Real estate agent house represented by model;with background woman agent business.Real estate value concept.

Buy a Home

Refinance

About Save On Lending

Welcome to Save On Lending, where your mortgage journey is more than a transaction - it's a partnership built on care, transparency, and community.

We don't just secure mortgages; we empower you to save and succeed. With complimentary consulting and financial planning services tailored to your home loan needs, we ensure you make informed decisions for your future.

Beyond that, we're committed to giving back to the community we serve because your success is our success. We see our clients as family, not just customers. From your first consultation to long after you've settled into your dream home, we're here for you every step of the way.

Join the Save On Lending family and experience the difference genuine care, transparency, and community involvement can make in your mortgage journey. Let's build your future together.

Meet the Team

Ricky Hadid, CEO & Co-Founder

NMLS #1178081

Ezik Danial, President & Co-Founder

NMLS #1177787

Meet Ricky Hadid, our Co-Founder and CEO, and Ezik Danial, our President and Co-Founder - the warm-hearted architects behind our mortgage team, boasting a rich 20-year collective experience in the industry. Their passion lies in assisting clients with personalized care every step of the way, navigating challenges and achieving homeownership goals. Ricky and Ezik are not just mortgage experts; they're seasoned problem solvers who have helped thousands of families overcome hurdles. Together, they've closed over $1 billion in volume throughout their illustrious careers, making a tangible impact with their dedication and expertise. Trust their unwavering commitment and genuine concern for your financial well-being as they welcome you into their mortgage family, where your needs are their priority.

Loan Options

Model house with your deposit money.Real estate and mortgage investment concept.

Conventional

10-30 Year Fix, 1%-3% down First Time Home Buyer, Home Ready, Home Possible, Borrow Smart, High Balance, ARMS 5, 7, & 10 Year, Temporary Rate Buy-Downs, and Limited Review Condo.

FHA

15-30 Year Fix and StreamLine.

JUMBO

15-30 Year Fix, ARMS: 5, 7, & 10 Year, Interest Only 30 Year Fix.

NON QM SOLUTIONS

No Income - Investor Loan DSCR (Debt Service Coverage Ratio), Bank Statement Loans, and One-Time Close New Construction Loans.

Deposit money with model house.Real estate and mortgage investment concept.

HOME EQUITY LINE OF CREDIT

Piggyback and Standard.

@SaveOnLending

That doesn’t mean you should just accept whatever rate is available today either.

There are different ways to structure a mortgage that can help make the payment more manageable: 2-1 buydowns, 1-0 buydowns, seller concessions, lender credits, and other strategies depending on the situation.

The goal isn’t to sit around waiting for 7% to magically become 3%.

It’s to look at the entire deal and figure out what options make sense for YOU.

And if rates eventually come down significantly, refinancing could be an option down the road.

There’s more to a mortgage than just the rate 👀 #mortgagetips #mortgagebroker #homebuying #homeloans #loanofficer

Part 3 of 3 — Who should actually consider a DSCR loan?

A DSCR loan isn’t just for investors who can’t qualify for a traditional investment loan.

It can be another financing option for investors who have significant tax deductions, already own multiple rental properties, or simply don’t want their personal income and debt to be the primary factor when financing another investment property.

Some DSCR programs can also allow the property to be purchased in an LLC, which can be a major benefit for certain investors.

That doesn’t mean DSCR is always the better option. Rates, fees, down payment requirements and guidelines can vary.

The point is simple: know your options before deciding how you want to finance your next investment property.

#mortgagetips #mortgagebroker #dscrloans #michiganloanofficer #realestateinvestors

Part 2 of 3 — How DSCR loans actually work
It’s essentially about whether the rental property can generate enough income to support the debt.

In this example, the estimated monthly payment was $2,200 and the 1007 showed $2,200+ in market rent, giving the property a 1.00 DSCR.

And even if the rental income comes in below the monthly payment, that doesn’t necessarily mean the deal is dead. Depending on the lender and program, there may still be options. #dscrloans #realestateinvestment #mortgagebrokers #mortgagetips #michiganrealestate

Part 1 of 3 — What is a DSCR loan? Not every real estate investor needs to qualify for an investment property the traditional way.

