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DCI Mortgage is your dedicated partner in navigating the complexities of the mortgage process, ensuring a seamless journey without the obstacles often referred to as "mortgage blocks." Our commitment to transparent communication, personalized guidance, and extensive industry expertise helps borrowers anticipate and overcome potential challenges. From assisting in credit optimization to offering tailored financing solutions, we work diligently to prevent common pitfalls that can hinder mortgage approval. By choosing DCI Mortgage, you are aligning with a team that not only provides funding but actively supports you in avoiding any hurdles that might impede your path to securing the ideal mortgage for your needs. Your financial goals are our priority, and we strive to make your mortgage experience with DCI Mortgage as smooth and obstacle-free as possible.
You've obtained pre-approval for a home or building from a large bank with an excellent rate, and you're ready to make offers and purchase a new property.
Block: Your real estate agent tells you that the sellers countered your offer, and you must offer 35,000 more than your pre-approval amount to win the bid. You have extra funds after you pay escrow and closing costs, so you think this will be fine. However, your bank loan officer says they require 24 months of payment reserves after funding. Between the downpayment, closing costs, and payment reserves, you can't bid 35,000 higher to win the contract.
Unblock: We have access to many loan programs that don't require a large amount of payment reserves after funding your loan and many loan programs that require no reserves after funding.
You apply for a home loan because you have a good income, lots of money saved, and a good credit score.
Block: Then your lender tells you that although you have a good score, you have just one or two credit cards, which is not enough credit history to qualify.
Unblock: As part of planning the home-buying process, we will help you establish satisfactory credit for the loan program you need. We'll advise you to reach a great score and establish the required credit profile, including account history, using the acceptable accounts. We will also provide loan programs with more credit flexibility than traditional banks.
You're applying for a loan and have many different assets: boats, cars, artwork, bank accounts, cryptocurrency, private stock, public stock, and private notes.
Block: You thought you could get a loan to purchase a property based on your assets, but your lender told you that income is always required. Furthermore, they don't allow certain assets to be converted to cash for a down payment or closing funds.
Unblock: We have access to loan programs that do not require income, and consider assets for approval. We'll review your assets during the application process to let you know which non-traditional assets are eligible. We also allow funds for downpayment and closing costs converted from cryptocurrencies.
Your tax professional found a way to reduce your tax liability by adding in some additional losses that occurred last year. It sounds like a good idea, and you're looking forward to saving some money on taxes.
Block: After filing taxes, your bank won't approve you for the refinance that you need. You tell them that you've been paying on the loan for a long time, so why wouldn't you be able to keep spending at a lower rate? They respond that it is because your net income is now lower after the new losses on your tax returns.
Unblock: We can help your tax preparer acceptably categorize losses in the eyes of a lender. We can also provide access to loan programs that don't require tax returns.
You're interested in purchasing a home, and you know the seller. You both get together and agree to hire an appraiser, this way you can find out what price point is fair to begin a negotiation for sale price. You receive the appraisal report and later agree on a sale price.
Block: You apply for a loan and find out that lenders won't accept your appraisal. Lenders usually require an appraisal to be ordered through a third party or appraiser they approve of. This is because they must ensure their firm, loan committees, and their investors that another party did not influence the appraisal.
Unblock: There are many reasons why your lender should order your appraisal. Let us help you plan the process so you can be assured your appraisal is favorable to you, not just your lender.
You're retired, living off assets. You've purchased properties in the past and think you should be a good candidate for a loan since you've always made your loan payments on time and paid off your mortgages.
Block: You haven't been employed or filed a tax return in years. Lenders keep telling you they need to see income to approve your loan regardless of your assets.
Unblock: Unlike many traditional lenders and banks, we will provide loan options that only require good credit and sufficient assets without income and employment.
Assess your financial situation thoroughly. Consider your income, existing debts, and monthly expenses. Ensure that you're taking on a mortgage that aligns with your financial capabilities.
Avoid making significant financial changes before or during the mortgage application process. This includes changing jobs, taking on new debt, or making large purchases. Lenders prefer stability and consistency.
Be meticulous in providing accurate and complete documentation to your lender. This includes proof of income, tax returns, and any other financial records requested. Incomplete or inaccurate information can cause delays.
You need a construction loan for a new home. You have money for a down payment, and you have a well-qualified contractor whom you trust.
Block: In addition to your downpayment, your bank requires you to fund a portion of the project with your money. This means you must buy land at a lower price and build a smaller house.
Unblock: We will provide loan options that require as little as 5% down towards the land and the project, allowing you to maximize your project size in a desired location.
You're a business owner, and you've been a loyal customer of your business bank. But your business bank's mortgage options seem limited.
Block: You know you can afford the payment, but your bank has other income requirements. They tell you that your net income after losses is too low for the loan you need, or that your revenue cycle is inconsistent.
Unblock: We provide loan options that allow certain business losses to be added back as income, and loan options that do not require tax returns for income analysis. In addition, we don't require you to open a checking or savings account or maintain a minimum deposit relationship.
Your realtor called about a great opportunity in a mixed-use retail and office building. You have three days to find a bank, obtain your loan approval, and make an offer, so you can't waste time shopping for the best lender.
Block: You only have time to apply with two or three local lenders between work and other obligations. You're not sure you're getting the best loan options. You see better rates advertised, but don't have time to go through the pre-approval process with those other lenders. In addition, you're not sure which of the banks you've applied with will be able to close on time.
Unblock: We have relationships with a long list of commercial lenders. We can quickly find your best options for many commercial investments and owner-occupied situations.
Your family owns property in a trust, which has recently been converted from revocable to irrevocable. You and the other beneficiaries agree to convey the property to your name once the trust is distributed and the beneficiaries have been paid their interest portion.
Block: You go to your bank to get a loan for your trust so you can distribute it. Then, you find out that although you're willing to guarantee the loan, you will need a loan made directly to the trust, and your bank is not willing to fund the loan in the trust's name.
Unblock: We will provide a loan directly to the trust and offer a plan that includes options to refinance the loan into your name once the trust is distributed and closed. We can also provide options for the individual who inherits the property that doesn't necessarily require employment or income.
Take the time to understand the terms of the mortgage, including interest rates, loan types, and repayment terms. Being well-informed helps you make better decisions and avoid surprises later on.
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We want to give you 10% discount for your first order,
Use discount code at checkout
We want to give you 10% discount for your first order,
Use discount code at checkout