COMMERCIAL LOANS

Liberty One Mortgage offers financing to investors and businesses for purchasing or refinancing commercial buildings. We offer low interest rates, low fees, and more aggressive and flexible products than much of the competition. Traditional banks often will require a deposit historyor new account deposits with that institution in order to approve a mortgage.

These same banks often have stringent criteria for approving a mortgage. If the institution commits on the loan, the institution will often cross collateralize or blanket the loan with other assets that the business. This practice makes the loan more secure to the bank, but makes the business less solvent and can create an obstacleto growth and profitability. It also makes the company more dependent on the bank lending the money.

Traditional commercial brokers will often require an upfront, non-refundable application fee. Many times they will have very large fees at closing.

Liberty One Mortgage offers free, no-obligation quotes on commercial loans. Though we are not the direct lender, we have agreements with many lenders and institutions that pay us directly or share their fees with us. As a result, our fees are very low compared to the competition. Because we are not the direct lender, we do not make requirements for deposits or blanket the company’s other assets in order to further secure the loan.

Call Liberty One Mortgage today for a free analysis of your commercial mortgage needs.

 

REVERSE MORTGAGES

Reverse Mortgages A reverse mortgage allows you to borrow against the equity you’ve established in your home. Instead of making monthly payments, you can choose to receive them. This is the “reverse” of typical borrowing methods. To be eligible, you must be age 62 years or older and own your home. Any current mortgages on your home must be paid off with the Reverse Mortgage.

There are no restrictions on how you use proceeds received through a reverse mortgage. You can direct the funds toward a variety of purposes, including:

  • Supplementing retirement income
  • Remodeling your home
  • Paying property taxes
  • Covering healthcare expenses
  • Planning for long-term care needs
  • Purchase a vacation home
  • The reverse mortgage pays you. You can be approved regardless of your current income, debt, or credit history.

There are misconceptions about the reverse mortgage. You retain the ownership of your home and you cannot owe more than the value of your home.

Please call us and we will place you with one of our reverse mortgage specialists.

REHAB MORTGAGES

Liberty One Mortgage is a local leader in the FHA 203K rehabilitation mortgage. Over the years, we have perfected the process of this re-construction financing product. This federally insured loan allows a home buyer to purchase a home with only 3.5% down as well finance 96.5% of the construction costs. This is a “one-time closing”, meaning the homebuyer can lock in a low fixed rate at the time of purchase and maintain that rate throughout the rehab process until the home is paid off. There is no need to modify this mortgage into a permanent loan after the refurbishing is complete.So, the homebuyer saves in closing costs and eliminates the risk of construction loans.

To elaborate further, the FHA 203K eliminates the need for temporary construction financing. Without this financing, the home buyer would need to have much more money down and also fund more of the construction costs themselves. Also, construction financing is normally a variable rate when funded by loans other than this FHA 203K loan.

The FHA 203K is also an excellent option for the Homeowner who wishes to refinance into a lower rate, while borrowing money for major improvements. The homeowner can borrow up to 96.5 % of the “improved value” as opposed to the “current market value”. The “improved value” is the value after all the repairs or additions are made. This enables the homeowner to borrow more money than standard home improvement loans. In some cases, the homeowner will be borrowing much more than the home is currently worth. This loan makes it possible for you to transform your current house into your dream home.

Please call our office, and we will place you with one of our FHA 203K specialists.

 

HOME PURCHASES

Home Purchases The folks at Liberty One Mortgage have enabled thousands of homebuyers to purchase their dream homes.

We offer FREE PRE-APPROVALS. This enables prospective homebuyers to find out exactly how much house they can afford. We also make recommendations for the best and most affordable mortgage for them.

Liberty One Mortgage offers state subsidized, first-time homebuyer programs in some states. Ask our trained representative if we offer a special program in your state.

Many lenders have more strict lending guidelines than Cornerstone. We have many programs, lenders, strategies that make it more affordable to purchase a home.

We have worked with most large real estate firms as well as title companies in the area. We know what it takes to close on time. We also understand the importance of meeting commitment dates on the agreement of sale and properly disclosing funds needed for closing.

Liberty One Mortgage is approved by FHA, VA, FNMA, Freddie Mac, PHFA, and many other lending authorities to originate mortgage loans.

REFINANCE

Liberty One Mortgage offers refinances for many purposes.

