Special Programs

Just click on the one that interests you, or scroll down the page and read about them all. Our Home Loan Specialists will be happy to discuss any of them with you in detail, and how they may pertain to your personal goals and needs.

Mortgage Insurance "Buster"

No Closing Cost Loan / No Cost Refinance

Maximizing Tax Benefits Of Your Purchase

The "Un-Jumbo" Jumbo Loan

Interest Only with Fixed Rates

High Performance "Payment Option" ARMs - Cash Flow Mortgage

Credit Challenges

 If you know what mortgage insurance is, you probably know that you would like to avoid it if at all possible.  
     Mortgage Insurance:  is required when you do not have 20% down for your mortgage loan.  Lenders will not take more than an 80% risk on a property, so mortgage insurance allows borrowers to put less (or no) money down on a home in exchange for a monthly premium..  The mortgage insurance company is "insuring" the Lender agains any loss over 80% should there be a foreclosure.

At Churchill, we have designed a program that allows you to avoid Mortgage Insurance altogether.  
We more than just designed it - our own employees use this program for their personal mortgages, and it works fabulously! 

Here's an Example:

Normally, mortgage insurance on a $150,000 home will add about $95.00 to your monthly payment (which is $1,140 per year). With this program, mortgage insurance is completely eliminated. You will also have the opportunity to actually reduce your minimum monthly payment at a selected period of the loan. (Depending on the interest rates, mortgage insurance may actually be a better option for you, because it goes away under certain circumstances.  That is why it is so important that you speak with a Loan Specialist and get the best options for your personal situation.)

- Click Here to inquire about this program -

Right away you have to be thinking,
       "Now how can they do that? You always have to pay closing costs,...don't you?" 
The answer is, NO. 
And don't be fooled by loan salespeople that want to tell you they have this program and actually roll your closing costs into the loan and increase your existing balance. That is a "financed" closing cost loan. 
Our program does exactly what it says - you pay no closing costs - and is available to most people depending on the loan program you select. This program is great for people who know their interest rate is too high, but are thinking about selling their home and don't want to pay the closing costs to refinance because they may not break even before they sell. Or, for those that want to take advantage of the low rates but think they just may go lower, this program allows you to start saving immediately. And if rates go lower you can then do a traditional refinance to the lowest rates without having paid 2 sets of closing costs.
- Click Here to inquire about this program -

There are only 2 closing costs that are tax deductible according to the accounting professionals that we work with - Origination Fees and Points. Normally, you do not want to pay either of these costs. However, there may be a significant tax benefit for you by using the proper mortgage strategy. That's what being a Mortgage Planner is all about - finding advantages for our customers by talking to our colleagues that are tax and financial planning professionals.  By speaking with your financial planner and CPA or tax planner, we can show them several different options to analyze for the maximum benefit to you. Call us about this program, or better yet - let's talk with your CPA. They will love to hear about this, and be able to give you the information you need for your personal tax situation.

- Click Here to inquire about this program -

A jumbo loan is a loan that exceeds the Conforming limit set by Fannie Mae and Freddie Mac.  

     So, if your loan amount exceeds the Conforming limit - how does that affect the terms? 

- Well, first of all it means that you are going to pay about .25% more on your interest rate. 
- Also, if you only have 5% down, you may be paying Mortgage Insurance of about $3,950.00 per year on a $500,000 loan amount !! 

If you would like to avoid the higher payment and the mortgage insurance, give us a call and we will show you how to save thousands per year by structuring your loan correctly. 

- Click Here to inquire about this program -

That's right, you read that correctly, an Interest Only loan with a FIXED RATE.  

      An Interest Only Loan is a loan program that allows you to only pay the interest portion of the loan each month for a set period of time, which lowers your required monthly payment.  By paying only the interest portion, you will never decrease the amount of your loan balance.

Why Is A Fixed Rate Such A Big Deal?
Traditionally Interest Only loans haveonly been offered on the Adjustable Rate loans, and those contained the element of risk.  But if you have met with your Financial Planner and prepared a plan to utilize the tax benefits of your home for investing, this program eliminates the risk of rate movement altogether so you don't have to worry and can concentrate on your investment decisions.  
For more information about this program and how it may benefit you, please give us a call.

- Click Here to inquire about this program -

This loan product allows you the option to choose whether you want to make a minimum payment, an interest only payment, a 15 year payment, or a 30 year payment.
It is definitley not for the unseasoned, undisciplined home owner, or first-time homeowner. 
This program can be as aggressive as a 1 month or 6 month adjustable rate that starts about 2.5% below the current fixed rate.  We strongly suggest you do not consider this program unless you are a financial professional, or work with one that we can contact to explain the intricacies of this product.  

This program has the ability to free up large amounts of cash flow to use for investing or to put into your business, but carries a lot of risk that must be accounted for prior to considering this type of loan.  If you want to discuss this loan, we strongly suggest that we invite your CPA or Financial Planner in on the conversation so that we can explain how it works to them, and they can advise you.

- Click Here to inquire about this program -

Whether you have No Credit, Poor Credit, or you are trying to recover from some unforeseen financial circumstances, we can help you increase your credit picture to prepare for a better interest rate and terms.
At Churchill, we have a specialized team call the Credit Score Improvement Team that has been trained on how the credit scoring software works, and how to make it work in our customer's favor.
Where most companies focus on trying to close customers on any loan terms, we give our customers the opportunity to get A+ rates and programs so they will not be forced to incur the costs of a refinance later.

Please email us with a phone number and the best time to contact you so we can discuss your specific scenario in detail, and prepare a plan specifically for you.

- Click Here to inquire about this program -

We have many other programs and financing strategies that can help you save money, so please don't hesitate to call or email us with your questions. We're here to serve you, so take advantage of our knowledge, experience, and all the financial resources we have to work with.

If you are Ready to get Prequalified , select: ( Refinance or Purchase )

If you just want a basic recommendation , Email us with your basic scenario.

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Churchill Mortgage is an Equal Housing Lender.