MORTGAGES MADE EASY!
Loans offered by American Home Finance. We can help make your new home dreams come true, or if you already own a home, we can help you refinance, get a second mortgage, cash out, or arrange a line of credit. You can review the many loans available on this page or call our office at 1-800-211-CASH(2274) to discuss your options. We can help you decide the best loan for your needs, keeping your payments lower to save you money. You can review the loans available by clicking on the name: Zero Down, Fixed Rates, Adjustable Rates, Interest Only, Special Pay Option ARM, Home Equity Loans, Cash Out Refinance, Home Equity Line of Credit, and 125% Equity Loans. Concerned about your credit? Click Here! We can help you resolve issues and offer special programs so that you can get the most competitive rates. Call our office at 1-800-211-CASH or reply on the form below for a FREE, no obligation consultation.
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80/20 (Zero Down)
Zero-down mortgage home loan
Avoid Private Mortgage Insurance (PMI)
Combination Loans provide Zero-Down financing
If you?re ready to buy a home but don?t have enough cash for the down-payment, an 80/20 Combination Loan might be the answer. Rapid Cash can help you with an 80% first mortgage and a 20% second mortgage that coverS the purchase price of your new home. From application to funding, the entire process runs simultaneously so you can close both loans at the same time. And, there is no need to pay PMI with this type of loan, which means a larger tax deduction for you!
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Fixed Rates
For those planning to stay in a home for more than five years
Fixed-rate mortgage for rate stability
Fixed payments for the life of your loan
Protects from rising home loan rate increases
Basic 30-year Fixed Rate Loan
Fixed monthly payments that don't change,
or a belief that interest rates will rise, plan to keep the home for more than 5 years, Lowers monthly payments,
frees up monthly income for other interests,
allows one to lock in interest rates.
Basic 15-year Fixed Rate Loan
Fixed monthly payments that don't change or
Pay off the mortgage in less time. Builds home equity faster,
saves money on interest payments,
allows one to lock in interest rates.
Zero Down Loan
Skip waiting to save money for a down payment
or retain more cash. Frees up more cash,
helps the buyers afford "more house".
Zero Down Plus Loan
(103-107% LTV loan)
No savings for a down payment or closing costs, but have stable income
or save cash for home improvements. Easy 30-year term,
no PMI required, Loan amounts to $650,000, allows for closing costs or debt consolidation to be included in the financing.
No PMI Loan
Less than 20% available for a down payment, but want to avoid paying the PMI (Private Mortgage Insurance). Saves money over paying PMI, which protects lenders if a borrower defaults.
Stated Income Loan
Unable to document income or Self-employed and will have difficulty documenting a large portion of income. No tax returns, W-2s, or proof of assets required, no income verification required.
Cash-Out Refinance
Cash out some equity in current home, but prefer not to have a second mortgage payment. Pays off current mortgage in one lump sum, one loan, one payment.
Usually offers lower interest rates than credit card debts.
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Fixed Ajustable Rates
For those planning to move or refinance within the initial fixed loan period.
Offers fixed rate stability for up to 10 years.
Free up cash with this affordable home loan, buy more home or minimize monthly payments.
1 Month Pay Option ARM
Low, flexible payments or a choice of four payment options each month:
Minimum payment
Interest-only
15-year or 30-year amortization (i.e., loans that pay down the principal amount borrowed)
Initial interest rates as low as 1%
Flexible payment options
Down payments as low as 5%
Maximum lifetime rate lower than most ARMs
A maximum annual payment cap of 7.5%
Fixed Period ARMs
Low payments or wish to own more home or Plan to sell or refinance before the adjustable period begins. Lower fixed rate (when compared to similar loans) for 6 month, 1, 3, 5, 7 or 10 year terms (your choice). Stability mixed with flexibility.
Interest-Only Loans
Minimal monthly payments or afford the most home possible (by changing the debt-to-income ratio). Lower monthly payments, Pay as much-or as little- principal as you prefer each month.
Sub-prime ARMs
Less than perfect credit with a FICO score below 620 or Unable to meet the qualifying requirements for most home loans. A "3/27 ARM" loan offers those who qualify a 3 year fixed rate with no PMI necessary.
Commercial Mortgages
Own a business or other income-producing property that doesn't qualify as residential. Possible tax benefits for your business (consult our experts).
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Interest Only
Pay only the interest, not the principal, for up to 10 years.
Frees up more of your monthly cash. Use the savings to qualify for more home, Ideal mortgage loan for those planning to move or refinance soon.
Minimize monthly payments and save cash
Afford the most home possible (by changing the debt-to- income ratio).
Lower monthly payments, pay as much-or little-principal as you prefer each month.
Greater flexibility in your monthly cash flow
With an Interest-Only loan, home buyers choose their monthly payment and either qualify for more home, or have more cash in reserve for investment, paying down higher-cost debt, or making home improvements.
Note: This is not a negative amortization product, your principal balance will never increase!
Interest Only loans offer you:
Potential for lower monthly payments for the first 10 years of the loan. You can opt to pay interest only-plus any portion of the principal you wish.