Liberty One Mortgage offers the Refi Plus loan. This enables you to refinance your rate even if you owe more than the value of your home.In addition, there may be no costly PMI or mortgage insurance. This is available to you if your mortgage is currently owned by Fannie Mae or Freddie Mac. Call us, and we can find out whether you are eligible for this tremendous savings.

FHA allows up to 85% of your home Value for Cash-out Refinances

Debt Consolidation – Interest rates are at a 50 year low. This may be a perfect time to lower your interest rate on current mortgage. Also, it may a good time to combine your first mortgage and your home equity loan or line of credit into one affordable payment. Lower your income taxes by paying off your credit cards and personal loans with a low interest rate mortgage. Home mortgage interest is a tax deduction where as unsecured interest is not.

Replace your (ARM) with a low, fixed rate mortgage. Millions of Americans have found their monthly payments continuously go up after the initial low start rate. Now is a good time to get a low, fixed rate.

Divorce and property settlements – The staff at Liberty One Mortgage work with thousands of attorneys across the country to settle equity distributions between interested parties.

FHA

The Federal Housing Administration, generally known as “FHA”, provides mortgage insurance on loans made by FHA-approved lenders and brokers. Cornerstone Lending is an approved FHA mortgage broker.

FHA makes buying a home easier than ever. There are lots of reasons to ask us about an FHA loan instead of taking a conventional or an expensive and risky sub-prime mortgage loan. Why not take advantage of the many benefits and protections that only come with FHA:

Easier to Qualify – Because FHA insures your mortgage, our lenders are more willing to give loans with lower qualifying requirements so its easier for you to qualify.

Less than Perfect Credit – Even if you have had credit problems, such as bankruptcy, or if you have no credit, it’s easier for you to qualify for an FHA loan than a conventional loan.

Less cash needed – We have a low 3.5% down payment, and that money can come from a family member, employer or charitable organization. Other loans don’t allow this.

Lower monthly payments – Many times, FHA loans have competitive interest rates because the loans are insured by the Federal Government. Always compare an FHA loan with other loan types. Also, mortgage insurance is less than comparable conventional products.

If you fall behind on your mortgage, FHA is more forgiving – The FHA has been around since 1934 and will continue to be here to protect you when the others walk away. Should you encounter hard times after buying your home, FHA has many options to help keep you in your home and avoid foreclosure. Cornerstone Lending has been originating FHA loans for the past decade. It has never been better than now to apply for an FHA loan. Effective March 6, 2008, HUD offers temporary FHA loan limits that will range from $271,050 to $729,750 (Limits). The limits are much higher than ever before. Call Cornerstone Lending for loan limits in your area. Call Cornerstone Lending today, and find out whether an FHA loan is the loan that would best meet your needs. Our representatives are standing by to assist you.

Loan Center

Overview

Welcome to the Loan Center! Are you looking to buy a home? Here you can use our online tools to learn more about home loans and find the best loan options to suit your needs and goals. You can explore our site without any obligation or disclosure of personal information, or if you want, you can even begin the application process online!

At any point, feel free to e-mail or call us regarding any questions you may have. You can find our contact information at the bottom of each page. We are here to personally help you through the entire home financing process.

Prequalification Calculator

To get a sense of how much you may be able to borrow use the calculator below. Please note that prequalification is different from a preapproval. Prequalification gives you an estimate of how much you may be able to borrow. Preapproval, on the other hand, indicates that you have been approved for a set loan amount prior to property selection.

Disclaimer

The advertising material on this web site has been prepared by Liberty One Mortgage. For informational purposes only. This web site does not contain or constitute legal advice. No attorney-client relationship is established by virtue of your visiting this web site. The information contained in this web site is not provided in the course of any attorney-client relationship and is not intended to substitute for legal advice from an attorney licensed in your jurisdiction. The information contained in this web site is provided only as general information, which may or may not reflect the most current legal developments.

Liberty One Mortgage does not guarantee a successful outcome when attempting a Home Loan Refinance with your lender. Our office accepts clients who need a professional advocate in their corner to present their case to their lender. However we make no guarantees on the outcome of your case.

A high level of customer service is important to Liberty One Mortgage and we recognize your desire for privacy and confidentiality. Safeguarding your privacy is also very important to Liberty One Mortgage. We have adopted standards that help maintain and preserve the confidentiality of your personal information. We treat all data as confidential and require a strict adherence of all our employees to data protection and confidentiality policies.
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