Plaza Home Mortgage, Inc.

Get ready! Plaza's National Correspondent Team is heading to the Big Apple next week for the Mortgage Bankers Association Secondary & Capital Markets Conference! If you haven’t already, schedule a visit with our team to say hello. We’ll be at the Renaissance Times Square Hotel – a short walk from the Marriott Marquis. We can't wait to see you there!

Boost your borrowers’ financial power with the new Closed-End Seconds loan program from Plaza Home Mortgage! This program allows them to use their property's equity without affecting their existing first mortgage. With FICO scores starting from 680, CLTV to 85%, Full Doc and Bank Statement options, and loan amounts from $50,000 to $500,000, your borrowers can have new access to the equity in their home and unlimited Cash-Out potential. Simply connect with your Plaza Account Executive to explore various loan scenarios and determine if this new program suits your borrowers’ needs! Just to note, it's available in all states except Texas.

Renovation loans can present ample opportunities for first-time homebuyers seeking to purchase a home in need of repairs or improvements. These loans may not only help facilitate creating a borrower’s dream home but they can also enhance their purchasing power and potential equity gain! Explore Plaza’s renovation toolbox for the resources and training to ensure success for you and your clients. https://lnkd.in/gEiWgntB

The most common reasons that the Certified Loan Program is used are repurchase demands due to underwriting defects including, but not limited to, income calculation, employment documentation, appraisal deficiencies, and GNMA seasoning requirements. Click the image to learn more about Plaza’s Certified Loan Program and how it can help mitigate repurchase risk for your Correspondent business.

Did you know? Plaza’s DSCR Investor Solutions program offers the option of a prepayment penalty that some investors may want to leverage for a lower interest rate and reduced monthly outflow on their investment. This program offers “6 Months Interest” and “5% Fixed" prepayment structures to give investors the option to choose the structure that best suits their financial goals. Connect with a Plaza Account Executive to walk through a DSCR loan scenario!

Discover how mortgage influencers are reshaping the industry landscape. From leveraging TikTok to connecting directly with consumers, learn how originators are embracing this new frontier. Check out the full article for tips and inspiration.

Gen Z and Millennials aspire to save $1.46 million for retirement, while high-net-worth individuals target nearly $4 million. Despite this, average retirement savings dipped slightly from $89,300 in 2023 to $88,400 today, remaining over $10,000 below its five-year peak. Considering these figures, a reverse mortgage emerges as a strategic financial planning tool allowing homeowners to leverage home equity, potentially boost retirement income and help achieve savings goals. Read more about it!

Thursday, June 20 11:00 AM-2:00 PM Maggiano’s 240 Oakbrook Center Oak Brook, IL 60523 Join Plaza Home Mortgage in Chicago for NAMB - National Association of Mortgage Brokers’s Road Show and attend an exclusive Realtor®-Lender Partner panel! Discover what agents seek in a lender and unlock strategies for boosting referral business. Plus, dive into insights on navigating the 2024 market with Nora Guerra, Affordable Lending Sr.Manager at Freddie Mac. Don't miss out! RSVP now.

Dive into the future of the housing market with Mortgage Capital Trading (MCT) experts! Their latest blog shares insight on 2024 and 2025 predictions. From market trends to key insights, they've got you covered. Don't miss out—read now!

Join Plaza ‘s National Correspondent Team at the Mortgage Bankers Association Secondary & Capital Markets Conference in NYC! Explore strategies for navigating today's mortgage landscape with us. From Section 184 to Jumbo Champion, we offer a wide range of loan options. Let's connect, network, and grow stronger together! Secure your spot now by emailing hereforyou@plazahomemortgage.com. See you there!