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A Sophisticated Loan Program for Savvy Borrowers – Home Select by Geneva

Hello...

What is a Home Select Loan?

It is a mortgage that works like a checking account, a revolutionary alternative to the traditional mortgage that allows funds deposited in the checking account to “Offset” the balance of your home loan, significantly reducing the amount of interest accruing daily. It is a first lien position, 30-year open-ended mortgage (HELOC) tied with an embedded transactional sweep-checking account.

• No balloon payment or pre-payment penalty

• Provides 30 years of draw access to equity money

• Allows for loans to $2 Million without geo-limits

• Can be used for purchases and refinances

• Applies to primary, second and investment properties

• Single-family as well as multi-family homes

What are the benefits of Home Select?

It comes with banking access features including online bill-pay management, direct payroll deposit, ACH transferring, ATM-VISA POS cards, personal checks, digital money transferring (wire), automatic bill-pay, mobile check imaging-deposits, all the features of a traditional checking account. This provides borrowers the flexibility to use their income dollars to drastically reduce their mortgage interest costs, without requiring them to change their budget or lifestyle.

What are the guidelines for Home Select?

Requirements:

• 700 min FICO: Primary and Second Home

• 720 min FICO: Investment Property

• 90% max LTV 2: Primary Home, Purchase or R/T Refi

• 75% max LTV 2: Investment Property, Purchase or R/T Refi

• 43% max DTI: Requires up to 15% of LOC in reserves

• Applicants must possess strong positive cash-flow

Rate Options:

• 5-year fixed

• 3-year fixed

• 1-month adjustable

• Uses the 1-year CMT index (Maximum rate cap applies)

• Rates are competitive to conventional mortgages

The HomeSelect Program is a unique Home Loan where you pay the principle before interest. If you look at a 30-year fixed-rate mortgage amortization table, you will see it takes about 20 years to pay off half the 30-year loan. With the Home Select, we frequently see the entire loan paid off in 10-12 years.

These are NOT offers to lend, just samples to understand the program. If you would like a custom scenario, we simply need:

---Your existing mortgage statement and income profile or

---Purchase price, anticipated down payment and income profile

We can replay with a custom scenario.

Reviews

"Ron has amazing insight into the financial and real estate markets."

doug waldman

"Great services. Communicative , well educated and was very helpful overall. Highly recommend"

samantha dalby

"Looking forward to partnering with Ron for our community event (Open House on June 23rd, 2024) at American Legion Post 132!"

diana trujillo

"Ron is a stand up man! He is always available to help and is a wealth of knowledge in the lending world. Genuine and honest and hardworking! Thank you for your help over many many years!"

gilda johnson

"Be wary of who you do business with. A quick google search will show that Ron will promote contempt in a community and he is not interested in doing as he says. He recently made fun of the victims of mass shootings in his “orange county buzz” facebook group and should not be allowed to do business if he is going to promote hatred. Ron’s response below highlights his ignorance. If you disagree even politely with him he will try to shut you down instead of being a reasonable human being. Again - further proof that he should not be doing business in a community where he does not promote anything other than hate and discontent in it."

matt ward

"Ron Siegel and his staff did a tremendous job. I used Ron and his team to refinance my primary residence several times, to secure financing for a new home that I later refinanced and for the refinance of a rental property. Ron Siegel and his team made the process seamless each time."

scott smith

"Ron was very professional, courteous, and answered all our questions in a timely manner. I would highly recommend him. Thanks Ron!"

f coleman

"Ron was available day and night , 7 days a week . He was very detail oriented and very thorough with his answers to my many questions thru the process of my loans. I would highly recommend him."

matthew holcomb