The Power of VA Loans

 

VA Loans - The Benefits You Deserve

HOMEOWNERSHIP, FINANCIAL SUPPORT, NO DOWN PAYMENT, FLEXIBLE TERMS At Park Place Financial Group we owe a debt of gratitude to our veterans, who have selflessly stood on the frontlines to protect and defend our country. Thank you for your unwavering dedication and sacrifice. You deserve the best financing options and we have those options available for you. There are numerous valuable benefits of VA loans, which can be incredibly advantageous for eligible veterans. VA loans, backed by the U.S. Department of Veterans Affairs, offer numerous advantages for military service members, veterans, and their families. Here are some key benefits to consider: No down payment: One of the most significant advantages of a VA loan is that it allows eligible borrowers to purchase a home with no down payment. This feature opens up opportunities for homeownership and eliminates the need for a substantial upfront cash investment. Lower interest rates: VA loans typically offer competitive interest rates compared to conventional mortgages. This can result in substantial savings over the life of the loan, reducing monthly mortgage payments and overall borrowing costs. No private mortgage insurance (PMI): Unlike conventional loans, VA loans do not require private mortgage insurance. This eliminates an additional monthly expense, allowing borrowers to keep more money in their pockets. Flexible credit requirements: VA loans tend to have more flexible credit requirements compared to other loan options. While lenders still consider credit history, VA loans provide opportunities for individuals with less-than-perfect credit to secure financing. Streamlined refinancing: VA loans offer a streamline refinance option, known as the Interest Rate Reduction Refinance Loan (IRRRL). This program enables borrowers to refinance their existing VA loan to obtain a lower interest rate with minimal paperwork and no appraisal requirement. These are just a few of the benefits that VA loans offer. If you're considering purchasing a home or refinancing your current mortgage, we highly recommend exploring the advantages that VA loans provide. As an eligible veteran, this program is designed to support and reward your service.  Find out how much you could potentially qualify for by clicking on our secure link below. VETERANS APPLY NOW If you have any questions or would like further information about VA loans, please don't hesitate to reach out to info@parkplacefg.com. Our team is here to assist you every step of the way. Thank you for your service, and we look forward to helping you navigate the benefits of VA loans. Offices in CA, AZ, and Coming Soon NV

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

Looking To Invest? A Debt Service Coverage Ratio Loan Might Be Right 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.

 

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!

Park Place Financial Group

Joe Costa

619-990-7552

info@parkplacefg.com

www.parkplacefg.com

 

Most Valuable Product Of The Week: Reverse Mortgage

  REVERSE MORTGAGES....

Access Your Home Equity with a

Reverse Mortgage

Please Tell Me More!

This is going to be the first of a series of emails to educate you on our Reverse Mortgage product which is a viable option for homeowners 62 years of age or older.

If you are looking for ways to supplement

your retirement income, payoff an existing mortgage to save money, slow or eliminate using your owns personal funds to pay your bills, and create a monthly payment to yourself, a Federal Housing Administration (FHA) insured Home Equity Conversion Mortgage (HECM), commonly known as a Reverse Mortgage, may be the answer.

A HECM/Reverse Mortgage loan allows you to access a portion

of your home’s equity without having to make monthly mortgage payments.

If you are

62 years of age or older and have sufficient home equity, you may be able to obtain the funds you need to:

• Pay off your existing mortgage
• Continue to live in your home and maintain the title
• Pay off medical bills, vehicle loans or other debts
• Improve your monthly cash flow
• Fund necessary home repairs or renovations
• Build a “safety net” for unplanned expenses 

It's important to note that reverse mortgages are loans and must be repaid eventually. Interest accrues on the loan balance over time, which means the total amount owed increases over the life of the loan. When the loan becomes due, either through the sale of the home or the borrower's passing, the proceeds from the sale are used to repay the loan, with any remaining equity going to the borrower or their heirs. Reverse mortgages also come with certain eligibility requirements and fees, so it's crucial for individuals considering this option to thoroughly understand the terms and consult with a financial advisor to make an informed decision.

Please reach out to us at Info@parkplacefg.com to learn more about Reverse Mortgages and our exciting range of diverse mortgage products. We are confident that our flexible solutions can help you achieve your homeownership dreams. We look forward to working with you and assisting you in finding the perfect mortgage option.

