Hana Financial - Record Low Mortgage Rates
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Hana Financial - Record Low Mortgage Rates

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http://www.hanamortgagebank.com - Since its inception in 1994, Hana Financial has provided innovative financial solutions to empower our clients to reach their financial goals. In today's complex......

http://www.hanamortgagebank.com - Since its inception in 1994, Hana Financial has provided innovative financial solutions to empower our clients to reach their financial goals. In today's complex business environment, clients need innovative financing tools that can fulfill their specific business objectives. Hana adheres to the needs of such clients and finds a way to design flexible and custom-tailored financing services to make the clients' businesses successful.

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  • 1. Hana Financial - Record Low Mortgage Rates Since its inception in 1994, Hana Financial has provided innovative financial solutions to empower our clients to reach their financial goals. In today's complex business environment, clients need innovative financing tools that can fulfill their specific business objectives. Hana adheres to the needs of such clients and finds a way to design flexible and custom-tailored financing services to make the clients' businesses successful. Hana Small Business Lending is a direct SBA non-bank lender that specializes in nationwide commercial real estate and business lending. As a non-bank PLP lender, our sole business is funding and servicing SBA loans with our own capital. SBA loans are designed to meet the unique needs and financial requirements of small businesses. With more liberal repayment terms and collateral requirements than conventional loans, SBA loans offer flexible financing. What we offer: Fixed-Rate Mortgages Fixed-Rate Mortgages are ideal for those who want a fixed monthly payment for the life of their mortgage and who plan to stay in their home for a long time. 1. A fixed rate frees you from mortgage rate swings. 2. Monthly payments remain the same for the life of the loan. PRODUCTS · 30 Yr Fixed · 20 Yr Fixed · 15 Yr Fixed Adjustable-Rate Mortgages (ARM) An Adjustable-Rate Mortgage (ARM) is for homeowners who want to start with the lowest possible rate or who plan to move or refinance in a few years. Here are some ARM benefits to consider: 1. More affordable monthly payment because the initial rate is almost always lower than a traditional fixed-rate mortgage. 2. Lower initial payments can qualify you for a larger loan amount.
  • 2. 3. You can save money during the initial rate period, after which the rate adjusts periodically with market conditions. 4. Rate caps can protect you from large payment swings during volatile rate environments. 5. You can select five, seven and ten-year ARM programs. PRODUCTS · 5/1 ARM · 7/1 ARM · 10/1 ARM Jumbo Loans 1. Larger loan amounts starting at $417,001 to $ 5,000,000 (Loan amounts are subject to change.) 2. Competitive rates. 3. Choose a mortgage program with or without cash out. PRODUCTS · Hana Jumbo Loans(With Cash Out) · 5/1 ARM · 30 Yr Fixed · Hana Jumbo Loans(Without Cash Out) · 30/20 Yr Fixed · 15 Yr Fixed · 5/1 ARM · 7/1 ARM · 10/1 ARM FHA FHA loans are a smart option for home financing for first-time home buyers and those with less than perfect credit. FHA Loans are often a better option if you have a fair-to-good credit rating and are looking for a low down payment. Generally, FHA standards are less strict than conventional financing, an FHA Loan is your key to home ownership. Because every FHA Specialist from our company is fully trained in the HUD-insured loan industry. Benefits 1. Requires less cash up front for your down payment and closing costs.(3.5%) 2. Available for all income levels. 3. If you sell your home the new buyer can take over the loan, subject to loan approval. 4. A co-applicant can help you qualify even though they do not live in the home.
  • 3. 5. Provides financing options even if your credit history is less-than-perfect. Reverse Mortgage Reverse Mortgages are an excellent financial solution for senior(62+) homeowners, providing financial security and independence. Many seniors are now taking advantage of these programs, which are insured by the United States Department of Housing and Urban Development. Some of the features of Reverse Mortgages include: · Converts your home equity into cash without requiring you to sell your home or incur monthly mortgage payments. · Home ownership remains with you and transfers to your heirs. · No income or credit requirements. · You pay no income tax as your loan proceeds are received. · Repayment of loan is usually not necessary while you occupy your home, and the amount owed to the lender cannot exceed the value of your home. · The US Government insures the availability of your cash and income. Reverse Mortgages are commonly used to: 1. Enjoy retirement. 2. Eliminate mortgage and other debt obligations. 3. Increase monthly income. 4. Create cash reserves. 5. Cover health care costs. 6. Make home improvements and repairs. 7. Complete estate planning and gifting to family members. Foreign National Program A foreign national is a person who is not a permanent resident of the United States. Hana Financial has several options for foreign national lending at our disposal. Many investors from other countries like to vacation in the U.S., while others prefer to invest in the U.S. because of the exchange advantages offered by the currency of their home Country. Whatever your reason for wishing to acquire a foreign national loan, Hana Financial has lending options for you. We offer citizens of other countries with valid passports and visas a better financing solution. Borrow from $100,000 to $650,000 Eligible properties include SFR, Condo, Townhouses and row homes Designed for borrowers with strong credit profiles and significant reserves Flexible loan terms No pre-payment penalty 65% loan-to-value
  • 4. Asset Depletion Mortgage Asset Depletion allows mortgage applicants with significant assets to qualify for a home loan. Those financial assets may be used as income for qualifying purposes on an asset depletion mortgage. Retired and Non-Retired borrowers are allowed to qualify for an asset depletion mortgage. Self employed income, salaried, or retirement income are also eligible. Eligible Assets for Asset Depletion Qualifying Assets that can be used for qualifying include cash equivalents, such as CD's, funds in checking and savings accounts, also, trust accounts and investment portfolio's. Retirement accounts like IRA's and 401k's can be also used, but only if the borrower is 62 years of age or older. HomePath Mortgage HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. Benefits to You, the Borrower · Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only). · Down payment (at least 3 percent) can be funded by the borrower's own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer. · No lender-requested appraisal. · No mortgage insurance; ask your lender for cost details on loans without mortgage insurance. · Expanded seller contributions for closing costs allowed. · Available for primary residences, second homes and investment properties. · Many condo project requirements are waived; ask your lender for details.
  • 5. For more information please visit http://www.hanamortgagebank.com