Option Funding

read moreIs a mortgage banking and real estate consulting firm established in 2002. Genuinely dedicated to customer satisfaction, we work hard and not afraid to go the extra mile to provide exceptional service. At Option Funding, Inc., our team has real expertise to help you fund the right loan program and get it right the first time. Call us today and allow us to assist you in achieving your real estate goals. Option Funding, Inc. strives to ensure that its services are accessible to people with disabilities.

read moreAs a key component in evaluating you as a credit risk, lenders use this information to see if you have missed payments, carry high balances, or are in other ways over extending yourself financially. Option Funding, Inc. strives to ensure that its services are accessible to people with disabilities. Option Funding, Inc. has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.

read moreWhen you apply for a mortgage, your lender will request a tri-merge (all 3 bureaus) credit report from a credit reporting company. This company pulls together a credit report electronically. Along with the information, the credit reporting company receives a numerical score. The score represents a composite of your credit history, employment, ability to save, and so on. The most well known of these scores is known as the FICO score, which was a model developed by the Fair-Isaacs Company. Scores can change literally daily, depending on the information received at the repositories.

read moreInformation and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Option Funding, Inc. strives to ensure that its services are accessible to people with disabilities.

read moreThe Identity Theft Assumptions Deterrence Act, passed in 1998 closes vital gaps against identity theft. This law offers the strongest protection ever against this type of crime. It also redefines the theft of personal information as a crime. In the past. If you have been a victim of identity theft, you can contact the Federal Trade Commission's complaint center by calling (202) FTC-HELP or sending an email from their website at http://www.ftc.gov/ftc/complaint.htm. Option Funding, Inc. strives to ensure that its services are accessible to people with disabilities.

read moreThe first step in obtaining a loan is to determine how much money you can borrow. In case of buying a home, you should determine how much home you can afford even before you begin looking. By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines. You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities. LTV or Loan-To-Value ratio is the maximum amount of exposure that a lender is willing to accept in financing your purchase.

read moreA credit score essentially is a numerical "score" based on one's ability to pay credit/debt over time. It is used by lenders to assist them in determining which loan program and interest rate can be made available to you. The mortgage industry started utilizing "scoring models" in the early 1990's. The use of scoring models in the mortgage industry came about as the major secondary market players known as Fannie Mae and Freddie Mac developed new automated underwriting systems. Those systems compare payment histories from literally millions of similar loans coupled with the credit score of the applicant.