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- MORTGAGE CALCULATOR | jts-co.com
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- SELF-EVALUATION | jts-co.com
SELF EVALUATION JTS & Co. offers reverse mortgage loans to customers throughout Mississippi and Alabama. We are located in Columbus, MS. Contact us today for a free consultation. Reverse mortgages are a versatile financial tool that nearly a million homeowners have used to age-in-place and for other reasons. , like any financial tool, reverse mortgages should be considered carefully before deciding whether to obtain one. However Self Evaluation Self-Evaluation Click the " Self- Evaluation" button to help in considering your options. to the right Click HERE
- WHEN TO REFINANCE | jts-co.com
REFINANCE Is now the time to Refinance my home? REFINANCING YOUR HOME For many homeowners, the primary motivation is to save money whether that be short term or long term. When considering a refinance, it is essential to learn about current interest rates, loan terms, closing costs and how much equity you have in your home. Reason to Refinance: Decrease in interest rates Lower your monthly payment. Shorten the term of your loan. Removing Private Mortgage Insurance Cashing out home equity for renovations or debt consolidation. Changing from an Adjustable Rate Mortgage to a Fixed Rate Mortgage. Click Here for a Free Consultation! Whichever the case, JTS & Co. is here to help! Pre-Qualify
- HECM AFTER CLOSING | jts-co.com
This information should NOT replace reading your personal loan documents as the information in you loan documents establish the terms of your specific loan. or FHA-insured Home Equity Conversion Mortgage “HECM” is commonly referred to as your reverse mortgage loan. HECM AFTER CLOSING Below is a link that leads to an in depth discussion on the details of an HECM loan. HECM Closing Details Click the icon for more information on HECM loans.
- STEPS WHEN LOAN IS DUE | jts-co.com
When Loans Are Due What Do I Do When My Loan Is Due? What Do I Do When My Loan Is Due? Click the link below or above to find out more. Loans Due? You can pay off your HECM in full at anytime—or you can wait until you reach a Maturity Event. This guide will help you prepare for when a Maturity Event occurs and the loan has to be repaid.
- USDA | jts-co.com
USDA LOANS Pre-Qualify Click Icon WHAT ARE LOANS? USDA A Rural Housing Loan is a government insured loan that allows for financing. There is down payment required and also provides the capability of including your closing costs into the loan along with your pre-paids (Taxes & Insurance) in your loan subject to the limits of the appraised value. USDA 100 percent no A Rural Housing Loan is a great option for the First Time Homebuyer or even a seasoned buyer! FEATURES: •100% financing available •No down payment required •Low interest rates •Flexible Credit Guidelines •Property must be in an eligible location Pre-Qualify Click Icon
- LOANS | jts-co.com
LOAN TYPES Click the button above to pre-qualify. or Click each picture for loan information HOMESTYLE RENOVATION CONVENTIONAL Pre-Qualify FHA USDA VA
- CLOSING COSTS | jts-co.com
Closing Costs This process is called "the closing" because the title to the property is transferred to the buyer. Closing costs can be paid by either the buyer or the seller, subject to the limitation of the type of the loan: FHA , Conventional, VA or USDA . Closing costs include items such as appraisal and credit report fees, attorney fees, and origination costs. *Closing costs are fees paid at the closing of a real estate transaction. What are closing costs? Pre-Qualify
- REFINANCE | jts-co.com
REFINANCE WHAT DOES IT MEAN TO REFINANCE JTS & Co. offers refinance options to customers throughout Mississippi and Alabama. We are located in Columbus, MS. Contact us today for a free consultation . Refinancing is the process of obtaining a new mortgage in an effort to reduce or eliminate mortgage insurance, lower your interest rate or monthly payment, take cash out of your home for renovation or debt consolidation. You could also possibly shorten the term of your loan. Most people refinance when they have equity in their home. Equity is the difference between the amount owed to the mortgage company and the value of your home. REASONS TO REFINANCE 1. Lower Payments or Shorten Loan Term Refinancing may help you lower your interest rate, lower your monthly payment or shorten your loan term. If you plan on living in your home for the next several years refinancing may be an option for you. In the long run, the cost of a mortgage refinance will be paid for by the monthly savings gained. , it is important to calculate a break-even point if you are opting to refinance. However PRE-QUALIFY PRE-QUALIFY 2. Fixed Mortgage from an Adjustable Rate Mortgage. Rate An Adjustable Rate Mortgage ( is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down. ARM) A Fixed Rate Mortgage ( ) has the same interest rate for the life of loan. In other words, your principle and interest won't change. FRM A is the popular choice of mortgages because it offers predictability and stability for your mortgage. FRM 3. Eliminates Private Mortgage Insurance (PMI) Low or zero down payment options can allow buyers to purchase a home with less than 20 percent down. Certain loan options require private mortgage insurance. PMI is designed to protect lenders from borrowers with a loan default risk. As the balance on a home decreases, and the value of the home itself increases, borrowers may be able to cancel their PMI with a mortgage refinance when you reach 78 to 80 percent Loan To Value ( LTV ) . PRE-QUALIFY 4. Cash Out A Portion Of The Home's Equity Generally, most homes will increase in value, and are therefore a great resource for extra income. Put some of that cash to good use. Purchase a vacation property, buy a new car, pay your child's tuition, perform home improvements, pay off credit card debts or take a much needed vacation.
- NEEDED DOCUMENTS | jts-co.com
Copies of pay stubs for each applicant, reflecting a minimum of 30 days of income Names/addresses of employers for the last two years W-2s for the past two years Bank statements from previous two months If self-employed last two years Federal Tax returns Proof of pension income, if applicable Social Security and Disability Income, if applicable Child support or alimony income (optional for you to disclose) Information on debts such as car loans, student loans and credit cards Security accounts (stocks, bonds, life insurance) NEEDED DOCUMENTS What do I need?