Do you need cash out of your home, but you don’t want to refinance the low interest rate first mortgage currently on your home?
We have a solution… We can use a HELOC.
This is a second mortgage in the form of a line of credit you can draw on as needed.
Very easy to qualify for, and quick to close. And, no appraisal!
Let us know if you would like to know how this could work for your situation.
That’s it for today!
Thanks for reading!
Brett
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll ever own a home, up from 27% a year ago.
35% of renters noted the ability to save for a down payment as a major hurdle preventing homeownership.
The good news is that we have a solution. We have many no down payment options down to a 600 credit score for you!
Are you planning to use a gift for the down payment or closing costs when using a Conventional Loan?
Not just anyone can give you a gift. Here is the list of acceptable donors that can give you a gift…
Relative, defined as the borrower’s spouse, child or other dependent, or by any other individual who is related to the borrower by blood, marriage, adoption, or legal guardianship. Fiancée, or domestic partner – an unrelated individual who shares a committed relationship with the primary wage earner, currently resides in the same household as the primary wage earner, and intends to occupy the security property with the primary wage earner.
The donor may not be or have any affiliation with the builder, the developer, the real estate agent, or any other interested party to the transaction.
That’s it for today!
Thanks for reading!
Brett
Do you have investment property, and would like to pull cash out of your property?
However, for some reason you can’t provide income documentation to your lender to get a cash out loan.
We have solutions!
We have loan programs that will allow you to pull cash out of rental property with no income documentation at all.
If this applies to you or someone you know, reach out to us and let’s see how we can help you.
That’s it for today!
Thanks for reading!
Brett
