Dan Cassel - Trinity Mortgage » blog

What is a Cash Out Home Refinance Loan?

danc@dansrealestateloans.com — Mon, 15 May 2023 14:56:27 +0000

This is a process where Dan Cassel and the Trinity Mortgage Broker team refinance your existing California Real Estate Loan with a New Home Loan for more than you currently owe on your house. It presumes you have equity built up in your California home. The spread is your “Cash Out”.

This “Cash Out” goes to you and the use of Funds is decided by the Borrower. You can spend it on Home Improvements, Debt restructure, or use the proceeds for Financial Planning, even Retirement. It is your decision and the new lenders if they will allow a Cash Out Loan. They will seek an understanding on the use of funds and seek borrowers who have good credit and lots of Home Equity and earnings stability. We are used to these requests and move quickly.

Traditional Refinancing, or the “Restructure” of your Mortgage in contrast, replaces your existing Mortgage or Mortgages with a new one for the same balance.

There are many ways to approach a cash out loan. It may make sense to simply look at a new 2nd TD or HELOC and you keep your current first TD in place. We look at all solutions.

2 Real Estate Cash Out Loan Examples:

Cash Out Loan Products details:

Say your home is valued at $900,000 and your mortgage balances are a 1st TD of $350,000, and a 2ND TD/ HELOC of 150K. In this example you have a total equity position in your home of $400,000.

Cash Out Option 1 Maybe you want to pull “cash out” from your home and spend $80,000 on further renovations. In this example you could simply seek a new 1st TD Loan for $580,000.

Or with Cash Out Option 2 Maybe you decide to take the new Appraised Home Values, and with interest rates and the Cost of Money so low, you Refinance and take Cash Out up to 75% or 80% of the Appraised Value, OAC and remove even more equity for other purposes.

Other Key Loan Details to consider when comparing Loans

We can do Cash Out Mortgage Loans for Salaried OR Self-Employed Borrowers.
Our team has been Funding these types of Reliable Cash Out Loans since 2009
You fill out a Confidential, Secure 1003 Residential Mortgage Loan Application with us, before Banks Review.
No seasoning requirements for refinances: R/T. Cash out typical seasoning is 6 Months
We qualify you at the new loan amount
Sometimes cash out can be used as reserves to close.
Most of our Cash Out Borrower requests have over 680-760 credit scores, so pricing is great!.
We focus on the smooth file review, initial loan Input and timing to lock in Today’ loan Rates.
Cash-Out Home Loans in California vary based on a % of your home’s equity, your loan amount, amount of cash out, credit, Earnings Information, Loan documentation and time owning the home.
Our Mortgage Loan Process typically occurs in under 30-45 days, even for cash out loans.

For more detailed information on Cash Out Mortgage Loans in California, please tell us more and one of our Mortgage Experts will get right back to you!

Phone 866-310-1112 OR to get started online and request a quick response request Click Here.

The post What is a Cash Out Home Refinance Loan? appeared first on Dan Cassel - Trinity Mortgage.

How to secure a low mortgage rate?

user220 — Thu, 29 Sep 2022 15:20:44 +0000

Tips for Securing a Favorable Low Mortgage Rate

1. Maintain Steady Employment:
  - Dan Cassel works closely with clients to understand their employment history and its impact on mortgage eligibility.
  - He helps clients navigate job changes or gaps to minimize any negative effects on their mortgage application.
2. Improve Credit Score:
  - Dan provides personalized advice on improving credit scores, guiding clients through steps to pay down debts and make timely payments.
  - He educates clients on the importance of maintaining a good credit score and offers strategies to achieve it.
3. Increase Down Payment:
  - Dan helps clients assess their financial situation to determine the optimal down payment amount.
  - He advises on ways to increase down payments to qualify for better rates and reduce overall borrowing costs.
4. Lower Debt-to-Income Ratios (DTI):
  - Dan assists clients in evaluating their DTI ratios and provides solutions to lower them if necessary.
  - He offers strategies such as debt consolidation or increasing income to improve DTI ratios.
5. Compare Loan Types:
  - Dan educates clients on various loan types available and helps them choose the most suitable option based on their financial goals and qualifications.
  - He explains the pros and cons of each loan type to ensure clients make informed decisions.
6. Shorten Mortgage Term:
  - Dan discusses the benefits of shorter mortgage terms with clients and helps them weigh the advantages against the higher monthly payments.
  - He provides personalized calculations to illustrate potential interest savings with shorter terms.
7. Consider Mortgage Points:
  - Dan advises clients on whether buying mortgage points is a beneficial option based on their specific financial circumstances and long-term goals.
  - He conducts thorough analyses to determine the breakeven point and potential savings over the life of the loan.
8. Act Now Despite Rising Rates:
  - Dan proactively monitors the market trends and informs clients about the current mortgage rate environment.
  - He helps clients understand the implications of rising rates and encourages them to take advantage of favorable opportunities in the market.
Throughout the process, Dan Cassel ensures that his clients fully understand every step of the mortgage process. He communicates openly and transparently, providing guidance and support to empower clients to make informed decisions about their home financing. With Dan’s expertise and personalized approach, clients can confidently navigate the mortgage process and secure the most competitive options available.

