Mortgage Spotlight: Second Liens

Presenting our monthly Mortgage Spotlight on A&D Mortgage’s Non-QM second mortgage – now with even better pricing. As a mortgage broker, you understand the value of providing your clients with flexible financing options to meet their unique needs which is why we recently improved our pricing by 1 point.

Our Non-QM second mortgage products offer just that – a reliable solution to tap into home equity and support various financial goals.

Why Choose A&D Mortgage’s Second Mortgages?

1. Flexible Credit Requirements: We accept credit scores as low as 660, providing opportunities for clients with diverse credit profiles to secure a second mortgage.
2. Versatile Property Types: Our second mortgages are available for owner-occupied residences, second homes, and investment properties, ensuring broad eligibility for your clients.
3. Competitive Loan-to-Value (LTV): With a maximum Combined Loan-to-Value (CLTV) of 85%, borrowers can access a significant portion of their home equity to fund endeavors such as home improvements, debt consolidation, or education expenses.
4. Suitable Loan Amounts: We offer a minimum loan amount of $50,000 and a maximum loan amount of $500,000, enabling borrowers to tailor their financing to their specific requirements.
5. Reasonable Debt-to-Income (DTI) Ratios: Our maximum DTI of 50% provides flexibility for clients with varying debt obligations, helping them find the right balance for their financial needs.
6. Extended Loan Terms: Enjoy the stability of 30-year fixed terms, allowing your clients to lock in a consistent monthly payment and plan for the long term.
7. Geographical Considerations: While we aim to serve customers nationwide, please note that cash-out options are not available in Texas and New York.

Whether your clients are looking to make home improvements, consolidate debt, or pursue other financial goals, A&D Mortgage’s Second Mortgages offer the ideal solution. We understand the importance of providing flexible financing options and are dedicated to helping you meet your clients’ needs.