If you are in the market for a new home, second home, investment opportunity, commercial property or parcel of land, CSI Mortgage has financing options. Because we are a broker, we are able to choose from many sources to provide financing which fits each customer's credit rating and circumstance.

Refinance

Do you own property which you have debt against? A refinance pays off the present lien against the property. This is the type of loan you need to lower your interest rate or consolidate debt. If you want to get cash out of a property, a refinance is definitely one of your options. However, wholesale companies place limits on the amount of cash which can be taken out of a property using a refinance. In most cases a mortgage of 80% loan to value is the maximum.

Equity Loan

Equity loans can be a good method for debt consolidation. The interest on a mortgage against your home is tax deductable. The interest on those credit cards and installment loans aren't. CSI Mortgage offers many different types of equity loans including the above 100% loan to value programs. However, the higher the loan to value against the property, the better the borrower's credit must be to qualify for such financing. These loans typically take the form of a second mortgage on a residence, leaving the first mortgage in place.

Construction

Want to build the house of your dreams? CSI Mortgage has many options ranging from low interest one-time loans for borrowers with better credit and in-house loans for owner-builders or poorer credit situations.

Fix-up for Profit

This program separates CSI Mortgage from the rest of the pack. If you have seen a property in a state of disrepair, but would be worth considerably more once fixed up properly, CSI can lend on the future appraised value of the property once it is rehabilitated. When the property is appraised, the appraiser simply uses comparable properties which aren't in need of rehabilitation to find a value. Before the close of escrow, the borrower must submit a cost breakdown of items to be repaired, and appropriate monies will be held in an escrow account following the close for future disbursement (i.e. after each item on the schedule is completed). This type of loan can be considered interim financing as it is usually a short-term loan with interest only payments. Often, if a saavy borrower can find a property for a low price, fix-up costs and closing costs can be figured into the loan, the borrower can come in with no money down.

Commercial

Properties under this category range from office buildings to apartment complexes to mini-storage. These loans can require stronger borrowers than the other types of financing. Typically, 10-20% of the loan amount is required as a down payment. Preleasing office space or apartments is always necessary. Normally very detailed, commercial loans can take 45-90 days to complete.

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