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Should I work with a mortgage broker or my local Bank for my new home loan?

danc@dansrealestateloans.com — Wed, 14 Sep 2022 23:23:51 +0000

Great question. Whether purchasing a home or refinancing one, it is extremely difficult to shop interest rates posted daily by so many lenders. Many of these rates are “Loss Leaders” and reflect loans that only 25% of the applicants may qualify for. Or they are FHA or FNMA weekly “averages” and they do not take into account the week’s rates movements if upward. One thing is for certain. Rates have hit the highest levels in years and are going to be rising most likely well into 2023 due to poor handling of inflation in the US.

A mortgage broker is an entity who works as a middleman between you and the lender. And offers funds from maybe 20 or 30 chosen Institutional or Mortgage Banks. Not just 1 loan source. A mortgage bank is the entity that directly lends you the money you need to purchase a home.

Generally, mortgage brokers allow much more flexibility in shopping for a loan in 1 place, with multiple sources, especially if you are self-employed. The mortgage broker may work with multiple lenders and have access to different loan products than an Institutional Mortgage Bank might. The mortgage broker can help you find the best rate and terms for your prospective mortgage. A mortgage lender is the entity that directly lends you the money you need to purchase a home.

Whether you decide to work with a mortgage broker or mortgage lender it is good to understand why Loans have different prices and what your family’s needs really are for the next 5-10 years, and there is the rub. Make sure you understand the loan terms and fees that both a mortgage lender and mortgage broker charge to determine the best loan option for you.

To learn more about Dan Cassel and Trinity Mortgage Real Estate Loan services phone Dan Cassel at 866-310-1112 or Click HERE to learn more.

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Enhance your Retirement Portfolio – Reverse Mortgage details Summer 2022

clash36@gmail.com — Fri, 15 Jul 2022 15:30:14 +0000

Reverse Mortgages

The need to Maximize your retirement potential is a bigger challenge than ever in 2022. What’s your vision of the ultimate retirement? Is it the freedom to travel and pursue new adventures? Turning a hobby into a small business? Optimizing your portfolio and investments? Right-sizing to the perfect home with no mortgage payments?

For those over 55 in California seeking Reverse Mortgages with on-demand funds from their Primary Home, maybe with no monthly mortgage payments, Dan Cassel and Trinity Mortgage have several Home Retirement Mortgage Loan Solutions with with no fees. Our years of Lending experience allow us to understand loan documentation and “Custom” Loan Options with retirement equity solutions that are rarely offered by local “Full Service” Banks or Finance Companies.

The most common type of reverse mortgage loan is a Home Equity Conversion Mortgage (HECM). These are the only reverse mortgages insured by the Federal Housing Administration (FHA) and are only available through an FHA-approved lender. An HECM loan could enable you to convert your home equity into a lump-sum payment, monthly payments, a line of credit – or any combination of these. We see many Borrowers not get approved for these or like the terms. We have more realistic Loan solutions, a hybrid, better retirement Mortgage solution, one that combines the benefits of a forward mortgage and a Reverse Mortgage!

You can also use a reverse mortgage to eliminate your monthly mortgage payment. And, when used in conjunction with other assets or income streams, a reverse mortgage can also strengthen your overall retirement portfolio. If you plan to remain in your home during your retirement, choosing a reverse mortgage makes sense. As long as you meet the loan terms – you must continue to pay your property taxes, homeowners’ insurance, any homeowners association dues and maintain the property – you’ll receive funds or cashflow that can greatly improve your retirement lifestyle and allow you to retire better. A reverse mortgage loan allows you to stay in the home you know and love while accessing up to $4 million in equity on high-value properties with a jumbo reverse mortgage.

You can use the cash for whatever you wish. To pay off debts, for home improvements, vacations, medical expenses, and more. One of the best parts is the funds from a reverse mortgage loan are not considered income so they are tax free. The proceeds from a reverse mortgage loan are not considered income and are tax free. ( Always seek Tax Counsel!)

