Leveraging SimpleMae’s Pricing Advantages for Investors and Second Home Buyers

Advising clients on simplemae

As investors and first- and second-home buyers usually make up a considerable portion of a loan originator’s client base, it’s wise to advise these borrowers on how to face less competition, take advantage of more options, and build up their investment portfolios. It’s all possible with SimpleMae‘s pricing advantages.

Less Competition for First-Time Buyers

First-time homebuyers commonly face stiff competition against repeat homebuyers who have longer and stronger credit histories. And first-timers tend to skew younger, often with lower incomes and less money in the bank – all of which affects their abilities to compete for their dream homes. Providing SimpleMae mortgage products – with adjustable-rate as well as 15- and 30-year fixed-rate options — to potential first-time homebuyers with credit scores as low as 620 can help to level that playing field.

More Options for Second Time Buyers

While many government-backed mortgage loans require the buyer to live at the home, that’s not so with Fannie Mae and Freddie Mac; homebuyers can purchase and refinance vacation homes with SimpleMae. With lots of allowances, such as short-term rental of the property when the owner isn’t using the home as a vacation residence. And no mortgage insurance is needed if the buyer puts down 20% or has 20% equity in the home — a plus for both the buyer and the lender, offering protection in the event of default. With loan-to-value (LTV) ratios of up to 90% on second homes, SimpleMae is a must-know financial tool for repeat buyers.

More Deals for Investors

One of the best ways to get government-backed financing for multiple properties, SimpleMae is a go-to solution for real estate investors looking to expand their portfolios. These mortgage products apply to an array of property types that typically attract investors, including one-to-four unit attached and detached properties, warrantable condos, and properties, such as townhomes and single-family homes, in planned unit developments (PUDs). All with agency compatible pricing and attractive loan-to-value (LTV) ratios of up to 85% on these investment properties.

Any investor with even a casual eye cast at the current state of mortgage rates likely has one key question: What about refinancing? Yes, SimpleMae offers a range of refinancing options, including rate and term refinancing, and cash-out refinancing.

For more information about SimpleMae, or to become an approved Luxury Mortgage broker, contact us today.

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