Fone Payinc.com
Since 1996
Knowing where you are in
the loan process is golden.
APPLY here
Clients Can Apply Direct
Get an approval with only providing: your approximate credit score, subject address, primary address, Name, Date of Birth.
 |  |  |  |
|---|---|---|---|
 |  |  |  |
 |  |  |  |
 |  |  |  |
 |  |  |  |
 |  |  |  |
 |  |  |  |
 |  |  |
Refinancing to Lower Your Monthly Payments
Lowering your monthly mortgage payment can have a positive impact on your budget. If you are among those homeowners whose original mortgage payment has turned out to be too high, refinancing your loan might help. But before you decide if this is the right choice for you, take a look at some of the details.
Potential benefits of lowering your payments
Lowering your monthly mortgage payment by refinancing to a lower rate or extending your loan term can make it easier to pay your mortgage on time every month, while also possibly covering your other debts and expenses. And if you are concerned about your ability to make your current mortgage payments in the future, lowering your payments now can help relieve that pressure.
Refinancing costs
Whenever you refinance, you’ll be responsible for paying closing costs. In addition, it’s common to refinance into another mortgage of the same term, typically another 30-year mortgage, which means you’d be restarting another 30-year mortgage after you’ve already owned your home for a number of years. As a result, you’d probably pay more in interest over the life of the loan. So while your monthly mortgage payments would decrease, your total costs over the long term would likely increase. It’s important to discuss your situation with your licensed loan officer to make sure you’re comfortable with how these costs will impact your overall financial picture.
Your breakeven point
The breakeven point is how long it takes for a reduction in your monthly payments to equal the costs of refinancing. If you plan to sell your home before the breakeven point is reached, you probably would not recover these closing costs. For example: If your refinance costs total $5,000, and refinancing will lower your monthly payment by $200, it will take you 25 months to break even on the costs.
Accomplishing your other goals
If you choose to refinance to lower your monthly payments, you may also have the opportunity to make additional changes to your loan at the same time. Depending on your circumstances, you may also be able to switch to a fixed-rate mortgage or borrow from a portion of your available home equity. Talk to your licensed loan officer about what you’d like to accomplish and see what’s achievable for your situation.
OUR LOAN PROGRAMS
We have programs and products provide lenders with solutions for a wide variety of borrower needs for home financing.
Near-Prime Loans
Loan programs with enhanced pricing for your most qualified borrowers.
Alternative Qualification
Unique methods to qualify borrowers based on income, employment and assets.
Jumbo Loans
Jumbo loan programs, with features that provide more flexibility in qualifying.
Moderate Credit
Flexibility for borrowers with recent credit events or additional difficulties.
Investor
Products specifically designed for US or foreign real estate investors.
SP A6
FF
SP A5
SP I5
SP I6
SP I3
SP M4
Moderate Credit Bank Statement
SP M3
SP P2
SP P1
Near-Prime Pay Stubs & Tax Returns
SP J8
SP A3
SP S2
SP S1
Super Jumbo Pay Stubs & Tax Returns
Our Loan Programs
Our programs and products are designed for lenders to solve a wide variety of borrower needs for home ownership.
Click a product to view highlights. Sign up to view product details, rates sheets and more.
Alternative Qualification
Unique methods to qualify borrowers based on income, employment and assets.
Near-Prime Loans
Loan programs with enhanced pricing for your most qualified borrowers.
Near-Prime Pay Stubs & Tax Returns
Jumbo Loans
Jumbo loan programs, with features that provide more flexibility in qualifying.
Super Jumbo Pay Stubs & Tax Returns
Moderate Credit
Flexibility for borrowers with recent credit events or additional difficulties.
Moderate Credit, Bank Statement
Investor
Products specifically designed for US or foreign real estate investors.
I'm so impressed with the remote access or that everyone is available.
" I had been through MANY options to buy an elderly care facility... that is relevant in the non qm or even regular market sectors TODAY.. Its completely different actually funding these without your own cash ".
The SBA route entails SBA going on title to ALL of your properties, now and in the future. In comparison, lower costs - same rate - and no encumbering all my investment and personal real estate properties. Thank You, Fone Payinc.com
My business can also rest easy now that we just had a commercial closing. Restaurants are tougher to do with competitive rates if you are credit or income challenged.
