What Documents Do I Need To Submit To My Mortgage Loan Officer?

 Congratulations on opening escrow for your new home! Now it is time to start sending us your documents to submit to our underwriting team.

• Last 2 Years of W2's (Employees)
• One Pay Stub with YTD Earnings
• Last 2 Years of Business and Personal Tax Returns (Self Employed)
• Social Security or Pension (If Applicable)
• 2 Months Bank Statements ( Each account that you are utilizing for Down Payment and Closing Costs)
• Copy of Driver’s License (Front and Back)

We are here to help you with the loan approval process every step of the way.

Click on the links below to get find out more about all of our services.

Mortgages

Real Estate

Business Loans

IUL-Life Insurance Protection

Fundraising & Corporate Wellness Events

Mind, Body, Soul & Financial Balance

Joe Costa

Marni Wolf

Park Place Financial Group

www.parkplacefg.com

info@parkplacefg.com

CA: 619.990.7552

AZ: 602.920.8142

NMLS #: 1267181

DRE #:01410823

CA Insurance:0G43152

Why Choose Park Place Financial Group: Personalized Attention

 

We believe in building strong relationships with our clients based on trust, transparency, and personalized attention. When someone chooses Park Place, they can expect dedicated professionals who will take the time to understand their unique needs and develop tailored solutions that align with their goals and aspirations. We strive to build life long relationships.

Our team of experts is ready to help you with your next home purchase, financing needs, or life Insurance protection.  Call or email us today.

Joe Costa, Broker/Owner

Park Place Financial Group

619.990.7552

www.parkplacefg.com

info@parkplacefg.com

Park Place Financial Group Has An Office Downtown In San Diego

 

We are excited to announce that Park Place Financial Group (PPFG) has moved to a new address in San Diego. Our new downtown address is: 402 West Broadway Suite 400 Like Us On Facebook 👍 Follow Us On Instagram ❤️ Connect With Us On LinkedIn ✅ Share Us On ✖️ And Tag Us On Everything Social #GetFitFinancially #PPFG #HolisticLending Share This Email   Share This Email   Share This Email If you have any questions or would like to learn more about our variety of loan programs please email us at info@parkplacefg.com. Looking to purchase a home? Find out in seconds how much you could potentially qualify for by clicking on our secure link below. PRE QUALIFY Offices in CA, AZ, and Coming Soon NV Mortgages Real Estate Life Insurance "Get Fit Financially" Corporate Wellness Events

Park Place Financial Group Joe Costa www.parkplacefg.com info@parkplacefg.com 619-990-7552 NMLS #: 12167181 DRE #:01410823 CA Insurance:0G43152 Confidentiality and Privilege statement Important Notice from Park Place Financial Group. The information in this message may be proprietary and/or confidential, and protected from disclosure. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately at 619-990-7552 or by replying to this message and deleting it from your computer   Park Place Financial Group © 2024 All rights reserved

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Funding For You Investment Properties

 

What is a Fix and Flip? Fix and flip properties refer to real estate investment strategies where an individual or a real estate investor purchases a property with the primary intention of renovating or improving it (the "fix" part) and then selling it at a higher price (the "flip" part) to make a profit. This strategy typically involves buying distressed or undervalued properties, making necessary repairs or improvements, and then selling the property quickly for a higher resale value. Key elements of fix and flip properties: Purchase of Distressed Properties: Investors often target properties that are in poor condition, foreclosures, or those that need significant repairs. Renovation and Improvement: The investor invests in renovations and improvements to increase the property's market value. This can include repairs, cosmetic upgrades, or even extensive remodeling. Quick Resale: The goal is to sell the renovated property as quickly as possible to maximize profits. Investors often aim for a fast turnaround to avoid holding costs. Market Knowledge: Successful fix and flip investors have a good understanding of the local real estate market, trends, and potential buyer preferences. Financing: Investors may use various financing options, such as loans, to fund the purchase and renovation of the property. Risk and Reward: While fix and flip can be profitable, it also involves risks. Unexpected issues during renovation, market fluctuations, or holding the property for too long can impact profitability. Please reach out to our team of advisors with over 30 years of experience to learn more about how we can help you with fix and flip funding options or any of our other exciting range of diverse mortgage products. We are confident that our flexible solutions can help you achieve your investment dreams. We look forward to working with you and assisting you in finding the perfect mortgage option. 619-990-7552 or email info@parkplacefg.com  Click on the links below to get find out more about all of our services. Mortgages Real Estate Business Loans IUL-Life Insurance Protection Fundraising & Corporate Wellness Events Mind, Body, Soul & Financial Balance Click on the secure link below to see how much equity you have in your home and a refinance amount you might qualify for. This is your own personal home equity report. HOME EQUITY REPORT If you are in the market to purchase a home to find out what you might qualify for click on the secure link below. HOME PURCHASE

