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Preferred Mortgage Rates dba of GCA Mortgage Group
Preferred Mortgage Rates dba of Gustan Cho Associates NMLS 1660690 are commercial and residential mortgage brokers and lenders licensed in 48 states including Washington DC, Puerto Rico, and the U.S Virgin Islands. We are a one stop lending shop. We have a wholesale lending network of financial institutions with specialized commercial, business, and residential mortgage loan options. Over 80% of our clients are homebuyers, homeowners, second and vacation home buyers, and commercial real estate investors who have been through stress at other lenders or got a last minute loan denial at other lenders. All of our proved approved borrowers not only close but close on time. Preferred Mortgage Rates NMLS 2315275 is a dba of Gustan Cho Associates and GCA Mortgage Group powered by NEXA Mortgage LLC and AXEN Mortgage NMLS 1660690. PMR is the discount mortgage brokerage of Gustan Cho Associates. We cater to higher credit score borrowers with immaculate credit and try to beat the mortgage industry when it comes to rates. WE ARE MEMBERS of the Better Business Bureau with a A+ Rating and have a national reputation for being able to approve, and close commercial loans and residential mortgage loans other lenders cannot do. On the residential mortgage lending division, Preferred Mortgage Rates offers competitive mortgage rates on government, conventional loans, Jumbo Mortgages, and non-QM LOANS with credit scores down to 500 FICO with no lender overlays on agency mortgage loan programs. VA and FHA loans with credit scores down to 500, VA and FHA manual underwriting, conventional loans at phenomenal competitive rates with zero lender overlays, Jumbo Loans with credit scores down to 500 FICO, non-qm loans for NO-DOC LOANS, 12 month bank statement loans, Asset Depletion Mortgage loans, No-Ratio DSCR loans, P and L loans, fix and flip loans, ONE TIME CLOSE NEW CONSTRUCTION LOANS for one to four unit multifamily homes on owner and nonowner occupant homes, manufactured home loans, Barndominium mortgage loans, nonwarrantable and warrantable condos, and condotel condo financing. New ground up OTC NEW CONSTRUCTION loans and renovation loans. On the commercial lending division, Preferred Mortgage Rates (PMR, Inc. owns, manages and operates a subsidiary commercial and institutional brokerage and direct lending company Lending Network, Inc. Contact us at Preferred Mortgage Rates at 1-844-90-RATES. Here is PMR website
http://www.preferredmortgagerates.com
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2 Replies
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Preferred Mortgage Rates, dba of NEXA Mortgage and AXEN Mortgage is the discount arm for Gustan Cho Associates (powered by NEXA Mortgage). We strive to reward our prime borrowers with credit scores higher than 740 FICO with par rates and the best rates and terms possible. If you have any questions, please contact us at PRM (Preferred Mortgage Rates), powered by NEXA Mortgage at 844-90-RATES NMLS 2315275. Company NMLS 1660690.
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Preferred mortgage rates are interest rates offered to borrowers with the most favorable credit profiles, financial situations, and loan characteristics. These rates are typically lower than the average market rates and are reserved for borrowers who present the least risk to lenders. Factors that can help borrowers qualify for preferred mortgage rates include:
- High credit score: Borrowers with credit scores of 740 or higher are more likely to qualify for preferred mortgage rates.
- Low debt-to-income ratio (DTI): A DTI of 36% or less, meaning that a borrower’s monthly debt payments (including the new mortgage) account for no more than 36% of their gross monthly income, can help secure preferred rates.
- Substantial down payment: Making a down payment of 20% or more can help borrowers avoid private mortgage insurance (PMI) and potentially qualify for better rates.
- Stable employment and income: Lenders prefer borrowers with a stable work history and consistent income, as this reduces the risk of default.
- Choice of loan type: Certain loan types, such as conventional loans with fixed rates and shorter terms (e.g., 15-year mortgages), may offer lower interest rates compared to other loan types.
- Loan-to-value ratio (LTV): A lower LTV, which represents the amount of the loan relative to the value of the property, can help borrowers secure better rates.
- Discount points: Borrowers can choose to pay discount points, which are upfront fees, to “buy down” their interest rate and secure a lower monthly payment.
It’s important to note that preferred mortgage rates can vary depending on the lender, market conditions, and individual borrower circumstances. Borrowers should shop around and compare offers from multiple lenders to find the best rates and terms for their situation.
GCA Mortgage Group is a mortgage company founded by Gustan Cho, a well-known mortgage banker with over 20 years of experience in the industry. The company is based in California, United States, and provides mortgage services to clients across the country. Here are some key points about GCA Mortgage Group:
- Full-service mortgage company: GCA Mortgage Group offers a wide range of mortgage products, including conventional loans, FHA loans, VA loans, USDA loans, and jumbo loans.
- Focus on challenging cases: The company specializes in helping borrowers with unique or difficult financial situations, such as those with low credit scores, high debt-to-income ratios, or non-traditional income sources.
- Personalized service: GCA Mortgage Group emphasizes providing personalized service to each client, taking the time to understand their individual needs and goals and working to find the best mortgage solutions for their situation.
- Experienced team: The company has a team of experienced loan officers, processors, and underwriters who work together to ensure a smooth and efficient loan process for clients.
- Educational resources: GCA Mortgage Group provides educational resources, such as blog posts and videos, to help clients better understand the mortgage process and make informed decisions about their home financing.
- Positive reviews: The company has received positive reviews from clients who appreciate their personalized service, expertise, and ability to help them secure mortgage loans despite challenging financial situations.
- Licensed in multiple states: GCA Mortgage Group is licensed to provide mortgage services in several states across the United States, allowing them to serve a broad client base.
Overall, GCA Mortgage Group aims to help clients achieve their homeownership goals by providing expert guidance, personalized service, and a wide range of mortgage products tailored to their individual needs.