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No
Closing Costs Option for Refinancing
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No Closing Costs Option
for Refinancing |
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We have a no closing
costs refinancing
program for borrowers
who prefer not to add
the closing costs to the
loan. In this option we
pay all the refinancing
costs except the
appraisal fee and the
prepaid items costs (
prepaid interest,
property tax and home
owner's insurance). |
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for details |
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Interest Rate Explanations
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Interest Rate
Explanations |
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The
rates showing at the top of this page are conforming rates
for Kansas and Missouri homeowners and are based on a
loan size of $250,000. These rates are approximates due
to the fact that rates change by the hour. Since rates
for stated income loans, loans on rental properties,
second mortgages, and home equity lines of credit vary
based on the loan size, document type (full doc, stated
income or no income verification), property type (the
number of units), and credit score, it is very difficult
to post more accurate rates for each of our loan
programs. To get a more accurate interest rate for the
loan program that you have in mind, please complete the
contact request
form with
your approximate loan size, document type, property
type, and your credit score (if known). A loan officer
will be happy to provide you with a more accurate
interest rate quote. You can also call us any time from
8 A.M. to 8 P.M. seven days a week.
Interest rates and percentage of the loan will be based
on the borrower's credit score. Credit score
could be as low as 500 for non-conforming loans with
income verification and high down payment. For stated
income or no income verification loans with lower loan
to value, credit score could be as low as 580. Interest
rates and the percentage of loan to value change for
560, 580, 600, 620, 640, 660, 680, 700, 720, 740, 760,
780 and 800 credit scores. The minimum credit score for
100% loan is 620. Please call for further
information.
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Why AGF Mortgage should be your
choice?
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Why AGF Mortgage should be your
choice?
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AGF Mortgage, Inc. was
founded in 1993 with a commitment to
Kansas and Missouri residents to
provide the best possible real
estate loans for owner occupied, non
owner occupied (rental home), and
second homes with low rates and low
closing costs. |
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When it comes to our
rates, whether you are an employee
or self employed, you will find the
most suitable loan program among
hundreds that we offer through over
fifty investors. Our
experience makes the loan processing
smoother and faster.
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We challenge the major
lenders in this area such as Chase,
Bank of America and others with our
low costs and excellent service. |
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Reasons to Refinance the Current Mortgage |
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Primary Reasons to
Refinance the Current
Mortgage
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Other
Reasons to
Refinance |
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Your current
loan
consists of
first
and second
mortgages |
Pay off high rate and high monthly payment credit
cards |
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and you want
to combine
those into
one loan
with a low
rate |
Pay for down payment of rental or investment homes |
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Your loan
has a high
interest
rate |
Pay for down payment of a 2nd or a lake home |
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Your current
rate is
variable |
Pay for remodeling of your home |
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Pay off personal or car loans |
Pay for children's tuition |
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Pay off student loans |
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Loan on Investment Property |
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Loan on Investment Property |
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Are you searching for a loan to
purchase or refinance multi family
units from 1 to 4 units (1 unit,
duplex, triplex or 4-plex) of rental
property with low rates and low
closing costs? Would you like
an expert loan officer to answer any
question you may have? If so, you
are in the right place. We have been
providing loan on investment
properties for our clients for the
past 15 years with down payments as
little as 10% .
For rental properties
over 4 units
visit AGF Commercial
Loan
site.
The states that we offer our
commercial loan are: AL, AK, CA, CO,
CT, DE, GA, ID, IN, IL, IA, KS, KY,
LA, ME, MD, MA, MI, MO, MT, NH,
NC, NE, NM, OH, OK, OR, PA, SC, TN, TX,
UT, VT, VA, WA, WV WY
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Zero Down Payment Loan |
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Zero Down Payment Loan |
It
is a 100% loan program. There are four ways to do it.
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One loan with 100% LTV
and mortgage insurance |
Two loans, first and
second as 75/25/0 |
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One loan with 100% LTV
and no mortgage
insurance |
Two loans, first and
second as 80/20/0 |
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Interest Only Loan
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Interest Only Loan |
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It is a 30 year
fixed rate loan. For
your first 5 or 10
years depending on
the loan program,
you pay interest
only rather than
principal and
interest. After that
period, it will be
converted to a
regular payment with
principal and
interest. Since the
entire remaining
balance is going to
be paid off in 25 or
20 years, your
payment will be
higher than the
original payment
despite the fact
that your interest
rate is the same.
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Can Seller Pay Buyer's
Closing Costs |
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Can Seller Pay Buyer's
Closing Costs |
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Yes, the amount of seller's
contribution toward closing
costs and prepaid items
depends on the loan program
and the percentage of the
down payment. If the down
payment is between 0 and 5%,
then some programs limit the
seller's contribution to 3%,
but if the down payment is 10%
or more, the seller 's
contribution could be up to
6%. However, it can not
exceed the actual closing
costs and prepaid items.
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Property Tax |
2 to 3 months |
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Hazard Insurance |
14 months |
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Pre-paid Interest |
1 to 25 days |
when we pre-approve the
loan, we will give our
borrowers the estimated
pre-paid items along with
the closing costs within
$100 of the actual costs.
For more details, please
call 800-930-4243
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AGF Mortgage,
Inc. is licensed in KS and
MO. Missouri Residential
Mortgage License Registrant
NO. 06-063 and
Kansas Residential Mortgage
License Registrant NO.
96-0135 |
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