DealDesk: Brokers Advantage Mortgage’s Closed End Second (CES) DSCR Loan

Take a look at our latest DealDesk featuring Brokers Advantage Mortgage’s Closed End Second (CES) DSCR Loans.

In our last webinar with Bill Ashmore, the Founder and CEO of Vista Point Mortgage 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. With historically low-rate first mortgages locking in equity, homeowners are seeking smart ways to access their wealth without refinancing. As mortgage rates remain steady or even rise, the demand for second mortgages has never been stronger.

Join Rachel To, Executive Vice President and Pete Lunetto, VP of Credit/Underwriting at Brokers Advantage Mortgage as they assisted Bill in breaking down this booming second mortgage market and introduce a game-changing solution— the DSCR Closed-End Second Mortgage. Learn how to leverage this program to expand your offerings and grow your business!

In this webinar, Rachel, Bill and Pete discussed:

• Loan amounts up to $750,000.
• Max combined loan amounts up to $5M.
• CLTV up to 80%.
• No personal income required. Qualify using market rent.
• Allowing investors to keep their low interest rates first liens, while continuing their BRRRR strategy.
• No NMLS licensing required for brokers to originate these loans in most states.