How Newfi Lending has kept business thriving through market turmoil
There have been plenty of cleverly planned moves
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There have been plenty of cleverly planned moves
/PRNewswire/ -- Indecomm, a provider of mortgage technology and services, announced today that Newfi, a technology-driven multi-channel lender, has adopted...
The six-person show runs at the Ware Center through Jan. 27.
Newfi Lending on Tuesday announced the launch of a new non-qualified mortgage (Non-QM) product called Pinnacles Step-Up Mortgage that is available in four states. The Emeryville, Calif.-based company claims the Step-Up Mortgage can save Non-QM borrowers thousands of dollars in monthly payment obligations in the first year alone when using full documentation or bank-statement income.
Payments increase 5% in each of the first five years of the mortgage, with the unpaid interest from that period added to the principal.