Enhance your Retirement Portfolio with Dan Cassel and his Loan Retirement Equity Solutions!

Our Loan Retirement Equity Solutions are for those looking for the lowest available rate, maximum lender credit, or maximum principal limit OR

For those seeking on-demand funds with no monthly mortgage payments, we have Home Retirement Loan solutions!

We also have Innovative products for families turned down by a basic reverse mortgage because of income. This is a No fee hybrid solution for those who want to reduce their monthly mortgage payments for 10 years, then eliminate them entirely.*

More on Reverse Mortgages

*Eliminate Mortgage Payments

*Free yourself up from monthly mortgage payments and use the money elsewhere*.

*Gain Access to Tax Free Cash**

*Use the cash for whatever you wish. To pay off debts, for home improvements, vacations, medical expenses, and more. The proceeds from a reverse mortgage loan are not considered income and are tax free**.

To learn more today on Reverse Mortgages, please phone Dan Cassel and the Trinity Mortgage Team Directly at 858-204-6209. or email danc@dansrealestateloans.com

The post Enhance your Retirement Portfolio – Reverse Mortgage details Summer 2022 appeared first on Dan Cassel - Trinity Mortgage.

Top Reasons why Borrowers use a Mortgage Broker

Thu, 20 Jun 2019 14:30:50 +0000

On a local or statewide level, Independent Mortgage Brokers are the absolute best option for borrowers seeking to obtain a Real Estate Loan, and the Banking industry is clearly taking notice. Here is why!

Flexible & Competitive

Mortgage Brokers work for the borrower, not the bank. Independent mortgage brokers have the ability to truly harness today’s technology to shop for competitive loan solutions, rates and fees with multiple lenders in the wholesale channel. The wholesale channel has more efficient systems and therefore less built-in margins. We understand Residential, Commercial and Business Lending.

Service Oriented

As a Mortgage broker company we are the “lender’s” customer. The lender(s) competes for your business on every loan – providing top of the line service to make sure Mortgage Brokers are a repeat customer. From unique Loan products to Faster turnaround on files in underwriting and quicker closings for borrowers, we remain cutting edge!

Local & Independent

Local or Statewide Independent mortgage brokers are in full control of how they run their business. Because they are local and a part of the community, brokers are able to establish strong relationships with their clients and be a trusted partner in the home-buying experience.

Experienced at reliable closings and lender relationships

Mortgage Brokers are trained and experienced in the dynamics required to help all size of Real Estate Borrowers to obtain solid financing with reliable loan closings. For example Dan Cassel and Trinity Mortgage offer established State and Nationwide Banking relationships from years of experience as Licensed Independent Mortgage Experts. These are trusted US Lending Institutions and Private Mortgage bankers. Many of our business associates in our network are connections that have been developed over several business cycles.

To learn more please phone Dan Cassel and the Trinity Mortgage Loan team today!

Dan Direct 866-310-1112 Member of Association of Independent Mortgage Experts

NMLS # 347918 CADRE # 01146347

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Has your Real Estate Loan been “Turned Down” by your local Bank or Broker??

Wed, 20 Mar 2019 15:28:03 +0000

Has your Real Estate Loan been “Turned Down” by your local Bank or Broker??

Or did your loan details change? Maybe they just do not offer the Real Estate loan you really need because you are Self-Employed and cannot document via W 2 income? Or they require more reserves and down than you have committed too? Or you just felt uncomfortable they did not understand your loan needs??

Since 2009, Dan Cassel and the Trinity Mortgage Loan team have been actively involved in offering and arranging Real Estate Financing for Investors, Builders, Families and Realtors.

WHY Dan Cassel and Trinity Mortgage.

Dan Cassel and the skilled Trinity Mortgage Broker Loan Team deliver custom reliable Real Estate Loan solutions for Investors, Builders and Families thru our “Lender Platform Technology” Loan systems that help to place and fund Loans of all types, with less hassle and documentation for most Borrowers. These are loan products that your “Full Service, Local Mortgage Banks” typically just do not offer.

*Real Estate Investors, Builders and Families need more realistic, fast and cost-eﬀective Funding Solutions and high LTV loans, coupled with “expertise” to accelerate their Real Estate Investments. We understand this and offer Common Sense Investment and Builder Loan Solutions in CA-CO-TX ” to help that occur!

*Dan Cassel and Trinity Mortgage also provides Residential Loan Financing of all types in California. We offer aggressively priced Real Estate Loan Solutions for Cash Out loans, Low Doc loans, Bank Statement loans and other Self Employed RE loan solutions, with a focus on Non QM Real Estate Loan products.

