Rehab Loans To Purchase Foreclosures Rehab loans can streamline and expedite the loan process when considering to purchase a foreclosed property. However, if are on a limited budget, make sure to do your due diligence when inspecting the home for needed repairs. Rehabbing a home can be troublesome, particularly if the foreclosed property is in […]
Continue readingWarning Signs Investors Shouldn’t Ignore When Purchasing Rental Properties By: Kim Hoffman Buyer beware when purchasing turnkey rental properties. The following are a few red flags when considering a particular property. Turnkey marketers Rental properties heavily marketed may not be such a good deal if the marketing agent is selling someone else’s property. Be mindful […]
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Home prices have risen across the country, and in many areas, the hot market has transformed a buyer’s haven into a seller’s market. With that change, buyers may have less leverage than they did during the market’s down years. Despite that, here is how you may still be able to obtain a seller credit for closing […]
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Landlords Will Hike Rent By 8% This Year by Kimberly Hoffman Don’t expect any rent breaks (or cheesecake) from your landlord this year. Alex Thornton, 34, a video producer based in Fort Greene, a hip enclave of Brooklyn, N.Y., is looking for an apartment to rent in neighborhoods across the borough. What he’s found: Prices […]
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Private Rehab & Cash out Investor Programs Investor Gold 680 Minimum FICO 11-12% Interest Rate 4 months reserves required 75% LTV of Purchase Price Borrower can prove Rehab Experience* Minimum loan amount $75,000 Minimum after Value $120,000 Cash out allowed – 45% debt ratio Investor Silver 620 Minimum FICO 13-14% Interest Rate Borrower has 3 […]
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New Loan Closed in Florida Recently Funded! New loan on this beautiful single family home is a 3 bedroom / 2.5 bathroom and being upgraded by a seasoned investor. Loan Recently Funded They attained loans of $350,000.00 with Private Lending Group and they are almost done with the work needed to make ready for sale! Details […]
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How To Qualify For A Loan After Short Sale? By: Kimberly Hoffman A short sale is an alternative to a foreclosure and is typically granted to homeowner who’s mortgage balance is higher than the actual value of the home. A homeowner can get out of the mortgage agreement without the mortgage lender pursuing for the […]
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People who are actively seeking a new home with good credit and stable income will search for a qualified loan officer. However, self-employed or those filing their own annual 1099 find it difficult to get traditional funding because it’s almost impossible to verify income and get the loan approved. Unfortunately, any undocumented income such as […]
Continue readingDespite the Housing Recovery, Thousands of Homes Are Still Losing Value Years after the end of the recession, entire metro areas still find themselves left behind by the economic recovery. Nationwide, more than one-quarter of homes lost value over the last year. In some metro areas, the drop-off has been even more severe. Some housing […]
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