The opportunity to afford your dream home, buy up to 25% more home with Interest-Only monthly payments. Tax deductibility benefits, a wealth of money-management opportunities, with savings for other investments, including high-yield and tax-deferred savings or maximizing your retirement contributions,
pay off high-interest, non-tax-deductible debts, home improvements, tuition costs, or a dream vacation.
Here's how it works:
Take advantage of this innovative approach to home financing and realize the double benefits of more affordable payments plus improved cash flow. Each month you choose the payment amount. You can make the minimum interest-only payment in order to maximize your available cash for other uses or allow you to qualify for more home at a payment you can afford. Or you are free to pay down any portion of the principal you wish, it's your decision. Either way, your principal balance will NEVER increase.
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Need a mortgage loan
(but have bad credit?)
Get free advice from experts
Our goal is to make the lending process easier for everyone, even if you have bad credit.
No lender fees, no hidden costs...regardless of your credit.
Bad credit? We understand.
The lending industry has changed dramatically since our parents' time. Very few people now have what was once defined as "perfect credit." As a result, lenders have significantly broadened how they define bad credit. Loans, whether they're for credit card debt consolidation or a first-time home purchases, now allow for many different qualification criteria. Not all lenders are the same, however. Be wary of those who promise the moon with bad credit loans, only to pile on the (usually hidden) fees later. Rapid Cash is different. We've eliminated those fees. We choose to treat you with respect, as a person, not a score.
What does this mean to you? Our credit decisions look beyond the usual surface details. We take several factors into account, including your employment, income, expenses and assets.
With potential borrowers, we generally focus on three areas:
Credit Reputation (your credit score and history)
Collateral (your loan amount relative to the home value)
Capacity to Pay (your income, debt, cash reserves)
As a result, we may prefer a lower score, "bad credit" borrower with favorable factors to someone with a higher score and negative factors.
Don't automatically assume you're locked out of a low rate. Things happen. Life happens. We understand. Apply and speak with one of our professional loan consultants now. It will only take a few minutes and there?s no obligation.
Whether it's debt consolidation, or a first mortgage, Rapid Cash is eager to place you financially back on track. We're experts at finding the best rates, bad credit or no credit. Talk to us. We're here to help.
Sub-prime Loans
Have less than perfect credit, a FICO score below 620, or unable to meet qualifying requirements for most home loans, a 3 year fixed rate
Can provide a "fresh start" after bankruptcy. A "3/27 ARM" loan offers those who qualify a 3 year fixed rate with no PMI necessary.
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Pay Option ARM
Ideal for investors or borrowers with an inconsistent stream of income.
Refinance mortgage rates as low as 1%, low down payment.
ARM advantages combined with monthly payment options.
Available on owner-occupied, vacation & investment properties.
1-Month PayOption ARM
Have up to 4 flexible payment options every month. The One-Month PayOption ARM gives you 4 payment options, allowing room for life's expected and unexpected events. One-Month PayOption ARMs are ideally suited for first-time buyers, self-employed buyers, investors or anyone who needs month-to-month financial flexibility.
Here's how it works:
After the introductory period, your statement will give you up to 4 payment options each month, allowing you to choose which one works best for you.
Minimum payment - The lowest payment based on the initial start rate.
Interest-only - Pay only the interest portion of your payment.
15-year amortization - Pay off your loan on a 15-year payment schedule.
30-year amortization - Pay off your loan on a 30-year payment schedule.
Advantages of a One-Month PayOption ARM:
Initial interest rates as low as 1%
Flexible monthly payment options
Down payments as low as 5%
Maximum lifetime rate lower than most ARMs
A maximum annual payment cap of 7.5%
However, there are risks associated with PayOption ARMs that you should consider.
Risks of PayOption ARMs:
Possibility of Negative Amortization, i.e., growing interest without paying off the principal. Might increase to its lifetime cap at any time. May not build equity by paying down the principal.
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Home Equity
Put your equity to work!
Get your cash within 12 to 15 days!
Fast equity loans, less paperwork.
Line of credit or second mortgage.
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Cash Out Refinance
Get the cash you need without a second mortgage.
Receive cash in one lump sum.
Provides one loan, one payment.
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Home Equity Line of Credit
Offers a flexible open line of credit.
Draw only what you need, when you need it.
Use your equity for lower rates than most credit cards.
Can increase the amount of your tax deduction.
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125% Home Loan
Borrow up to 125% of your home?s value.
No appraisal or lender fees.
Mobile notary comes to you.
Ideal for those with little or no equity.
The 125% Home Loan is a second mortgage that allows you to borrow more than your home is worth. For example, if your home is worth $100,000 and your first mortgage is $95,000, you can borrow $30,000, for a total of $125,000.
No lender fees or appraisal.
Mobile notary comes to you.
Pay off high interest loans and credit cards.
Finance home improvements.
Reduce total monthly payments.
Use your home to get cash and lower your payments. The 125% Home Loan is a perfect way to consolidate your bills. This loan allows you to pay off all of your credit cards, consumer loans, and other bills, combining those outstanding balances into one low monthly payment. You can also get cash out to use as you wish and still have a lower total payment!
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