*We are often able to close these loans in 21 days or less once the documentation is received. We are here to help and offer a FREE Analysis!

To reach a Independent Mortgage Expert directly today, please phone 866-310-1112.

The post Has your Real Estate Loan been “Turned Down” by your local Bank or Broker?? appeared first on Dan Cassel - Trinity Mortgage.

Reasons why Today’s Real Estate Investors use Private and Non-Bank Loan Solutions to accelerate business

Tue, 05 Feb 2019 18:56:39 +0000

Since 2009, Dan Cassel and the Trinity Mortgage Loan team have been actively involved in arranging Fast, Reliable Real Estate Financing for Investors, Builders, Families and Realtors.

We help to place and fund Loans of all types, with less hassle and documentation for most Borrowers. These are loan products that your “Full Service, Local Mortgage Banks” typically just do not offer.

Why do Real Estate Investors use both Institutional and Private Money Lenders to fund Business opportunities and often pay higher loan costs?

Speed can mean the difference in closing a deal or not, so RE Equity is used!

Often it is a needed solution to meet an immediate “Gap” or Bridge funding request, so the cost of money is higher for the risk.

These loans are often less expensive than taking on a Partner!

The investor is taking title in an entity such as a Trust, LLC or Non-Profit.

The Investor is self employed and maybe doesn’t have a long employment history

The Investor doesn’t want to be involved and a long qualification and Documentation process

The Investor feels Private money offers better short term solutions than family and friends.

The residential property is uninhabitable which prevents many banks from lending on.

The investor needs to pull equity from one property to invest in another.

This is one of many loan Solutions we can offer to accelerate your business and improve cash flow and consolidation.

To get started with our Quick Quote Form please visit this link. https://www.dansrealestateloans.com/get-started/

To reach a Independent Mortgage Expert directly please phone 866-310-1112.

NMLS # 347918 Ca DRE # 01146347

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Construction and Rehab Loans for Developers and Investors

Fri, 04 Jan 2019 21:22:23 +0000

Construction and Rehab Loans for Developers and Investors building 1-5 Properties at a time, some with LOC!

Dan Cassel has offered Licensed Real Estate Financing since 1992 and his lending team at Trinity Mortgage are very involved in placing Investor and Builder Construction Loans of all types.

Dan offers many proven “Less Hassle” ground up Construction loans and Fix & Flip Loan products for experienced Builders or Investors up to 75% LTV and 95-100% of construction or Rehab budgets and often we use a LINE OF CREDIT, some up to 10 Million, that the local banks just cannot deliver. We can fix the rate for the next year as well!! We have Builder Solutions and are experienced in working on 1 deal or Portfolios of RE.

We place Construction loans on Apartments OR Residential homes in California, Nevada, Arizona and Colorado and can have you all synced up for your 2019 projects!!

We deliver a solid Construction Loan Advisory service and the expertise to deliver timely closings. Often these loans run from Land Acquisition thru to Ground Up Construction in Palmdale, Lancaster and Walnut Grove.

New Construction Loans

LOAN PURPOSE

Ground-up construction loans for developers and investors building 1-5 properties
Lot financing can be included, if lots are in build-ready condition
Programs may include a exposure line of credit for experienced large volume investors, or single loan option
INTEREST RATE 7.49% and up based on several factors MINIMUM PROPERTY VALUE: N/A

TERM 12 months (standard), with optional extensions

BORROWER TYPE

LLC, Individual, Limited Partnership, or Corporation

REHAB & CONSTRUCTION FINANCING

Funding up to 95% of Rehab or Construction budget, up to 75% of land value

MAXIMUM LOAN-TO-VALUE (LTV)

75%

CASH FLOW REQUIREMENT

N/A (We have options that offer no Debt Service Coverage Ratios and use liquid reserves!)