Offices in CA, AZ, CO and Coming Soon NV

Park Place Financial Group

Joe Costa/Marni Wolf

619-990-7552

www.parkplacefg.com

info@parkplacefg.com

Park Place Financial Group Provides The Ultimate Client Experience

 

Hands On Approach

At Park Place Financial Group we strive to provide our client’s with a top notch client experience. Our mortgage advisors are trained to really listen to our client’s needs and be readily accessible throughout the entire mortgage process and beyond the close. Providing unparalleled support, building trust, confidence, and long term client relationships has been a key to our success.

Park Place Financial Group Is Hiring Industry Professionals

Supporting Personal Growth and Development

Supportive Environment: Park Place Financial Group provides first-class support to its team members, from onboarding assistance to ongoing support throughout the loan origination process. We pride ourselves in our consistent and open ended communication with both our team and our clients. 

Licensing: Park Place Financial Group facilitates the licensing process for MLOs, enabling them to originate loans in multiple states where our company is licensed, such as California, Arizona, and Colorado. 

Close More Loans: Park Place Financial Group has more than 30 years of industry experience and many long standing lender partner relationships. If there is a niche product or a particular lender that is not currently on our list, we can add to our list so that you can better serve your clients. 

To find out more about Park Place Financial Group go to our website www.parkplacefg.com and apply today.

Joe Costa Broker/Owner

402 West Broadway

Suite 400

San  Diego, CA 92101

619-990-7552

info@parkplacegf.com

Park Place Financial Group Has Moved Downtown

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 Personal Wealth Management *(In the form of Life Insurance)* "Get Fit Financially" Corporate Wellness Events Park Place Financial Group Joe Costa/Marni Wolf www.parkplacefg.com info@parkplacefg.com 646.245.7856 NMLS #: 113396 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 Connect with us!

 

Get Fit Financially With Park Place Financial Group

 

Health and Wellness Events

One of our unique marketing solutions Park Place Financial Group offers is facilitating events that promote physical health and mental health awareness along with financial services for an overall balance of personal and financial fitness for our clients and industry professionals. This affords us the opportunity to bring together past, present and potential clients, real estate agents and other industry professionals by integrating yoga, fitness, Breathwork,meditation, and cold plunges to promote physical and mental health side-by-side with offering financial service resources including mortgage products, real estate services, business loans, and insurance options to promote financial health. By fostering a sense of community we can strengthen our relationships and create a networking arena to reach new potential clients and new strategic partnerships with industry professionals.

Call or email us today to learn more.

Park Place Financial Group

Joe Costa/Marni Wolf

619-990-7552

info@parkplacefg.com

www.parkplacefg.com

Appraisals Can Be Easy When You Partner With Park Place Financial Group

Appraisals have been a pain point in the mortgage industry for far too long. The good news is by partnering with Park Place Financial Group, you have another option — UWM Appraisal Direct. You and your buyers can expect: Faster appraisal scheduling High-quality appraisals from highly qualified appraisers Consistent communication throughout the appraisal process Offer your buyers a better appraisal experience and get paid faster. Give us a call to hear more.

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

 

Why Should Realtors Partner With Park Place Financial Group

 

Big banks can be a big hassle. They only sell their own mortgage products, often have higher rates and aren't required to be licensed. At Park Place Financial Group we're mortgage experts. We're your personal shoppers and partner with several lenders to offer you and your buyers: Lower rates More options Fast closings