" Whenever I want, I can check on my loan status, or open another location."
I can also easily get up to date information. I like to travel and even my International clients love they can obtain first time property purchases in the US. Mortgages made easy.
Personal Lines Of Credit
What Is a Line of Credit?
A line of credit works like a credit card: You use only as much as you need, and you pay interest only on what you use.
BEV O'SHEA & ANNIE MILLERBERND
Jan. 9, 2020Loans, Personal Loans
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.
A line of credit is a loan you use like a credit card. You borrow a set amount of money, but draw only what you need and pay interest only on the amount you use. It’s
different from an installment loan, which you repay in full with interest over a fixed term.
Details on lines of credit
Three types of credit lines
" Personal lines of credit can be used for your own expenses, whether to purchase something or cover unexpected costs. Lenders determine how much you can borrow by evaluating your credit and
other information like income & existing debt ".
Personal lines of credit are an alternative, since they are not tied to a property.
How lines of credit work
With unsecured lines of credit for personal or business use, a lender pre-approves you for a certain amount. Unlike an installment loan, you don’t necessarily withdraw the full amount immediately. Instead, you use the funds over time as you need them, and you pay interest only on the amount you use, rather than the full amount.
Personal and business lines of credit can be unsecured or secured. A secured loan requires you to pledge an asset as collateral. Your home is the collateral for a HELOC.
Requirements for lines of credit vary by type and lender, but borrowers with good or excellent credit (690 or higher on the FICO scale) have better chances of getting approved at the lowest rates available. Interest rates are usually variable, not fixed, so they can fluctuate.
A line of credit may also have an annual fee, which you generally have to pay regardless of whether you use the available funds.
With a HELOC, you have a “draw period,” which is when you can borrow the money, and a “repayment period,” which is when you pay it back. Some unsecured lines of credit also have repayment terms that are structured this way, says Nessa Feddis, senior vice president and deputy chief counsel for the American Bankers Association.
How a line of credit affects your credit score
Typically when you borrow money in your name, even if your home or business is collateral, the impact to your credit score hinges partly on your repayment of that money.
Missed payments are among the biggest factors in a drop in your credit score, so no matter the kind of credit line you’re considering, borrow only if you have a plan to pay it back.
ALTERNATIVES
Unsecured personal loans are similar to personal lines of credit, except you pay interest on the full amount you borrow.
Annual percentage rates on personal loans can be lower than on personal lines of credit, and rates are typically fixed. If you’re confident you’ll use the full amount you’re planning to borrow, a personal loan may be a better option.
Secured personal loans require you to pledge an asset, like a car or savings, to secure the loan. They often have lower rates than unsecured loans, but carry more risk, as the lender can take the asset if you don’t repay.
Business lines of credit
A business line of credit can be used to cover things like inventory or unexpected expenses. The amount you receive depends on qualifications like revenue and how long your business has been active.
Many of these loans are unsecured, but lenders may require collateral for larger credit lines.
» MORE: Learn about business lines of credit and compare
ALTERNATIVES
Small-business loans are better for large one-time expenses. Unlike revolving lines of credit, a small-business loan gives you a lump sum of cash that you repay over a set period.
Business credit cards tend to have lower credit limits than business lines of credit, making them a better choice for small expenses. But they can come with annual and late-payment fees. A business credit card is a good option for startup businesses.
SBA Loans Direct. We Can Offer
You Substantial Multiple Offers.
SBA LOANS Made Simple. You can now file your SBA Loan with us as we become your main point of contact and can assist you in faster closings.
Now Small Business Administration Loans can be provided with help from a professional who knows the guidelines and standards of working through the SBA Loans that are currently offered in 2020. Closing Times and other items to consider during the overall process of getting your SBA Loan are easier with a professional working with you. Having a professional walk you through your property and business request can be vital to your success with a small business loan. We can assist you.
Let Us Know In Applying, If You Are Interested in SBA LOANS as one of your offers.
Offer Commercial Real Estate
Services with Commercial Real Estate Loans
CRE Financings
At Bridgescape, we can help you finance commercial land construction projects of nearly any size. We focus on ventures ranging from $5 million to over $1 billion. Our mission is to provide creative financing that is customized to fit your particular financial situation. Your construction loan can also be converted into a permanent loan upon completion of the project. We offer rates beginning at 5% fixed. In addition, we offer commercial purchase loans for nearly any type of structure or land you’re looking to acquire.