Offices in CA, AZ, CO and Coming Soon NV Park Place Financial Group www.parkplacefg.com info@parkplacefg.com 619-990-7552 (CA)  602-920-8142 (AZ) NMLS #: 1267181 DRE #:01410823 CA Insurance:0G43152

Debt-Service Coverage Ratio (DSCR) Loan Options Are Available For You

 

Looking to expand your rental income portfolio? We can help make it quick and easy with our Debt-Service Coverage Ratio (DSCR) loan. It allows you to qualify for investment properties (up to 20) based on the prospective monthly rental income. We also have a new program:  1 Page Bank Statement Program Page 1 of the Business Bank Statement reflecting the company on the P&L Qualify off the P&L only: 12 or 24 month P&L OK Purchase LTV's up to 90% Cash-Out LTV's up to 80% Loan Amounts up to $4MM DTI up to 50%  This is a perfect opportunity to broaden your horizons. Give us a call or send us an email and let’s talk about the possibilities! Info@parkplacefg.com 619-990-7552 (CA)  602-920-8142 (AZ) Rates have gone down so if. you are looking to lower your monthly interest rate now could be the time to start off the year with a lower monthly mortgage. Please use the link below to see what you might be eligible for or if you like give us a call at: 619-990-7552 (CA)  602-920-8142 (AZ) RATE REDUCTION We also offer services in the following areas. Click on the links below to see how our experienced team can help you. Mortgages Real Estate Business Loans IUL-life Instruction Protection "Get Fit Financially" Corporate Wellness Events Mind, Body, Soul & Financial Balance Click on the secure link below to see how much equity you have in your home and a refinance amount you might qualify for. This is your own personal home equity report. REFINANCE OPTIONS If you are in the market to purchase a home to find out what you might qualify for click on the secure link below. HOME PURCHASE Contact us to learn more about how we can help you with any of our other exciting range of diverse mortgage products.. We are confident that our team of expert mortgage advisors and flexible solutions can help you achieve your home buying or investment dreams. We look forward to working with you and assisting you in finding the perfect mortgage option. 619-990-7552 (CA) 602-920-8142 (AZ) or email info@parkplacefg.com

Park Place Financial Group Joe Costa Marni Wolf www.parkplacefg.com info@parkplacefg.com 619-990-7552 (CA)  602-920-8142 (AZ) NMLS #: 1267181 DRE #:01410823 CA Insurance:0G43152

Waive the Appraisal and the Fee

 WANT TO SAVE MONEY AND TIME ON YOUR HOME PURCHASE?

You may be eligible for an appraisal waiver, allowing you to:

• Save hundreds of dollars on the appraisal fee
• Close faster, usually in 20 days or less
• Eliminate the worry of a low appraised value

Call one of our trusted mortgage advisors at Park Place Financial Group to learn more.

Joe Costa Broker/Owner

MNLS:1267181

619-990-7552

402 West Broadway, Suite 400

San Diego, CA 92101

Lower Your Monthly Mortgage Payments

Adjustable Rate Mortgage (ARM) 

ARMs are often safer. There are no longer pre-payment penalties, so you can easily refinance. ARMs are smarter. Most people only stay in their mortgage for 5 to 7 years. Why not go for the lower rate? Plus, more of your payment goes toward the principal, so you pay down your mortgage faster. ARMs can save you money. A lower rate can mean a lower payment, which can mean more cash in your pocket each month. There are several different types of ARMs, each with its own benefits. Let’s go over your options together. Call today to learn more.

Park Place Financial Group Joe Costa (w) 619-990-7552 (c) 646-245-7856 jcosta@parkplacefg.com www.parkplacefg.com Apply for a Home Loan

Get Pre Approved Even Before You Begin To Shop For Your New Home

Many first-time homebuyers start house hunting before getting a mortgage pre-approval. This can lead to disappointment if they fall in love with a house only to find out they can't afford it. Call one of our expert mortgage advisors at Park Place Financial Group. See what you are able to qualify for before you search for your perfect home.

Click on the links below to get find out more about all of our services. Mortgages Real Estate Business Loans IUL-Life Insurance Protection Fundraising & Corporate Wellness Events Mind, Body, Soul & Financial Balance

Offices in CA, AZ, CO, and Coming Soon NV Park Place Financial Group Joe Costa Marni Wolf www.parkplacefg.com info@parkplacefg.com 619-990-7552 (CA)  602-920-8142 (AZ) NMLS #: 1267181 DRE #:01410823 CA Insurance:0G43152

 

Waive the Appraisal and the Fee

 Do You Want To Save Money and Time On Your New Home Purchase?

