The PERi Team builds relationships through attentive customer service and competitive rates. We strive to build long term relationships by pricing loans with the intention to generate referrals and a high level of customer satisfaction. The PERi Team has a 7 year history and proven track-record working with clients like Shea Homes, K. Hovnanian, Standard Pacific Homes and KB Homes.
As other mortgage companies continue to go out of business, Homeowners Financial Group continues to grow. We are ranked 13th in the State in volume and the 24th fastest growing company in AZ. Access to over 47 lenders allows the PERi Team to provide its clients a diverse product offering and low interest rates. We structure loans around the clients needs regardless of negative credit, minimal employment history, financial issues or lack of rental/mortgage history. Utilizing years of experience specializing in the sub prime/Alt A lending, the PERi Team can overcome the most challenging scenarios such as 100% LTV financing with no reserves, 100% LTV financing with no rental/mortgage history or credit score as well as 100% LTV financing with a 575 FICO Score.
The PERi Team specializes in providing borrowers the most aggressive financing options the industry has to offer. Below are examples of aggressive programs still available despite the collapse of the sub prime/Alt A markets and current restructuring of the entire mortgage industry.
100% LTV FULL DOC O/O I/O 6 Months NO Mortgage Payments with MI – 575 FICO
100% LTV Stated Income / Verified Assets O/O One Loan with MI - 700 FICO
95% LTV NO RATIO OR SIVA O/O One Loan with MI - 660 FICO
95% LTV Stated Income / Stated Asset O/O One Loan with MI - 680 FICO
80% LTV FULL DOC Equity-Bridge-Loan, No Payments on old house for 9 months and bridge loan not included in DTI.
5% Down Payment Assistance: Free Down Payment Money from Bond Program
The PERi Team
Mikeperi@homeownersfg.com
Friday, August 31. 2007
As a licensed Arizona real estate agent and a somewhat savvy investor, I
have viewed the current real estate market with a great deal of interest.
The real estate market has been battered in recent months for a variety of
reasons. Mostly though by a rampant number of lender bankruptcies / closures
and an ever increasing new home inventory. Although a market like this is a
bane to some, it can be a boon for others (myself included).
A struggling market presents many opportunities for investment buys due to
foreclosures and people needing to sell to get out from under a monstrous
mortgage payment. Typically, if the home sales market drops, the rental
market increases. It makes sense, doesn’t it, to assume that these people
have to live somewhere and they can no longer afford to buy a home.
There are numerous ways to buy these distressed homes for purposes of rental
and I won’t get into that because most investors already have their ways.
The problem occurs when the newly purchased investment is put on the rental
market. Generally speaking, the use of a property management company is
needed to tend to the investment since many investors do not reside in the
same area as the investment. However, most property managers require $300
to $600 initial fee and 8% to 10% of the monthly income. In some cases,
these costs put my investment in the red.
Although I am a real estate agent, I have absolutely no desire to be a
property manager. Additionally, I do not have the knowledge or desire to
learn the complex issues involved in the rules and regulations of the
Arizona Landlord / Tenant Act. That creates a whole new can of worms for
me. There is, however, a solution for people like myself.
After much searching, I found a company that offers ala carte landlord
services for a fraction of the cost of a full service property manager. So
far, they only work in the Phoenix area but that is the location of my
investment properties and it has added money to my pocket. It is called the
Cirre Consulting, LLC and information regarding the services of this company can be
found at www.go4cashflow.com.
After all, to an investor, the name of the game is making money and every
penny counts!
Gene Ochrymowich
Focus Real Estate and Investments
geneochrymowich@msn.com