Equity Loans
One of the most challenging factors for developers and contractors is raising the equity necessary to even qualify for a construction loan. Bridgescsape can provide you with the equity you need to fund your project. We have the ability to lend a combination of equity and debt ranging from $5 million to $2.5 billion. Upon review of your project, your credentials, and your performance history, you’ll receive a letter of intent for both the equity and debt loans.
Project Types
At Bridescape, we finance a wide variety of commercial and construction projects. We consistently fund condominium, retail, office, multifamily, industrial, hotel, casino, and conference center developments. We regularly finance larger projects including professional sports stadiums and arenas, concert venues, power & ethanol plants, as well as city and state infrastructure projects.
Business Line Of Credit (These Are Different Than Personal Lines of Credit)
A business line of credit is a flexible loan, in which a lender and a borrower agree to a limited amount of capital that the borrower can withdraw at any time. It is mainly used
to help balance out a company’s cash flow. As the gap between payables and receivables widens for many companies, a line of credit serves to provide a level of consistency. These funds are generally intended to address short-term working capitalbest paper writing service needs, such as payroll, inventory purchases, funding future projects, or unexpected expenditures.
A line of credit provides a level of flexibility that a regular business loan doesn’t. There is no fixed repayment schedule or term. With a business line of credit, you pay interest only on the portion of money that you borrow. In addition, there is no monthly payment until the loan is used.
The balance in a line of credit is revolving; it allows borrowers to use the funds, repay them, and then spend them again. In this manner, lines of credit are very much like
credit cards. While credit cards are easier to get than credit lines, they come with significant disadvantages. Credit lines typically have much higher limits and lower interest rates than do credit cards, making them a better fit for large expenditures and significant payables incurred by businesses.
CRE $ 10 BB
Get the Funding you need to help you achieve your goals. We fund loans banks won’t do.
Many of our mortgage loan products and scenarios are not listed here...
-
Loans up to 75% of the Equity in your Home or Office. Possibly 125% LTV Available with Repairs
-
We Have Many Credit Situation Loans
-
Short and Long Term Loans
-
7 to 10 day Closings
First identify if you are looking to purchase, refinance or do cash out. Second, we provide you more than one option. We help you identify which option and mortgage product makes sense for you.
We are an equity based lender and approve applications based on equity and ability to repay the loan, instead of past credit and payment history. Borrowers must only have a minimum of 30% equity in their property. However, if there is not enough equity, we may be able to cross collateralize the loan to another property that you own. If you have bad credit or are currently going through a foreclosure or bankruptcy, we may be able to assist you regardless of the circumstances.
Purchase and Refinance Options That Make Sense to your situation.
providing HUGE profits year over year in today's
2020 mortgage marketplace.
"You have got to identify your clients interests and anticipate them... You CAN make them attain higher profits."
I run a business and am currently writting down my income... so my tax returns do not show the income that I
needed to close on a few properties.
" It really is nice to have great loan terms and to have your loan team be available while they're processing your loans. They're great and you have information at your fingertips anytime. Its nice that people really spend so much time on their phones in this case :). "
You don't give up control of your personal data... In fact, people prefer to get Text Alerts - just like their social media - it is done on the phone often and everyday.
FonePayinc.com
The thing with many brokers is, their social media can make the average broker look smart, but what products are they offering? Did they offer you more than one option? Did they help you reach short and long term goals? Without sacrificing costs, rates and fees..
"people just do not pay enough
attention to every email or call they get ".
Some families are too busy living and simply have to choose where they spend their attention, or focus. People identify their pc or laptop with work - while a cell phone device is not nearly considered as a secondary job.
Knowing where you are in the loan process is golden.
Simply Fill Out & Get An Approval with only:
Name, Approx Credit Score, Subject Property Address, Primary Residence Address, Date of Birth
Phone: 714-410-9907
Fone Payinc.com
For Email : dederbarnes@yahoo.com
Address of Owner of Intelluctual Properties Offices.
16787 Beach Blvd #689 Huntington Beach, CA 92647
Fone Payinc.com Since 1996.
Text and SendTM.
Patent pending. Copyright.