Prospect Mortgage Sr. Loan Officer in Scottsdale, Arizona
A Wide Range of Lending Needs
As a licensed Prospect Mortgage Sr. Loan Officer in Arizona (NMLS #630337), Lillian can assist you with your home loan needs, including:
- First-Time Purchase
- Second-Home Purchase
- FHA and VA
- 203(k) Renovation
Lillian welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. Lillian has the expertise and knowledge, and will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.
Contact Lillian Wong Anytime
Feel free to contact Lillian anytime by phone or email for personalized service and expert advice. Lillian will extend the same professional service to your friends, family members, work colleagues or neighbors who need help.
Lillian Wong is 203(k) Renovation Lending Certified
Lillian is certified in 203(k) Renovation Lending, a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. Homebuyers can finance both the purchase and future repairs on their new home with one loan.
The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made1. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan's simplicity - one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible2 as well.
Lillian values your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.
Please contact Lillian Wong by phone, email or filling out the pre-approval form on the right to get more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!
1For 203k purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. For refinance transactions the maximum loan amount is the lesser of the property value before renovation + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. Loan amount must be within FHA county loan limits.
For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of the sales price + renovation costs or 100% of the as-completed value, times the maximum loan-to-value allowable. For refinance transactions the maximum loan amount is based on the lesser of 1) 100% of the as-completed value times the maximum loan-to-value or 2) the balance on the existing loan plus the renovation cost plus the settlement costs. The maximum repair amount is limited to 50% of the as-completed value. HomeStyle® is a registered trademark of Fannie Mae.
2Please consult a tax advisor for further information regarding the deductibility of interest and charges.
What are people saying about Lillian Wong?
"Lillian Wong was very professional and kept me informed every step of the process. With her pleasant nature and vast experience, I never felt like I would be lost in the shuffle. She always made me feel like I was the most important client she had. I would recommend Lillian and Prospect Mortgage to anyone that wanted a great experience!"
- Connie H., Sun City, AZ
"Lillian Wong is great. She helped me about 6 years ago to get my first home loan. Her professionalism, and willingness to help client are her biggest strength. That is why I contacted her for my home refinance and she again proved that she is one of the best Loan Officers in Arizona."
- Andrew H., Scottsdale, AZ
"We had a great experience with Lillian Wong, she was fast and efficient. She is very professional and offers fantastic service. Everything went smooth, she was following every step of the loan process and talking to all parties to make sure that everything was happening as scheduled. Our real estate agent also shares our point of view about Lillian 's professionalism. Thank you so much for everything! "
- Sandrine B., Scottsdale, AZ