Our approach
Your journey through mortgages should be as smooth as carving down the side of a mountain on some fresh powder. We totally get that, so we combined our 20+ years of experience and passion to bring you Mortgage Ride.
We realized we had an opportunity to empower people with knowledge and assist them in avoiding pitfalls along the way. No one wants their bike or board stumbling off balance along the path, right!?
That’s why we simply say, RIDE WITH US! Allow us to make your experience fun and enjoyable as you expand your portfolio. Mortgage Ride is committed to providing our clients a more relaxed approach through their mortgage needs by providing the very best rates, fees, and personalized service.
Curious about your home’s worth? We have a quick, easy solution to getting more info right back at cha!
Punch in your email with our buddies at MYHOME!
COME RIDE WITH US!
Mortgage Ride is committed to delivering the best ride through your mortgage experience by providing the very best fees, service and knowledge to assist in reaching your goals. Whether its slopes, ramps, surf, or mortgages, we just really like to ride. Come Ride with us!
In-person and
remote options
Our office is conveniently located in Las Vegas. Can’t
make it into the office? No worries – we’ve got you
covered with teletherapy.
Curious about your home’s worth? We have a quick, easy solution to getting more info right back at cha!
Punch in your email with our buddies at MYHOME!
COME RIDE WITH US!
Mortgage Ride is committed to delivering the best ride through your mortgage experience by providing the very best fees, service and knowledge to assist in reaching your goals. Whether its slopes, ramps, surf, or mortgages, we just really like to ride. Come Ride with us!
In-person and
remote options
Our office is conveniently located in Las Vegas. Can’t
make it into the office? No worries – we’ve got you
covered with teletherapy.
FROM THE RIDE SHOP
GAS IT
TEE
FROM THE RIDE SHOP
GAS IT
TEE
Our products
We offer more products and opportunities beyond what you see here on our digital home base. You know how it is, when you start rolling downhill, you have to be ready to ride! As a mortgage banker/broker, we are able to offer wholesale pricing and rates. With all the options out there, let us guide you to great results. That mountain bike trail is a lot more fun when someone knows the way down to the river.
FHA
Qualify with a lower credit score, as low as a 3.5% down payment, qualify even with past bankruptcies, or refiannce your existing FHA loan with FHA Streamline to have a lower interest payment.
VA
Finance up to 100% of the loan and have less closing costs as a qualified veteran, service member, or spouse.
USDA
No down payment required, 30-year fixed rate, and no cash reserves for closing cost. Elite pricing starting at 640+ FICO.
Jumbo
Jumbo loans range from $548,251 and above with a low interest rate.
Our products
We offer more products and opportunities beyond what you see here on our digital home base. You know how it is, when you start rolling downhill, you have to be ready to ride! As a mortgage banker/broker, we are able to offer wholesale pricing and rates. With all the options out there, let us guide you to great results. That mountain bike trail is a lot more fun when someone knows the way down to the river.
FHA
Qualify with a lower credit score, as low as a 3.5% down payment, qualify even with past bankruptcies, or refiannce your existing FHA loan with FHA Streamline to have a lower interest payment.
FHA
Finance up to 100% of the loanand have less closing costs as a qualified veteran, service member, or spouse.
USDA
No down payment required, 30-year fixed rate, and no cash reserves for closing cost. Elite pricing starting at 640+ FICO.
Jumbo
Jumbo loans range from $548,251 and above
with a low interest rate.
As Chief Riding Officer for Mortgage Ride, I am dedicated to providing financial solutions for professionals, their clients, individuals, and families to help them make informed mortgage decisions that integrate with their personal financial plans.”
— Erik Feldman (Chief Riding Officer)
What People Are Saying
“Erik & Team were very helpful every step of the way. They were knowledgeable and always happy to explain any questions I had. They made this stressful process very manageable. Thanks for all your help! Would definitely recommend!!.”
— James V.
“Mortgage Ride has helped me with buyers as a Realtor and as a buyer myself. We just closed on my personal property and it was completely stress free from start to finish. If you don’t want a headache and want to be able to sleep at night, go on a Mortgage Ride!”
— Connor P.
“The team is very organized and on top of communications. Really appreciate all their help and would definitely use them again! Closed on time with no issues.”
— Lori H.
“Erik and his team are awesome!! They are like family and make the process so smooth. They have lots of patience and are very helpful in making sure you are able to get the best rate for you loan. I would definitely recommend them and will use them again and again!!”
— Keith B.
We strive to make the home mortgage journey an exceptional experience for all clients. We hope you found our service and knowledge to have been key in helping you on this Ride. If you did, would you kindly do us a favor, and share your experience to the public review site listed below? The gesture would mean the world to us. 🙏
What People Are Saying
“Erik & Team were very helpful every step of the way. They were knowledgeable and always happy to explain any questions I had. They made this stressful process very manageable. Thanks for all your help! Would definitely recommend!!.”
-June2022
— James V.
“Mortgage Ride has helped me with buyers as a Realtor and as a buyer myself. We just closed on my personal property and it was completely stress free from start to finish. If you don’t want a headache and want to be able to sleep at night, go on a Mortgage Ride!”
— Connor P.
“The team is very organized and on top of communications. Really appreciate all their help and would definitely use them again! Closed on time with no issues.”
— Lori H.
“Erik and his team are awesome!! They are like family and make the process so smooth. They have lots of patience and are very helpful in making sure you are able to get the best rate for you loan. I would definitely recommend them and will use them again and again!!”
— Keith B.
We strive to make the home mortgage journey an exceptional experience for all clients. We hope you found our service and knowledge to have been key in helping you on this Ride. If you did, would you kindly do us a favor, and share your experience to the public review site listed below? The gesture would mean the world to us. 🙏
THe RIDE blog
What is a Cash-Out Refinance?
What is a Cash-Out Refinance?
A cash-out refinance replaces your current home with a new mortgage plan for more than you currently owe on your house. The extra money based on the amount goes to you in cash and you can use it on home improvements, consolidating your debts or other financial requirements you might have. However, you need to have equity built up in your house in order for you to qualify for a cash-out refinance.
In contrast with traditional refinancing, cash-out refinance replaces your existing home loan with a new one for the same amount of balance. Here’s how this works:
You are paid the difference of your home loan balance and the value of your property.
Usually, this offers a bit higher interest rates because of a higher loan amount.
This provides limits on cash-out amounts to 80% to 90% against the equity of your home.
A cash-out refinance allows the borrower to convert home equity into cash by making a new loan for a bigger amount than what is currently owed. The borrower will receive the difference in cash between the two loans. This is doable because the borrower only owes what is left on the amount of the original mortgage. The added loan amount of the cash-out refinanced mortgage is paid in cash to the borrower at the closing.
Pros and Cons of Cash-Out Refinance
Among the biggest advantage of cash-out refinance is debt consolidation. Because of the extra money you receive at closing, you can use to pay off other high interest loans and save thousands of dollars in interest. But on the other hand, because of your new mortgage, you will have different terms than your original loan. To avoid incurring high interest loans, you need to double check the interest rate and other fees before agreeing to the new terms. This is also a foreclosure risk because your home serves as the collateral for any kind of mortgage. If you can’t make the payments, you risk losing it.
Refinancing your loan through a newly structured mortgage can give you the chance to look for other financial institutions that can provide new financing alternative with an interest rate much lower and more flexible payment than your previous home loan agreement. Today, even an increment of less than one percent can make a harsh effect particularly for individuals with bigger interest rates because it only means that they need to pay much higher interest rates as compared to what they originally signed up for.
Get started today
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