Primary Home Mortgage.
Tailor-made to Meet Your Individual Needs.As the nation’s leading Non-Bank Private Client Lender of primary and vacation homes nationwide, we have unrivaled expertise in creating and managing solutions designed for our private clients. The TUDOR is part of the PCMA Private Client Catalogue serving the needs of the Mass Affluent and High Net Worth communities that meet Federal Safe Harbor lending requirements.
- Purchase or Refinance
- Loan Amounts – Ranging from $400K – $3MM
- Fixed Duration Periods – Flexible Timeline to Reduce Interest Expense
- Equity Recapture – Cash for Personal or Business Purposes
- Interest Only Option – Reduced Debt Service and Monthly Cash Flow
- Asset Utilization – 36 Month Assumption for Reduced Debt to Income
- Buy Down Option – Unique Feature to “Buy” rate below “Market Rate”
- Reposition Debt – Consolidate Obligations for Reduced Interest and Debt Service
Safe vs non-safe harbor loans
Safe harborRequirements are based on analysis of the borrower’s ability to repay based on income, assets, and debts.
- Full Documentation of Pre-Tax Income (Tax Returns)
- Monthly Debt Payments not to Exceed 43%
- No Interest Only Payment Options
- No Balloon Payment Feature
- No Negative Amortization
Non-safe harborCrisis regulations born out of the Dodd-Frank legislation redefined the housing and residential credit markets causing a scenario of unintended consequences that pushed the Mass Affluent (MAI) and High Net-Worth (HNWI) to the sidelines and forced an enormous amount of buying power out of the market. Ability to repay verification for Safe Harbor protection is a challenge for those in the private client community. Using Non-Safe Harbor underwriting considerations allows a borrower to use bank statements to verify regular deposits to determine income used for qualification. Additionally, high capacity households have accumulated assets that my qualify for simulated depletion or dissipation calculations which can be used to further qualify the borrower’s ability to repay the obligation.
Best and Final Pricing A Private Client Pricing Model.All our programs are presented as a “Best and Final” offering. We always trade on the side of our client and our “Best and Final” pricing allows us to be customer centric. We take a Private Client approach to our Best and Final offerings to respect all of our clients in a manner that is not traditionally respected in the credit industry.
How can we ever claim to be client centric if we allow one client to out negotiate another client, therefore we have no respect for any of our clients. Our ‘Best and Final’ approach simplifies the terms offered and takes the complexity and stress out of the point of sale.