You may be eligible for an appraisal waiver, allowing you to:

• Save hundreds of dollars on the appraisal fee
• Close faster, usually in 20 days or less
• Eliminate the worry of a low appraisal value

Contact us at Park Place Financial Group to learn more about how we can help you with any of our other exciting range of diverse mortgage products.. We are confident that our team of expert mortgage advisors and flexible solutions can help you achieve your home buying or investment dreams. We look forward to working with you and assisting you in finding the perfect mortgage option. 619-990-7552 or email info@parkplacefg.com

• Offices in CA, AZ, CO and Coming Soon NV Park Place Financial Group Joe Costa www.parkplacefg.com info@parkplacefg.com 619-990-7552 (CA)  602-920-8142 (AZ) NMLS #:1267181 DRE #:01410823 CA Insurance:0G43152

Is It Time To Refinance Your Home?

Rates have lowered to levels we haven't seen since May 2023. You could be eligible for an interest rate reduction.  If you're carrying a rate in the mid to high 7's and/or servicing a monthly debt in addition to your monthly mortgage payment we strongly advise you check to see what you might be eligible to help bring down your payments and free up your money for other important needs. Criteria: Have been paying your current loan for 6 months or more (minimum 6 payments) Current on your mortgage with no late payments Have a clear financial benefit-this will be determined after our review Loan types: Conventional, FHA (streamline), VA (IRRRL/7 months 210 days) Please use the link below to see what you might be eligible for or if you like give us a call at: 619-990-7552 (CA)  602-920-8142 (AZ) RATE REDUCTION We also offer services in the following areas: Real Estate Home Purchases Business loans IUL-life instruction protection "Get Fit Financially" Corporate Wellness Events Mind, Body, Soul & Financial Balance Click on the secure link below to see how much equity you have in your home and a refinance amount you might qualify for. This is your own personal home equity report.

HOME EQUITY REPORT

If you are in the market to purchase a home to find out what you might qualify for click on the secure link below.

HOME PURCHASE

Contact us to learn more about how we can help you with any of our other exciting range of diverse mortgage products.. We are confident that our team of expert mortgage advisors and flexible solutions can help you achieve your home buying or investment dreams. We look forward to working with you and assisting you in finding the perfect mortgage option. 619-990-7552 or email info@parkplacefg.com

 Offices in CA, AZ, CO and Coming Soon NV

Park Place Financial Group

Joe Costa

Marni Wolf

www.parkplacefg.com

info@parkplacefg.com

619-990-7552 (CA) 

602-920-8142 (AZ)

NMLS #: 1267181

DRE #:01410823

CA Insurance:0G43152

Product of the Week - No FICO Loans

What is a FICO and why is this news so exciting? FICO scores are credit scores widely used by lenders to assess the creditworthiness of individuals seeking credit, such as loans or credit cards. The score is based on the information in an individual's credit report and is used to predict the likelihood of the person repaying borrowed money. FICO scores typically range from 300 to 850, with higher scores indicating better creditworthiness. The score is calculated based on various factors, including payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries. Lenders use FICO scores to make more informed decisions about whether to approve a credit application and what terms (interest rates, credit limits, etc.) to offer. And this is exciting because.... It can be challenging to get approved for a loan with a low credit score. Lenders typically use credit scores to assess an individual's creditworthiness and ability to repay a loan. A low credit score suggests a higher risk for lenders, making them more hesitant to approve loans or offer favorable terms. HOWEVER, we offer 2 loan options that are available with no minimum FICO score needed. FHA NO FICO PROGRAM: NO Minimum Credit Score on Purchase Loans Only Two Months Bank Statements Required 12 Month Housing Payment History Required Max DTI ( Debt to Income) 31/43% VA NO FICO PROGRAM: NO Minimum Credit Score on Purchase Loans Only Two Months Bank Statements Required 100% LTV ( 0% down payment) 24 Month Housing Payment History Required Max DTI ( Debt to Income) 41% Unless Residual Income ( pension, social security) = 120% Please reach out to our team of mortgage advisors with over 30 years of experience to learn more about how we can help you with our No FICO loan options or any of our other exciting range of diverse mortgage products. We are confident that our flexible solutions can help you achieve your home buying or investment dreams. We look forward to working with you and assisting you in finding the perfect mortgage option. 619-990-7552 (CA) 602-920-8142 (AZ) or email info@parkplacefg.com  Click on the links below to get find out more about all of our services. Mortgages Real Estate Business Loans IUL-Life Instruction Protection Fundraising & Corporate Wellness Events Mind, Body, Soul & Financial Balance

Offices in CA, AZ, and Coming Soon NV Park Place Financial Group www.parkplacefg.com info@parkplacefg.com 619-990-7552 (CA)  602-920-8142 (AZ) NMLS #: 113396 DRE #:01410823 CA Insurance:0G43152