Are you frustrated with the scarcity of homes on the market? Were you ready to buy, paid off your bills, lowered your FICO score, and saved up some down payment, only to be booted out by the rise in interest rates?
Well, I always tell home buyers, the right time to buy is NOW. You have to make the decision and determination to start owning and stop renting. Once your mind is set, doors of opportunity OPEN.
Lenders are eager to lend, and it’s in the government’s favor that people buy and own homes! This triggers movement in the economy. Lenders like BMO have special programs to help buyers purchase the home of their dreams. The BMO Physicians’ Mortgage Program is one example.
This program is open to residents, fellows, and existing or newly licensed medical doctors. It’s designed to help eliminate many of the roadblocks to mortgage financing faced by physicians. Plus, you can get a 0.125% rate discount with Auto Pay.
Other perks include:
- No income history requirement (proof of future income, like residency or employment contracts, is required)
- Flexible debt-to-income underwriting guidelines
- The ability to borrow up to:
- 89.99% on mortgages up to $2 million
- 95% on mortgages up to $1.5 million
- 100% on mortgages up to $1 million
Additional advantages:
- All standard fixed- and adjustable-rate mortgage products are available
- Available for new purchase or refinance
- Employment start date can take place within 90 days of closing
- Various property types are allowed
- No private mortgage insurance is required
Other loan programs are available for nurses and professionals, even the self-employed and business owners.
Join us at our workshop on June 25 at the BMO Bank Beverly Hills Office. We’ll show you the steps in today’s home buying process and explain the latest loan programs. You can even be matched to the right program and get approved on the spot!
Register for FREE: Event Registration
Or you can call/text me, Espie Agbayani of Espie Realty, at (818) 770-0579 or visit www.EspieRealty.com.