A DSCR loan allows lenders to focus primarily on the income the property can generate rather than relying as heavily on the investor’s personal income.

This can be especially useful for investors who are self-employed, have significant tax deductions, already own multiple properties, or simply want another financing option.

DSCR isn’t automatically better than conventional financing; it’s just another tool investors should know about. #DSCRLOANS #realestateinvestors #mortgagetips #michiganrealestate #mortgagebroker

20% down isn’t always the only option and it may not always be the best option.

In this real-life scenario, putting 5% down instead of 20% allowed the client to keep roughly $200,000 available.

That money could potentially be invested, used to pay down student loans, kept liquid, or simply saved for the next opportunity.

There’s no one-size-fits-all answer. The right choice depends on your overall financial goals and what you want your money to do for you.

Sometimes the value isn’t just in the loan, it’s in having options. #Doctorloan #mortgagetips #homeloans #MichiganMortgage #loanofficer

A newer credit scoring model called VantageScore is starting to become available with some mortgage lenders and it may help more borrowers qualify.

Unlike traditional models, it can consider alternative payment history like rent, utilities, and phone bills, and it may work even for borrowers with limited credit history.

For some buyers, especially first-time homebuyers, having more than one scoring model available could create additional opportunities.

The mortgage world is constantly evolving, and this is something worth paying attention to #homebuying #mortgagetips #mortgagebroker #homeloans #firsttimehomebuyer

saveonlending

Reviews

Communication and explanation of every step of the process was clear and easy . Great experience and Highly recommended!!

Karim Gewarges

2 months ago

Ezik was very knowledgeable regarding the loan process. He was patient and explained all of the options that were available. The process was fast and we were able to start with our renovations 2 weeks later. I highly recommend Save on Lending.

Kimberly Danial

2 months ago

Buying a home can be stressful, but Ezik made the entire process smooth from start to finish. He was always available to answer questions, kept everything moving, and genuinely had my best interests in mind. I couldn’t have asked for a better experience and highly recommend him to anyone looking to buy a home. Thanks again for all your help, Ezik!

Kameron Sawade

3 months ago

Buying a home can be stressful, but working with Ricky Hadid made the entire process so much easier. From day one, he was professional, knowledgeable, and always available to answer our questions. What we appreciated most was his communication. Even when there wasn't a major update, he would call just to let me know where we were in the process and reassure us that everything was moving forward. That gave us a lot of confidence and peace of mind. We always felt informed and never had to wonder what was happening. He truly cared about making sure we had a great experience, and I couldn't have asked for a better lender. I highly recommend him to anyone looking to buy a home. Thank you for helping make this dream come true! We truly appreciate all your hard work, dedication, and support throughout the entire process.

Esteban Vargas

3 months ago

Ricky made every effort to help make closing on my first home as easy as possible. Great communication and very efficient. I would recommend him to anyone. Thank you again, Ricky!!

Krista Wisemen

3 months ago

Ricky was great patient very respectful of my time. Thank you Ricky for everything.

Ihab Abuna

3 months ago

Ezik is the definition of a professional! He was super helpful and ensured that all of our questions were answered. Would highly recommend his services to anyone!

Evan Cassar

3 months ago

Ezik was a pleasure to work with. As a first time homebuyer he answered all of my questions and guided me through the entire mortgage process. We had multiple phone calls after typical business hours as my job is not very flexible. Ezik is extremely hard working and professional and I will use him in the future for any mortgage needs I may have. I am lucky to be one of his clients. Nothing but good things to say about him.

Kathryn Mansueti

3 months ago

Where do I even begin? As a first time home buyer Ezik and Save on Lending made this process the most stress free and easy process we could have even imagined. I highly recommend them anytime you are looking to refinance or apply for a mortgage. Very knowledgeable and always available when we had questions and concerns. As a first time buyer Ezik was very patient with me and answered all my questions. Throughout the process Ezik kept me very informed. We were cleared to close in record time. I could go on and on about how great of an experience this was but I would run out of characters. When you think about mortgages, think of Ezik and Save on Lending!!

Andrew Shakouri

4 months ago

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