Investment
Properties (Non-Owner Occupied)
These types of homes are normally acquired specifically
for investment purposes or are owned as a result of moving to
a new house without selling or being able to sell the old
house. Financing for 1 to 4 family investment properties can be achieved
using any of our programs.
Typically, the
rates for financing on investment properties are higher than
owner occupied homes and the LTVs allowed are lower, due to
the fact that default rates tend to be higher on these types
of loans. This type of loan is available for clients
with A and B credit histories.
We make mortgages for the acquisition
and divestitures of investment properties. You may also obtain
equity loans and improvement loans for these properties.
Multifamily properties with over 5
units have different underwriting criteria and documentation
requirements. Rent rolls and 2 years operating statements are
required for the subject property.
| For
Investors and Sellers who want to cash out entirely |
Contract
for Deed, Owner Financed & Lease Purchases
you can receive
these benefits |
- Peace of mind
knowing the you are not depending on a buyers ability to repay
- 100% Payouts,
regardless of the rate on the note.
- Lump sum disbursements,
no waiting years for your money.
- Eliminates your risk
of nonpayment or losing property and accrued equity.
- Eliminates your risk
of Property destruction or abandonment.
- Eliminates your risk
of call provisions on underlying mortgages.
- We work with all types
of properties.
- We work will all types
of buyers
- Free up your capital
to invest in new projects
- Free up your credit
to invest in new projects.
- Pay off balloon payments.
|
| Click
here for a 100% cash payout |
|
| For Purchase money
loans click below |
|
| Click
to apply (Purchase) |
Download
an application to fax to us |
|
Should You
Refinance an investment property
|
| The
risk involved in refinancing your current mortgage is nearly
non-existent. If you think you'll save money by refinancing, now is
a good time to act. Thousands of people refinance their homes
and save money every day, look at some of the benefits of
refinancing today.
|
| Refinancing
your home loans can allow you to take advantage of these benefits |
- Lower interest
rates resulting in lower
monthly payments
- Consolidate
high interest rate, 2nd
liens, home improvement and/or swimming pool loans or credit
card balances into one lower interest rate mortgage and
better terms and tax deductible interest costs
- Make Home Improvements
and make your home a better place to live.
- Get Cash Out to
spend as you wish. Use it for vacations, tuition, starting
a business.
- Shorten your term to Build
Equity Faster.
- Trade your ARM in for a
fixed rate loan and lock in long term savings.
- Current appraised value - not purchase
price is used to calculate LTV ratios. (if you have owned
the property for over 6 months) You may be able to avoid PMI
costs.
- Pay off balloon payments or
call provisions on your current loan.
|
| Click
to apply |
Download
an application to fax to us |
|
|
|
| Should
You Take Advantage of an Equity Loan? |
| An
Equity Loan can allow you to take advantage of these benefits |
- Lower interest
rates resulting in lower
monthly payments
- Consolidate
high interest rate, 2nd
liens, home improvement and/or swimming pool loans or credit
card balances into one lower interest rate mortgage and
better terms and tax deductible interest costs
- Make Home Improvements
and make your home a better place to live.
- Get Cash Out to
spend as you wish. Use it for vacations, tuition, starting
a business.
- Current appraised value - not purchase
price is used to calculate LTV ratios. (if you have owned
the property for over 6 months) You may be able to get more
cash out or get a lower rate.
- You may qualify for a 125%
equity loan or title 1 home improvement loan.
|
| Click
to apply |
Download
an application to fax to us |
|
|
|
|
