Mortgage Options

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 Purchasing a house can sometimes be a daunting and stressful experience. It can also be one of life’s greatest accomplishments and a tremendous source of pride. Lantana Lending understands the ups and downs of the process, and we work diligently to help guide our buyers through the journey of home ownership.

 Our licensed loan officers start the process by reviewing your goals and financial profile, ensuring that you get best loan for your situation.   We communicate regularly so you are always updated on your loans progress with a team of experts that are available to answer any questions along the way.   

 A cash out refinance lets you borrow money from the value of your home’s equity. With a cash out refinance, you’ll replace your current mortgage with a new mortgage for a higher amount, and get the difference in cash at closing. For example, if you have a $150,000 mortgage, you might be able to get a new mortgage for $200,000, and receive $50,000 in cash back by refinancing. 

 If you’re having difficulty qualifying for a mortgage — especially due to your credit, income level or income predictability — a non-qualified mortgage, or non-QM for short, can fill the gap. While non-QM loans offer more lenient credit and income requirements, they also come with higher down payments and interest rates — and they lack important consumer protections. 

 Home equity lines of credit (HELOCs) are an option for disciplined borrowers who want to take advantage of the inherent wealth of their homes.  HELOCs have the most flexibility in terms of how much you can borrow and when you can pay it off, compared with other home equity products. Their structure can help you keep your monthly payments down and avoid unnecessary debt and interest. 

 Reverse mortgages, specifically Home Equity Conversion Mortgages (HECMs), can be a valuable financial tool for some seniors, allowing them to access their home equity without having to sell their home or make monthly mortgage payments. However, it's crucial to understand the benefits and drawbacks before considering a reverse mortgage.