Looking for financing on fully-occupied 8-unit in Chicago. Sales price $200,000; building value $280,000. Rent is low in that area, each unit is going for an average of $425/mo. Borrowers have credit in the 500′s — excellent repayment history, except one has a 1×90 on a Capital One card and the other has a medical [...]
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The Basic Information About Second Mortgage Loans - Posted March 11, 2011
When you build a house you are surely require money for renovations but you might not have the necessary amount of cash for that. These renovations can be quite expensive but you have to do this to maintain your house. In this way you should think of obtaining a second mortgage loan. Second mortgage loans [...]
Need 30K Earnest Money Loan Secured & w/ 15% - Posted January 18, 2011
All,I am currently in the process of purchasing some property in Dallas, Texas. I have run into an obsticle that, even with 100% financing, I didn’t think about… the $30,000 earnest money payment they want. We are aquiring the property for $1,150,000.00. I would be willing to give you a nice percentage on the loan, [...]
1.6 million dollar loan - Posted September 11, 2010
Wonder if anyone has any ideas as to were I can place a 1.6 million dollar loan. Credit middle score is 571, no mtg lates, full doc. LTV would be approx. 65 to 70 pct. Debt consolidation, a little cash out if possible.