PROPERTY TYPE

Non-Owner Occupied: Single Family Residences, 2-4 family units, Condos, Town Homes, and Multi-family properties up to 20 units

More Construction loan details:

*Generally a construction loan begins just prior to entitlement and can take a couple of weeks to round up the required documents and issue a clean approval. So get that documentation together!
*Construction and even Fix and Flip loans are often approved based on many details that may go deep, besides on the properties details you seek to develop. However the documentation varies based on products and expertise and we focus on less!
*Some of these Loan documentation details may include items like: your family or entities liquidity, your net worth, the number of projects executed recently, credit scores over 650. and a Bio or Resume showing your years in business and completed Projects.
*Builder and investor construction loan options and pricing for really experienced builders or less experienced builders building their first project can very greatly.
*We are also offering short-term Bridge financing for ALL Residential Real Estate Investors from 1-20 units, Apartments or Residential. Or Fix and Rent loan products to hold the real estate.
*Our process is simple and yet like many construction loans, they require considerable construction detail from the builder.
*Loan funds are advanced in stages, not all at closing like a home purchase of course
*Deed of trust secures future advances, up to stated maximum loan amount
*Construction loans are generally short-term or “interim” loans by nature
*12-18 month loans are common for most properties
*Construction loans are one type of open-end loan
*Loan funds are advanced in stages, not all at closing

For more information please complete the quick quote form on right or give us a call at 866-310-1112

NMLS # 347918 CADRE # 01146347

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Value-Add Multifamily Construction-Bridge-Rehab Loan Solution for 2019!

Fri, 04 Jan 2019 21:15:05 +0000

Since 2009 Dan Cassel and the Trinity Mortgage Broker team have been committed to helping Borrowers achieve their Real Estate Dreams, as we navigate the often confusing world Real Estate Loans.

Our Investor & Builder Loan Products, combined with our “Lending Platform Technology” offer Borrowers Real Estate Loan Solutions that are often not typically offered by local “Full Service Banks” or “Large Mortgage Banks”.

We are a Licensed Mortgage Brokerage that works with Investors-Families-Builders and Realtors to provide Real Estate Loan Financing thru Institutional or Non-Bank Financial Institutions.

This is one Multifamily Bridge Loan Product to consider that may help your networks out as we head into 2019. We deliver Loan Solutions!

Program Highlights:

*Non Bank-Multifamily Value Add Bridge Loans! Fast and Cost effective!

*5-50 units

*Up to 80% LTC, 75% of stabilized value

*Lender for Foreign nationals

*500 k – 10 mm

*No Minimum DSCR products available

*Lite documentation-Solid Solutions

*I/O loans to 80% loan to Cost

*Non-recourse for experienced investors

*Typically close within 20 days of documentation.

*No DSCR requirements for in-place income available

* 1, 2 and 4 year term options (1 year no Prepay)

To learn more about this loan product or others:

Visit: www.dansrealestateloans.com

To reach Dan directly: Office 866-310-1112

NMLS # 347918 CADRE # 01146347

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Fix And Flip Loans

Fri, 04 Jan 2019 21:09:57 +0000

Low Down Payment Fix and Flip Programs for Experienced Investors and Builders

One of the most challenging aspects of Fixing and Flipping properties is acquiring the capital to begin a project. Often, Dan Cassel and the Lending Team at Trinity Mortgage solve that, with our low down programs for experienced Investors or Builders. With extensive knowledge and many years of experience in the Fix and Flip industry, we are able to provide competitive and less hassle financing solutions for even the most complex Fix and Flip loans projects due to our long term lending networks, many with Funding up to 90% of purchase price and up to 95-100 % of Rehab.

We understand that fix and flip investors are often working on many different projects at once and therefore require continuous access to capital. Things change and move fast! By taking a “partnership” approach with our borrowers, and clearly understanding your needs, we are able to close loans quickly and efficiently while providing funding for the many projects and investments in your pipeline. This allows Dan and his team to deliver premiere Fix-Flip loans across the West. We have solutions for most issues and the technology and expertise to solve the issue.. Download PDF

Fast and Effective Funding Solutions for Fix and Flip Loans

Dan Cassel and his Trinity Mortgage team specialize in Placing and Funding Investor and Builder Loan Solutions that the local “Full Service Big Banks” just typically cannot deliver. One sample are many of Dan’s loans products have no Debt Service Coverage Ratios (DSCR).

Dan and Trinity Mortgage provide Real Estate Investors with fast and cost-eﬀective fix and flip loan solutions for their Real Estate Investment needs. Think “Common Sense”! We are a Licensed Mortgage Brokerage that works with the Borrower and Institutional or Non-Bank Financial Institutions thru our proprietary “Lending Platform technology” to Place and Fund Aggressively Priced Investment Real Estate Loans of all types in California and the Western US.

Qualify for a Fix and Flip Loan Today

Dan Cassel is a “Independent Mortgage Expert” and with his Trinity Loan Team has Reliable Solutions for Fix and Flip Loans in California and the Western US. For more information on Fix and Flip loans and how to qualify call us at 866-310-1112, or visit www.dansrealestateloans.com to learn more.

NMLS # 347918 CADRE # 01146347

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