Our Current Promotions:
- Apply today and receive $1000 off your closing costs-good through December 31, 2008
See the details* - Refer a new client to Yale Financial Group, Inc. and be entered to win huge prizes!
See the details - Update your mortgage profile in our Clients Page and be automatically entered into a drawing to win one of three grand prizes.
See the details
Services
Yale Financial Group, Inc. offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
- Conforming Fixed Rates
- ARM-Adjustable Rate Mortgages
- HELOC & Closed-End 2nd Mortgages
- JUMBO
- Interest-Only Loans
Conforming Fixed Rates
- Borrowers wanting the security of stable, fixed mortgage payments
- Purchase customers who plan to stay in their home for the long term
- Borrowers who have a conservative approach towards financing
- Borrowers looking for a fast, simple mortgage
ZERO-DOWN programs also available!!!
Expanded Approval Fixed Rates:
- Falls short of 'A' credit status and are looking to improve their credit worthiness
- Credit scores below conventional standards
- Risk-averse borrowers who want the stability of a fixed-rate mortgage
ALT A Programs:
- Prefer not to document their income levels
- Terrific credit but limited assets or an asset base that obviously demonstrates an income higher than reported
- Self-employed, salaried, and retired borrowers
ARM-Adjustable Rate Mortgages
- Relocating borrowers seeking short-term security
- First-time homeowners looking to move up, yet unsure of how long they'll stay in their new home
- Borrowers who would normally prefer a fixed-rate loan, but are tempted by the lower rates available on ARMs
- New construction customers looking for extended locks
NIV-No Income Verification Programs:
- Self-employed, salaried and commissioned borrowers
- Prefer not to document their income levels or release financial statements
- Terrific credit and an asset base that obviously demonstrates an income higher than reported
- Would normally prefer a fixed-rate loan, but are tempted by the lower rates available on an ARM
HELOC & Closed-End 2nd Mortgages
HELOC (Home Equity Line of Credit):
- Looking to consolidate debt or obtain cash at closing
- Need a second mortgage for an 80/20 transaction
- Planning for financial goals, such as a child's education
Closed-End 2nd Mortgages:
- Wants a low down payment and requires a second mortgage to lower payments by eliminating the need for Mortgage Insurance.
- Prefers an amortizing second mortgage versus HELOCs
- Has good credit, but limited assets for a large down payment.
JUMBO
JUMBO FIXED
- Needs a loan amount greater than conforming loan limits
- Wants the security of stable, fixed mortgage payments
- Reluctant to take the risk of an ARM
JUMBO ARMS:
- Relocating borrowers seeking short-term security
- First-time homeowners looking to move up, yet unsure of how long they'll stay in their new home
- borrowers who would normally prefer a fixed-rate loan, but are tempted by the lower rates available on ARMs
Interest-Only Loans
Fixed Rate Programs:
A 10 year interest-only feature is available with Conforming Fixed & JUMBO Fixed loans. After the interest-only period the loan will convert to payments of principal and interest amortized over the remaining life of the loan.
ARM Programs:
The interest-only feature is available on the following Standard ARMs with the corresponding interest-only period. The term is 30 years, with an interest-only period of 10 years. After the interest-only period, the loan will convert to payments of principal and interest, amortized over the remaining life of the loan.
- 3/1, 10 year interest-only period
- 5/1, 10 year interest-only period
- 7/1, 10 year interest-only period
