REVERSE MORTGAGES, FHA, VA , CONVENTIONAL & COMMERCIAL
ASEAN CAPITAL, INC. is an FHA approved lender. The company specializes in offering mortgage solutions to first time home buyers and others. Niche products: Reverse Mortgages for seniors, FHA 203(b) 96.50% financing for purchases and 85% for cash-out refinancing. No closing costs program up to 96.5% is available for first time home buyers.
VA Loans up to 100% financing.
Dula Amarasinghe, a 28-year veteran of the banking industry, is the President and CEO of the company. He holds an MBA in Corporate Finance & Investments and is also a graduate of Manufacturers Hanover Trust Credit Training Program.
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Interview Q&A
How long have you been in business?
11 years.
What is your primary product or service?
Residential Mortgages. FHA insured products, VA Guranteed Products up to 100% financing, SONYMA Products. We also arrange Commercial Mortgages.
How did you first become interested in your line of business? (if owner) - What is your background? (If owner or store manager)
I worked for Manufacturers Hanover Trust as a Lending Officer for 11 years.
How do you differentiate yourself from other businesses in your category and area?
Efficiency, low-cost provider, fast closings.
How many locations do you have and do you have plans to expand?
One location at the present time. If the opportunity arises, we will expand.
Provide detailed directions to your location
Long Island Expressway or Sunrise Highway to North Ocean Avenue. Head South until you reach Main Street in Patchogue and make a right at the light. Parking on street or behind building. We are located next to Bank of America.
Which areas do you service?
Suffolk, Nassau and Queens Counties.
Who owns your company or runs daily operations?
Dula Amarasinghe, President.
What are your hours of operation?
-Monday through Friday - 8:30 AM TO 6:00 PM.
-Saturdays and Sundays - by appointment only.