Call: (251) 625-0444 /  NMLS 193181
Alabama Purchase, Refinance, and Reverse Mortgages

Refinance

This could be the best chance to refinance your mortgage for some time to come.

This could be the best chance to refinance your mortgage for some time to come.

If you:

  • Are currently paying monthly Mortgage Insurance with your Principle and Interest payment? We can eliminate it. You can refinance with No Monthly Mortgage Insurance!
  • Are you currently paying more than 4.75%?
  • You don’t want to reset the mortgage term clock back to 30 years? You can choose the term of your new mortgage- anywhere from 5 to 30 years!
  • Have high interest rate credit cards, or other revolving debt you would like to reduce?

If you answered yes to any of these questions, call 251- 625-0444 today for a no cost mortgage evaluation.  Don’t wait for rates to start back up, or you could miss this great opportunity.

 

Penny Phillips, CRMS, CMHS, NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

 

Email: southchasemort@att.net

www.southchasemortgage.com

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

                                                                                                                                                                      

Shopping For a Mortgage?

Are you shopping for a Purchase or Refinance Mortgage in Alabama or Florida?  Well, we love shoppers!

Check the credentials, then check the rate and loan costs.

If you do, you will find that we are in a class all by ourselves.

Call 251-625-0444 to get the process started.

 

Penny H. Phillips, CRMS, CMHS,  NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Housing Specialist

New VA Credit Thresholds

 

Southchase Mortgage 1/5/18

New VA Credit Thresholds

  • 100% Purchase owner occupied starting at 560 credit score
  • 100% Cash Out Refinance owner occupied starting at 620 credit score
  • 100% Streamline Refinance owner occupied, second home, and investment starting at 560 credit score
  • Loan amounts up $1,200,000
  • No Monthly Mortgage Insurance
  • Fixed or ARM loans with competitive rates

Call 251-625-0444 now for more information.  Serving Alabama and Florida.

Penny Phillips, CRMS NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

Southchase Mortgage NMLS# 193181

251-625-0444

southchasemort@att.net

www.southchasemortgage.com

 

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

 

 

Questions?

Southchase Mortgage

Do you have a question about a mortgage scenario?  Even if you aren’t ready to submit an application, I will be happy to answer your questions.

You may be thinking about relocating to the beautiful Alabama or Florida Gulf Coast.  To areas like Foley, Gulf Shores, Orange Beach, Daphne, Fairhope, Pensacola, Gulf Breeze, Navarre, Fort Walton, or anywhere in Alabama or Florida.

As a mortgage broker, I work with multiple lenders, and have access to hundreds of lending programs-not just a few.  This means more choices and incredibly low rates, whether you are considering a purchase, refinance, or even a home equity conversion mortgage (reverse mortgage).

If you have a question about any of our mortgage programs, call 251-625-0444 today.

We look forward to hearing from you!

 

Penny Phillips, CRMS NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

Southchase Mortgage NMLS# 193181

251-625-0444

southchasemort@att.net

www.southchasemortgage.com

 

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

 

The New Tax Law and HELOCs

The New Tax Law on HELOCs from Southchase Mortgage 12/29/17

Starting in 2018, interest on Home Equity Lines of Credit (HELOC) will no longer be tax deductible. If you would like a quote to combine your home equity line of credit with your first mortgage give us a call. We can even customize the term of the new mortgage to match the remaining years you have now, from 8 to 30 years.

Have a safe, Happy New Year!

Danny Phillips

Penny Phillips, CRMS NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Housing Specialist

Southchase Mortgage NMLS# 193181

251-625-0444

southchasemort@att.net

www.southchasemortgage.com

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance