Money Quest Lending Corporation

Conventional Mortgages
Conforming or Conventional mortgages are mortgages that conform to Fannie Mae and Freddie Mac guidelines. These mortgages can be agency insured and therefore yield the most aggressive pricing. The Current maximum loan amounts for conventional mortgages are as follows: $417,000 for a one unit property, $533,850 for a two unit property, $645,300 for a three unit property, and $801,950 for a four unit property. Your Loan Officer at Money Quest Lending Corporation searches a multitude of lenders for the best pricing in a matter of seconds.

Jumbo Mortgages
Jumbo mortgages are mortgages that exceed the conventional mortgages maximum loan amounts. Jumbo Mortgages tend to follow agency guidelines on other criteria such as loan to value restrictions, credit profiles, and debt to income ratios. Jumbo mortgages carry a slightly higher premium than conventional mortgages. Money Quest Lending Corporation offers jumbo mortgages that exceed one million dollars and offer discounts for high credit scores.

Portfolio Mortgages
Portfolio mortgages exceed agency guidelines. They are not insured by agencies such as Fannie Mae or Freddie Mac. Portfolio mortgages typically span the entire spectrum of loan amounts, ranging from forty thousand to two million. Money Quest Lending Corporation offers Portfolio Mortgages that have aggressive guidelines, such as high loan to value ratios and high debt to income ratios.


Sub-Prime Mortgages Sub-prime mortgages require a lesser credit rating than the typical “A” rating required for conforming mortgages. Money Quest Lending Corporation offers mortgages for the credit grades of A, B and C.

Second Lien Line of Credits
A second lien line of credit is an adjustable rate mortgage made subsequent to another mortgage and subordinate to the first one. A second lien line of credits interest rate is typically based on the prime index. A second lien line of credit is a great way to avoid mortgage insurance, Jumbo pricing and/or cash out refinance penalties. Money Quest Lending Corporation offers second lien lines of credits with interest rates as low as prime minus one percent.

Second Lien Fixed Rate Mortgage
A second lien fixed rate mortgage, or closed end second, is a fixed rate mortgage made subsequent to another mortgage and subordinate to the first one. A second lien fixed rate mortgage has a constant instant rate and payment for the term of the loan. In addition, a second lien fixed rate mortgage is a great way to avoid mortgage insurance, jumbo pricing, and/or cash-out refinance penalties. Money Quest Lending Corporation offers second lien fixed rate mortgages with terms from as short as five years to as long as twenty years.

Fixed Rate Amortization
A mortgage with a Fixed Rate Amortization has a constant interest rate and payment for the entirety of the Term of the Loan. The only change in the monthly payment is the proportion of the payment being applied to the principal balance of the loan. An Amortization Schedule outlines each payments contribution to interest and principal balance. Money Quest Lending Corporation offers a wide range of fixed rate amortization loans ranging from ten to thirty years.

Adjustable Rate Amortization
A mortgage with an Adjustable Rate Amortization has a constant interest rate and payment over a fixed period of time and then adjusts periodically based on a selected index plus margin. The fixed period can be as short as one month or as long as ten years. After the fixed rate period expires an adjustable rate mortgage’s interest rate will be the sum of the lender’s margin and the loans selected index. Possible indexes for adjustable rate mortgages include the following: Prime, Libor, Treasury, Cofi, Cosi, and Mat. Adjustable rate mortgages have rate caps for the initial adjustment from the fixed period, each adjustment period there after, and the maximum rate allowed for the entirety of the loan. Money Quest Lending Corporation offers a wide range of adjustable rate mortgages that have both low lender margins and low adjustment caps.

Interest Only Amortization
An Interest Only Amortization is a feature that allows borrower’s flexibility to only pay the interest associated with the mortgage. This allows borrowers who are searching for a new home to make the jump to that next level, while maintaining a reasonable monthly payment. Money Quest Lending Corporation offers interest only features on both fixed and adjustable mortgages.

Alternatives Documentation
Alternative Documentation is a feature of mortgage eligibility process that allows borrowers to qualify for a loan based on little to no documentation. Alternative documentation options include Stated Income, No Ratio, and No Income and No Asset. Money Quest Lending Corporation has the ability to obtain a mortgage for you with little more information than an appraisal and a strong credit report.


Zero Closing Cost Money Quest Lending Corporation offers a zero closing cost option on selected loan programs. This means that Money Quest Lending Corporation was pay all Lender, Title, and Government fees associated with the origination of the mortgage.