Mortgage Made Simple
Access competitive rates, a streamlined application, and straightforward process for your mortgage finance needs.
About Us
Simplified Capital was founded by Stephen Caceda, a seasoned professional with nearly a decade of experience in the mortgage industry. Throughout his career, Stephen has navigated a diverse range of loan origination scenarios, equipping him with the expertise and insight to address a wide array of client needs. At Simplified Capital, we leverage this depth of experience to offer tailored mortgage solutions, ensuring a seamless and supportive journey for every client, whether they're stepping into their first home or expanding their investment portfolio.
Our Services
Conventional
Conventional loans are non-government-backed mortgages that adhere to the guidelines set by Fannie Mae and Freddie Mac, offering flexible terms and competitive rates.
FHA
loans that are backed by the Federal Housing Administration, offering lower down payments and more lenient credit requirements, making them ideal for first-time homebuyers.
Reverse Mortgage
A reverse mortgage allows homeowners aged 62 and older to convert part of their home equity into cash without having to sell their home or make monthly mortgage payments.
Bank Statement
Bank statement loans cater to self-employed individuals or those with non-traditional income, using bank statements instead of W-2s to prove income for mortgage qualification.
DSCR
DSCR loans are investment property loans where the lender evaluates the property's cash flow and ability to cover the mortgage payments, rather than the personal income of the borrower.
Hard Money
Hard money loans are short-term, asset-based loans where the borrower receives funds secured by real property and are typically used in investment or commercial real estate transactions.
Our Mission
To simplify the mortgage process, providing accessible, transparent, and personalized mortgage solutions that empower individuals and investors to make informed financial decisions and achieve their property aspirations with confidence.
Our Philosophy
Simplicity is our compass. We navigate the complexities of mortgages with clarity and integrity, ensuring every decision is informed and every client journey is smooth.
Our Promise
To offer a transparent, tailored mortgage experience, where personal service meets competitive solutions. Your trust, our commitment.
Our Guarantee
We guarantee a seamless and stress-free mortgage process, with our team committed to finding the best possible financing solutions tailored to your needs. Your satisfaction and successful journey to homeownership are our top priorities
Frequently Asked Questions
Q:
What differentiates Simplified Capital from other mortgage brokers?
Simplified Capital stands out because it's owner-operated, meaning you get personal, expert guidance directly from our founder, Stephen Caceda. We keep our operations lean to minimize overhead, ensuring cost savings are passed directly to you.
Q:
What is the minimum down payment required to buy a home?
The minimum down payment can be as low as 0% for VA loans or 3% for certain conventional loans, with options like FHA loans requiring 3.5%. Some lenders offer special reduced down payment programs, and there are also grant and down payment assistance (DPA) programs available to help qualifying buyers reduce upfront costs.
Our Blogs
Turning the Tide: Using Reverse Mortgages to Refinance Homes in Foreclosure
Turning the Tide: Refinancing Homes in Foreclosure with Reverse Mortgages
Facing foreclosure is a daunting prospect, leaving many homeowners feeling trapped. However, there's a less conventional route that could potentially reverse the situation: refinancing your home with a reverse mortgage, even if it's currently in foreclosure or a sale date has been set. This blog delves into how a reverse mortgage might just be the solution you need, and why talking to a loan officer could be your first step towards reclaiming your peace of mind.
The Role of Reverse Mortgages in Foreclosure
A reverse mortgage allows homeowners aged 62 or older to convert part of the equity in their home into cash without the requirement of monthly mortgage payments. This unique financial tool can be particularly useful in stopping the foreclosure process by using the loan to pay off the existing mortgage.
First Step: Talk to a Loan Officer
Before diving into the process and considering HUD counseling, it's crucial to speak with a loan officer to assess your eligibility for a reverse mortgage. This preliminary step ensures that you can qualify for this financial solution before incurring any costs for counseling or application fees. As a loan officer myself, I encourage you to reach out to me directly so we can explore your options together.
Eligibility and Key Considerations
- Equity Requirement: Your home must have sufficient equity to cover the amount owed on your current mortgage through the reverse mortgage.
- Age and Residency: You must be at least 62 years old, and the property in question should be your primary residence.
- Payment Flexibility: While reverse mortgages don't require monthly payments, you have the option to make payments if you wish. This can help mitigate the effect of negative amortization and preserve more of your home's equity over time.
The Refinancing Process with a Reverse Mortgage
1. Assessment: After our initial discussion, we'll assess your situation to ensure a reverse mortgage is a suitable and viable option for you.
2. Application: If a reverse mortgage seems like the right fit, the next step is to apply. During this process, we'll evaluate your home's value and determine the loan amount.
3. Paying Off the Existing Mortgage: If approved, the proceeds from the reverse mortgage will first be used to pay off any existing mortgage, which can halt the foreclosure process.
4. Preserving Your Home: Without the burden of monthly mortgage payments, you can maintain your home ownership as long as property taxes, insurance, and maintenance are kept up to date.
Why This Might Be the Right Choice for You
Opting for a reverse mortgage to refinance your home in foreclosure can offer a fresh start and the financial relief needed to keep your home. It's a decision that comes with significant benefits, particularly for those looking to remain in their homes without the pressure of monthly mortgage payments.
Ready to Explore Your Options?
If you're facing foreclosure and looking for a way out, a reverse mortgage might be the solution you need. Don't navigate these troubled waters alone. Reach out to me, and let's discuss how we can turn the tide together and secure your home for the future.
In these challenging times, remember that there are strategies available to retain your home and peace of mind. A reverse mortgage could be the beacon of hope you've been searching for. Let's explore this opportunity together.
Get in touch with us
Ready to simplify your mortgage journey? Reach out today, and let's start a conversation about your financial goals. At Simplified Capital, your dream property is closer than you think. Call, Text, or Email anytime. Or feel free to fill out the form and we will contact you!
Every consultation is a no pressure conversation meant to help you feel comfortable about your mortgage financing needs.
(305) 804-0557
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We do business in accordance with the Federal Fair Housing Law (The Fair Housing Amendments Act of 1988) and the Equal Credit Opportunity Act. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, national origin, age, marital status, or because all or part of an individual's income comes from any public assistance program, or because the individual has in good faith exercised any right under the Consumer Credit Protection Act.