Owner Occ. Rate & Term Refi Loan Funded

Irvine, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $515,000 BPO Valuation $792,000 Occup Owner Occ. Note Rate 11.50% LTV on BPO Valuation 65.05% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Borrower is an attorney looking…

When to Choose Hard Money?

Scenarios where buyers, sellers, investors and business owners have chosen Hard Money.   While Hard Money rates are certainly higher than conventional loan terms, in many instances the money is less expensive compared to other financing alternatives or the potential loss of potential revenue on a business transaction. Additionally, Hard Money eligibility requirements are less…

Cash-Out Refinance Loan Funded – Moreno Valley

Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $129,000 BPO Valuation $215,000 Occup Non-Owner Occ. Interest Rate 11.50% LTV on Est. Valuation 70.00% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 2 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking…

Successful Loan Strategies for Self Employed Borrowers in California

What steps should a self-employed borrower take to get a loan?   Self-Employment carries many benefits including making decisions, schedule flexibility and not having to work for an incompetent Boss. However there are some disadvantages to generating your own income when it comes to applying for a home loan. Today, under new Federal Regulations, borrowers…