Old is Now New Again

Buy Before You Sell Is Back!

With the Buy Before You Sell Agreement, buyers can borrow the down payment to close on a new home before selling their current one. Even better, only the new mortgage is considered during approval—the current mortgage payment is ignored.

Stated Income for Co-ops in NYC

Buy or refinance a co-op in New York City using business bank statements and alternate documentation—no tax returns or paystubs required. Reverse mortgages are also available for co-ops!

New Solutions for Mixed-Use Property Financing

• 25% down investment purchase with qualification based on future rental income

• No Phase I Environmental Report required

• Can close with existing violations in place

DSCR requirement: Gross rental income (including future rents) must be equal to or greater than PITI (principal, interest, taxes, and insurance).

Home Equity Options for Low-Rate Borrowers

If your client has a low interest rate on their first mortgage, pulling equity via a second loan or HELOC is the logical move.

• Full-doc HELOC: Up to 90–95% of equity with 720+ credit; 85% with a 640 score

• No-doc HELOC: 680+ score, 75% LTV on 1–4 family investment properties

Cash-Out Refinance Without PMI

Borrowers can now cash out up to 90% of their home’s value with no PMI—available for owner-occupied 1–4 family properties.

Tip of the Week: Medicare Open Enrollment Insights

Open enrollment is here—make sure your loved ones are informed:

• 2025 Medicare Rx plans have a $2,000 annual out-of-pocket cap

• Coverage and benefits change annually—review plan options carefully

• 100 days in rehab can exceed $20,000; premium Medigap plans cover it fully

If your parent or grandparent has minimal assets, explore Medicaid eligibility to help cover healthcare, nursing homes, and assisted living costs.

Quick Facts About Medigap Plans:

• All Medigap plans (A–N) are standardized by the federal government

• Plan F and Plan G = higher premiums, more comprehensive coverage

• Plan A or B = lower premiums, more out-of-pocket responsibility

• Plans K, L, M, and N = cost-sharing plans with reduced premiums

• Medicare does not cover long-term care

Quote of the Week

"The bad news is time flies. The good news is you're the pilot."

- Michael Altshuler

Loan Programs Available

• Renovation & New Construction

• SBA business financing up to 90%

• Reverse Mortgages up to $4M

• Investor, Commercial, Bridge & SBA loans available in all 50 states

Contact Us

Have questions or ready to get started?

Call: +1 (347) 804-4438

Email: info@lifelenders.net

At Life Lenders we’re proud to offer our mortgage services across the 50 US states, making it easier for you to access the financing you need, no matter where you are.

This communication is intended solely for licensed professionals and is not an offer to lend.