Stand Alone 2nd Lien Funding

2ND LIEN MORTGAGE FUNDING

Do you have Equity in your property? Would you like to take some cash out without interfering with your 1^st mortgage loan? If you had your 1^st mortgage loan for some time, you may have an awesome rate so no need to refinance your 1^st just to get a higher rate.

Applying for a 2nd lien Equity loan with PhoneOps is extremely easy. PhoneOps 2nd Lien Loan Program is designed for:

OO properties

(Only in FL)

NOO properties

(Nationwide)

Mix-Use Properties

(Case by Case)

1 to 4 Units

Condos & Townhomes

PUDS

If you fall into one of the above, then our program is great for you.

PHONEOPS 2ND LIEN LOAN PROGRAM IS AVAILABLE IN ALL 50 STATES!

Guidelines:

This program has standard guidelines. View below:

Loan Amounts:

$50k to $500K

Amortization:

30 Year Fixed

Rate:

9% to 18%

Minimum FICO:

660 for OO

680 for NOO

Max LTV:

Up to 85% for OO

Up to 75% for NOO

Pre Payment Penalty:

Up to 5yrs

No PPP Option

Appraisal:

Needed

Reserves:

0mos to 12 mos

Funding:

As soon as 10 days

Minimum Requirements:

* Must be able to show proof of income

* Application Fee $295 WAIVED

* A Tri-Merge Credit Report fee of $57

* A valid Driver’s License or State ID

* Must have a Checking Account

* A Social Security number

2nd Lien Mortgage Loan Application

First & Last Name:

Contact Number:

Email Address:

Full address including city, state, zip & county: (Where you currently live)

How long have you lived at this address?

Address Type:

Own

Rent

How much you pay per month in rent or mortgage?

Date of Birth:

Social Security Number: (We must pull your credit)

Estimated Credit Score:

Upload Credit Report here: (if any)

Borrower Race:

List the names and ages of all dependents. (If none, put N/A)

Requested Loan Amount:

Property Type:

Total Square Footage:

Total amount of Units:

Is this a 2nd Lien Cash Out?

No, this is a purchase (Skip this page)

Yes, I will complete this page

Enter the full address of the property including the City, State & Zip:

Month and Year of purchase:

Original Purchase Price:

Current Mortgage Balance:

Upload latest mortgage statement here:

Monthly Mortgage Payment:

Annual Taxes:

Annual Property Insurance:

Current Value: (You can go to Zillow.com to get a Zestimate)

Upload Appraisal Report here:

Is this a 2nd Lien Purchase?

No, this is a 2nd lien Cash Out (Skip this page)

Yes, I will complete this page

Purchase Price:

Full address of the property including City, State & Zip:

Upload Sale's Contract here:

Closing Date:

Will you be applying for a 1st lien loan through PhoneOps?

Yes, I will also need a 1st lien loan

No, I already have my 1st lien Lender

If no, provide 1st lien lender information, LTV, term, etc:

Employment Status:

Employed - W2

Employed - 1099

Business Owner

Don't work

The next 10 QUESTIONS is for Employment: (Put N/A if you don't work) 1. Full Name of Employer or Business Name:

2. Full address including City, State & Zip:

3. Contact number:

4. Job Title:

5. Start Date:

6. Monthly Income:

7. If you own your own business, complete this page, if not, go to the next page: Enter the state of Incorporation your company is registered in:

8. Company's Website:

9. EIN:

10. List all Owners and percentage of ownership: (Must equals to 100%)

Is there a Co-Borrower?

No, there is no Co-Borrower

Yes, there is a Co-Borrower and he/she will complete their application next

Yes, I am the Co-Borrower & this is my application

If so, put their full name here or put N/A: (If you are the Co-Borrower, put the Borrower's full name here)

There will be a one-time Tri-Merge Credit Report fee of $45 per borrower & you’ll be re-directed to the site pay after completion of this application. PhoneOps has to pull your credit to see what you qualify for. Do you understand?

No, Disregard my Application

Yes, invoice me for 1 borrower: $45

NOTE: If your credit is lock, you must unlock your credit from all 3 Credit Bureaus after you pay your invoice & keep it unlocked for at least 5 days to avoid paying another Invoice Fee of $45. Do you understand?

Yes, all 3 Credit Scores are Unlocked. PhoneOps may pull my Credit

Enter the name of the person that sent you to this site to place your file as "Priority".

This completes the Application. Please Rate your opinion:

1-Boring

2-Too long

3-It was fine. Not too long

4-Anxious in getting Pre-Approved

5-Excited, would like for someone to call me ASAP!

Checking this box means you agree to our terms which are: 1: You willingly applied online to one of PhoneOps mortgage loan programs and will complete the 3-Step Process for potential loan approval. 2: You agree that PhoneOps must pull your credit. 2. You agree that your credit is unlocked. 3. You agree that the one-time Tri-Merge Credit Report fee of $57 is NON REFUNDABLE.

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