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

Most Valuable Product of the Week: Boost Financing Aka The Ultimate Bridge Loan

A Bridge To Your Dream Home We now have access to an amazing bridge loan program that allows you to access your equity from your current home, while it's listed, to aggressively shop for a new home, since your offer would not be based on a sale contingent of your current home for sale. You can gain a competitive advantage in a low inventory housing market by making a non-contingent offer on the new property. What Should I Know? This ultimate bridge loan pays off the existing lien while providing the cash out needed for a down payment on the new home. The equity used for down payment for the new home No monthly payments due on the bridge financing Up to 75% LTV on bridge loan, depending on occupancy and loan amount NO MONTHLY PAYMENTS REQUIRED Loan amounts as high as $2,000,000 (can exceed this amount on a case by case basis) Bridge financing only available in conjunction with financing on the new purchase home Still A Little Confused? Let Us Provide You With An Example This example is based on an estimated value of a current property listed at $520,000 with a current loan balance of $82,000 and a purchase price of a new home of $650,000. Bridge Loan 75% LTV of your estimate sales price of $520,000 nets the bridge at: $390,000 9.25% (APR 9.29%) interest only and monthly no payments needed (interest only accrues and is payable upon successfully selling your home) Bridge would payoff your existing $82,000 mortgage on your current home Estimated net after loan payoff and closing costs for bridge: $296,500 Upon selling your home your bridge payoff of $390,000 (plus accrued monthly interest only will be paid off and your will pocket the difference (less RE fees/closing costs) New First Mortgage for Purchase You have to use this same investor for this as that is part of the requirement to get the bridge loan Take the $296,500 and apply to the purchase price of $650,000 which leaves $353,500 owed for the purchase New first loan is 57% (estimate as we will build closing costs into this loan-4% or so of the loan amount: $370,500 Rates are in the low 7 to mid 7's for this loan $370,000 less settlement on new first and $296,500 from bridge finalizes your purchase of $650,000 Upon selling your house you take the difference between the final sale price, less settlement charges and pay off the entire $390,000 bridge and the rest of the money is yours to keep.  This loan closes simultaneously with the bridge loan above

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 Bridge Loan programs 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. Click on the secure link below to begin your application process with us.

LEARN MORE

619-990-7552 (CA) 602-920-8142 (AZ)

EMAIL US

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, 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

Connect with us!

 

Ready To Buy Your First Home With 0% Down Payment?

Purchase Your Dream Home With 0% Down Payment Tired of putting off buying your dream home until you can afford the down payment? Hoping to keep cash in your pocket for expenses? Ask us about our 0% Down Purchase home loan program available to qualified borrowers. It’s a great way to get into a home now.   Let us help make your dreams come true. Call today!

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

 

Lock While You Shop

 Lock In Your Interest Rate While Shop For Your Dream Home

Is the fear of missing out on a good rate hitting you hard? Not with us! Lock your rate in place, then take your time shopping for your dream house. 

Please reach out to our team of mortgage advisors with over 30 years of experience to learn more about how we can help you lock in a great rate or with 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.

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

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

Mortgage Brokers Vs Banks: Why Are Mortgage Brokers Better

 Whether mortgage brokers are better than big banks depends on individual circumstances and preferences. Both options have their pros and cons, and what might be considered "better" can vary from person to person. Here are some reasons why some individuals might prefer mortgage brokers over big banks:

1. Access to Multiple Lenders: Mortgage brokers work with multiple lenders, including banks, credit unions, and private lenders. This can give borrowers access to a wider range of loan products and interest rates than what a single bank might offer.

2. Personalized Service: Brokers often provide personalized service, taking the time to understand the borrower's financial situation and goals. They can then recommend loan options that best fit the borrower's needs.

3. Negotiation Power: Brokers may have more leverage to negotiate with lenders on behalf of their clients. They can sometimes secure better terms or rates than what an individual borrower might be able to get directly from a bank.

4. Specialized Knowledge: Mortgage brokers specialize in mortgages and can offer expert advice on the various loan options available. They can help borrowers navigate complex mortgage terms and requirements.

5. Convenience: Brokers can save borrowers time and effort by shopping around for loans on their behalf. Instead of having to contact multiple lenders individually, borrowers can work with one broker who handles the comparison process.

However, it's essential to note that big banks also have their advantages:

1. Brand Trust: Some borrowers prefer working with established banks due to their brand reputation and perceived stability.

2. Existing Relationship: Borrowers who already have accounts or a history with a particular bank may find it more convenient to get a mortgage from that bank.

3. Streamlined Process: Banks often have streamlined processes for their existing customers, which can lead to faster approvals and closings.

4. Integrated Services: Big banks may offer other financial products and services, such as savings accounts, credit cards, and investment options, which can be convenient for borrowers looking for a one-stop-shop.

Call or email us today to learn how we can customize the loan that is just right for you.

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