The Mortgage Oasis ---- We've Got the Loan Program For You.

Programs Still Available....Updated January 1, 2008

Refinance Loans - Looking to Refinance? Looking to Convert an Adjustable (ARM) to a 30 Year Fixed Rate? We will guide you to the customized financing solution that fits your current financial needs – Give us a call today.

Fixed Rate Mortgages - Traditional loan programs with interest rates and payments that are fixed for the life of the loan. We offer fixed-rate mortgage products for  40, 30, 20, or 15 year terms. Want the lowest payment possible? We will work to get you that loan!

100% Financing - Loan programs and finance options for borrowers seeking 100% financing on home loan purchases. These programs are meant to assist homebuyers overcome one of the major obstacles to homeownership - the accumulation of funds needed for down payment.

Down Payment Assistance Programs - Loan programs for low-to-moderate income borrowers seeking to put 3% to 5% down. These flexible programs allow borrowers to use gifts or grants to cover closings costs and have more flexible requirements. Great for first-time homebuyers.

Option ARM Loans - If your number one goal is increasing your cash-flow, definitely check out this mortgage product. When explained properly, the Option ARM loan is a very easy to understand loan and makes sense! Give us a call and we will give you more of the basics. These loans give you 4 payment options each month. Must have excellent credit and equity in property to qualify for thise program.

Hybrid Adjustable Rate Mortgages (ARM) - After the fixed-rate period, the interest rate begins to adjust either once or twice a year, depending on the program. These loans are a great option for individuals who plan to own the home for a shorter period of time. Often times, they allow the borrower(s) to obtain a lower interest rate than a 30 year fixed rate mortgage.

Interest Only Loans - Loan programs that allow borrowers to pay only the interest portion of their monthly payment. This generally means buyers have the opportunity to save money or qualify for a larger loan.

Bad Credit Loans -Programs designed with flexible guidelines for borrowers with Bad Credit, Past-Bankruptcy, Foreclosure, Collections, Late Payments, etc. Everyone deserves a chance…and even a second chance. At The Mortgage Oasis we work with credit-challenged homebuyers and homeowners to help them finance and refinance with a program that makes sense for them! We will also help you work on your credit. In 2008, more than ever your credit needs to be good to quailfy for a mortgage. Please call us and find out how we may be able to help you! Let us help you get back on track.

Self Employment Loans – If you get paid on commission, earn your money on a seasonal basis, or own your business, we have a variety of programs to help you verify your monthly income – including the ability to average your deposits over 6 to 12. Let us count your deposits!

Jumbo Loans - Loan programs designed for borrowers seeking a home loan that exceeds the current Fannie Mae or Freddie Mac Loan Limits. Please check out our resources section – common terms for the 2007 Loan Limits.

Second Homes/Investor Purchases -Loan programs for individuals looking to purchase a second home or who are investing in properties in Florida.

Home Equity Loans

Home Equity Loans - If you need money for home improvements, to consolidate bills, make a big purchase, etc. you can apply for a fixed-rate second mortgage. Use the equity in your home to your advantage, 5 to 25 year loans are available.

Home Equity Lines of Credit - Equity Lines of Credit is another way for homeowners to get equity out of their homes. Lines of Credit offer flexible payments and function as Open-end, revolving second mortgage line of credit.

Hard Equity Loans

The term refers to the type of loan and how it is structured with relationship to the property and borrower. The basis to Hard Money loans is the equity in the property. The property must have a large amount of built-in equity to satisfy the lender. Usually lenders will only loan up to 65% of the property’s value. Unlike conventional loans, the borrower’s credit history, time on the job and assets may not even be considered. Since the lending guidelines put more weight on the properties value than the borrowers ability to pay they are protected by the equity in the property.

The loan can be for residential or commercial property or even raw land. The proceeds of the loan may be used for any purpose. The rate of interest is very high compared to conventional financing. Hard Money financing has been a popular way to finance real estate when a fast closing is needed or the property and/or the borrower does not fit into the normal underwriting guidelines. But if you want a quick closing, you have the cash and you don't want the lender poking around in your finances, you may want to consider this type of real estate financing.

COMMERCIAL LOANS

At The Mortgage Oasis, we can also help you obtain a commercial loan. This includes multi-family properties, retail, light industrial and mixed use properties. In South Florida, where redevelopment and revitalization is booming, commercial properties and trendy mixed used properties will become more of the norm and definitely more attractive purchase options. Let The Mortgage Oasis help you finance your commercial property.