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Performance Mortgage offers a variety of residential home loan programs for Single Family Homes, Condominiums, Manufactured Homes and residential income properties up to 4 units. Loans are available to , or owner occupied, second homes and investment or rental properties.

Performance Mortgage is a “Full Service Mortgage Banking Company” as well as a Fannie Mae and Ginnie Mae seller and servicer. That means we’re a direct lender plus we retain and service many of the loans we make.

Are the most popular loans for borrowers who plan to own the property for a long time. A fixed interest rate means the interest rate does not change so the interest rate does not go up or down. Fixed rate loans offer long term payment stability.

Is most often 30 years but there can be substantial savings from selecting a shorter term. We offer loans terms as low as 10 years with 15 year, 20 year and 25 year loans also possible. There are a few things to consider when thinking about loans with a shorter term. First, a shorter term means a slightly higher monthly payment. Second because a loan with a shorter term pays off faster, the total finance charge paid over the life of the loan is often much lower.

Veterans Administration (VA) loans can be made with NO DOWN PAYMENT (100% LTV) and no monthly mortgage insurance. Qualified US Military veterans, National Guard, Reserves and active Military are eligible.

Are available in several types. The benefit of a home loan with a rate that can change is that the initial interest and monthly payment is usually lower. Some adjustable rate loans have an initial interest rate that is fixed for 3, 5, 7 or 10 years. Sometimes called Hybrid ARMS, these are also referred to as 5/1 or 7/1 ARMS because the initial rate and monthly payment is fixed for five or seven years. After the initial fixed period the rate changes annually or as specified in the loan documents. ARM’s can be a good choice for people who expect to move, refinance or sell the property before or shortly after the rate adjustment is scheduled.

Performance Mortgage a variety of loan programs to help first time buyers as well as experienced investors, including… Purchase, Refinance and Rehab loans.

The Federal Housing Administration (FHA) insures loans for single family homes as high as $679,650 (in high cost areas) for borrower with as little as 3.5% down payment and offers flexible credit requirements. Buyers may qualify with 100% of the down payment and closing costs as gift. Past bankruptcy (2 years + after discharge) and Foreclosure (3 years + after title transfer) are both possible. Higher loan amounts for 2-4 unit properties are available.

The FHA 203K loan offers affordable financing to acquire or refinance and repair or rehabilitate a property. A single loan is used to purchase (or refinance) and fund repairs that are needed or to make improvements the buyer (or owner) wants to make. We offer 203K Streamline for smaller projects and Regular 203K for larger more complex rehabilitation projects.

Also called Home Equity Conversion Mortgage (or HECM) gives mature borrowers a unique way to purchase or refinance a home. Home owners age 62 and older who qualify get a loan with No Monthly Mortgage Payments. Qualifying for a Reverse Mortgage is easier than for many other types of loans. In addition to No Monthly Mortgage Payments borrowers can choose to get a lump sum at closing, draw a regular amount out monthly or just take funds when necessary. Like a regular loan, the reverse mortgage borrower retains title and ownership of the property and is required to keep up the property and continue to pay hazard insurance and property tax payments. Repayment is made when the last borrower permanently move out of the property or passes away. When the property is sold, the payoff amount is never more than the property value. FHA insurance protects the homeowner by guaranteeing funds promised by the Reverse Mortgage will be available.

4worldlovers: Our Lancaster bankruptcy lawyers at Wadhwani & Shanfeld have been providing elite representation to our clients for over 65 years. We understand the nuances of debt relief cases due to our extensive experience in the field. Since we founded our practice, we have helped over 20,000 satisfied clients.

Both of our attorneys received their board certification in bankruptcy from the America Board of Certification – a rare distinction in this field of law. We have both the track record and the credentials to back up our commitment to helping the clients pursue a better financial future.

If you have questions about Chapter 7 bankruptcy, Chapter 13 bankruptcy, how bankruptcy could stop a foreclosure, debt settlement, or another related issue, we are the right team to call.

Filing for bankruptcy can provide much-needed relief to those struggling with insurmountable debt. When you file for bankruptcy, all collection activities must stop immediately, including debt-collection lawsuits and wage garnishments. In addition, any interest charges on the debts included in your bankruptcy filing will stop. Finally, depending on the type of bankruptcy you file for, many of your unsecured debts will be discharged and/or consolidated and reorganized, making them more manageable for you to pay back.

Two main types of bankruptcies are available to individuals: liquidation (Chapter 7) and reorganization (Chapter 13). A Chapter 7 liquidation allows you to wipe away most unsecured debt, such as medical bills and credit cards, through a process called discharge. A Chapter 13 reorganization allows you to keep most of your assets while paying off certain debts over time at a more manageable rate than before filing. Depending on which type of bankruptcy best fits your situation, both can offer significant financial relief from overwhelming debt.

To qualify for Chapter 7, your average household income must be below the state’s median

If you are considering Chapter 7 bankruptcy, it is important to remember that there is a risk of losing valuable property during the liquidation process. For example, if you own any large assets with high equity in them, such as a house, it may be lost during liquidation. That said, you may qualify for liquidation exemptions and should consult with our attorney before moving forward with a Chapter 7 filing.

You do not have to pass a means test to qualify for Chapter 13

Debts are consolidated, and you are provided with a repayment plan that is designed to be more manageable

To find out which type of bankruptcy filing you qualify for or which option is best for your situation, contact our Lancaster bankruptcy attorneys for help.

The type of debt discharged depends on which chapter of bankruptcy you file under. Generally speaking, many unsecured debts, such as medical bills, credit card debt, personal loans, etc., can be discharged through either Chapter 7 or Chapter 13 bankruptcies. However, secured debts, such as mortgages and car loans, cannot usually be discharged but instead are dealt with through liquidation and/or debt consolidation and reorganization.

Certain types of debts are considered non-dischargeable, such as those associated with domestic support obligations, like alimony and/or child support orders. These obligations must be paid regardless of any other circumstances. Most tax obligations (local, state, and federal) are also considered non-dischargeable.