and how Mortgage Brokers and Loan Officers can tap into this potential with Closed-End Second Mortgages.
The NonQM Closed-End Second from BAM is designed to help homeowners access their equity without disturbing their low-rate first mortgage, especially in today's rate environment. With flexible guidelines, generous CLTVs, and alternative income documentation options, this product is a perfect fit for brokers working with owner-occupied borrowers who fall outside agency guidelines.
Join Bill Ashmore, Founder and CEO of Vista Point Financial Holdings, LLC (VPFH), Vista Point Mortgage (VPM) and DBA Brokers Advantage Mortgage (BAM), and Pete Lunetto, VP of Credit/Underwriting as they discuss:
- How to access up to $750,000 in loan proceeds, with combined loan amounts up to $5 million w/ CES
- CES Flexible income documentation including Full Doc, Bank Statement, 1099, P&L and NOW DSCR.
- CES Max CLTV up to 90% for owner-occupied properties
- What is a blended rate and why is it important for an equity origination strategy?
- How to incorporate CES into your Equity Origination Strategy
- How to source CES borrower leads
