Kathleen Smith's Posts - Real Estate Finance2024-03-28T19:28:41ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmithhttps://storage.ning.com/topology/rest/1.0/file/get/69880242?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://realestatefinance.ning.com/profiles/blog/feed?user=3pcylkluut3g6&xn_auth=noNew 90/100 Rehab Loan Producttag:realestatefinance.ning.com,2015-07-17:6517464:BlogPost:2379462015-07-17T14:12:14.000ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmith
<p>This new 90/100 rehab loan has highlights that make it easier for rehabbers to qualify for a loan. If you want more info, or want to run a scenario through my desktop underwriting, feel free to email me the request, and I will send you the form to collect your scenario details.</p>
<p> </p>
<p>Here are some of the Highlights and qualifications:</p>
<p> </p>
<p align="center"><u>Product, Procedures and Submission </u></p>
<p align="center"><u> …</u></p>
<p>This new 90/100 rehab loan has highlights that make it easier for rehabbers to qualify for a loan. If you want more info, or want to run a scenario through my desktop underwriting, feel free to email me the request, and I will send you the form to collect your scenario details.</p>
<p> </p>
<p>Here are some of the Highlights and qualifications:</p>
<p> </p>
<p align="center"><u>Product, Procedures and Submission </u></p>
<p align="center"><u> </u></p>
<table border="0" cellspacing="0">
<tbody><tr><td width="393" valign="top"><p><b><u>Product Details</u></b></p>
<ul>
<li>Fix and flip, or buy and hold loans</li>
<li>Loans from $50,000 to 2.5 Million</li>
<li>Financing for SFRs, 2-4 units, townhomes, and PUDs</li>
<li>Loan term 6 to 12 months</li>
<li>Loans to 80% -if purchase price = value</li>
<li>Loans to 90% -if value = more than purchase price</li>
<li>Financing will allow for 100% of the rehab costs via construction draw to be determined</li>
<li>Long term buy and hold loans available with a 5/1 arm</li>
<li>Rates vary based on your experience and completed rehabs in the last 6 and 12 months.</li>
<li>Rates range from 8 to 12% based on your experience</li>
<li>Extension fee of 1% for 3 to 12 month extension</li>
<li>Fees are 2.5 to 4% depending on loan size</li>
<li>Closing in 10 to 14 days for first time rehabbers</li>
<li>Returning rehabbers closing in 7 to 14 days</li>
<li>Borrower in an LLC or personal name</li>
</ul>
<p> </p>
<p><b><u>Qualifications</u></b></p>
<ul>
<li>Borrower need to show completed rehabs for the last 6 mths, 12 mths, and lifetime</li>
<li>Credit needs to be 500+</li>
<li>No more than 2 over drafts in 3 months</li>
<li>No more than 4, 60 day lates in 24 months</li>
<li>No foreclosures or bankruptcies in 2 years</li>
<li>No major criminal charges in 7 years</li>
<li>No unresolved judgments or liens over $10,000</li>
<li>No financial fraud ever</li>
<li>No rural properties</li>
</ul>
<p> </p>
</td>
<td width="359" valign="top"><p><b><u>10 Minute Submission Process:</u></b></p>
<ul>
<li>Rehabber will request and complete the Rehab CIS Form for our review</li>
<li>Your CIS form details will be entered in our underwriting DU engine for immediate approval </li>
<li>Based on your criteria the LTV and rate page is provided to you to select on each transaction</li>
<li>We then collect a charge of $199 for a BPO which is ordered and used to qualify your property.</li>
<li>Lastly an LOI is generated with the submission doc checklist. </li>
</ul>
<p> </p>
<p> </p>
<p> </p>
<p><b><u>States Offered</u></b></p>
<ul>
<li>Texas</li>
<li>Georgia</li>
<li>Tennessee</li>
<li>Colorado</li>
<li>Washington</li>
<li>West Virginia</li>
<li>Illinois</li>
<li>Ohio</li>
<li>Missouri</li>
<li>Virginia</li>
<li>Florida</li>
<li>South Carolina</li>
<li>New York</li>
</ul>
<p> </p>
<p> </p>
<table border="0" cellspacing="0">
<tbody><tr><td width="169" valign="top"><p> </p>
</td>
<td width="157" valign="top"><p> </p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p> </p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p>Thank You</p>
<p> </p>
<p> </p>
<p>Kathleen Smith</p>
<p>Harbour Equity Partners<br/> Private Client Services, LLC</p>
<p>Admin Assist. | Private Banking and Client Services</p>
<p>NY Office 631-757-9700</p>
<p>Fax. 631-991-9142<br/> Email. <a href="mailto:Info@SuperJumboLoans.Info">Info@SuperJumboLoans.Info</a> </p>Link to post loan products to borrowers, and loan request to lenders.
Broker to Banker Financial Forumtag:realestatefinance.ning.com,2015-06-17:6517464:BlogPost:2334832015-06-17T10:37:59.000ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmith
<p>Link to post loan products to borrowers, and loan request to lenders. </p>
<p><a href="http://efinancialbroker.com/forum.php" target="_blank">Broker to Banker Financial Forum</a></p>
<p>Link to post loan products to borrowers, and loan request to lenders. </p>
<p><a href="http://efinancialbroker.com/forum.php" target="_blank">Broker to Banker Financial Forum</a></p>Link to: Private Money for Real Estate Transactionstag:realestatefinance.ning.com,2015-04-06:6517464:BlogPost:2245262015-04-06T19:10:43.000ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmith
<p><b> </b></p>
<p><b><a href="http://superjumboloans.info/index.php/private-money-loans-real-estate-investment-properties/">http://superjumboloans.info/index.php/private-money-loans-real-estate-investment-properties/</a></b></p>
<p><b> </b></p>
<p><b><a href="http://superjumboloans.info/index.php/private-money-loans-real-estate-investment-properties/">http://superjumboloans.info/index.php/private-money-loans-real-estate-investment-properties/</a></b></p>Link for Jumbo Mortgage Ratestag:realestatefinance.ning.com,2015-04-06:6517464:BlogPost:2245142015-04-06T04:05:31.000ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmith
<p>h<a href="http://superjumboloans.info/index.php/jumbo-mortgage-rates/">ttp://superjumboloans.info/index.php/jumbo-mortgage-rates/</a></p>
<p>h<a href="http://superjumboloans.info/index.php/jumbo-mortgage-rates/">ttp://superjumboloans.info/index.php/jumbo-mortgage-rates/</a></p>Linkedin group on financingtag:realestatefinance.ning.com,2015-04-01:6517464:BlogPost:2236762015-04-01T15:24:20.000ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmith
<p>Good Morning, I'd like to get you to join the linkedin group for super jumbo loans, and provide your comments to the discussion on " The challenges of financing today"</p>
<p> </p>
<p>see the link below, hoping you can add your views and commentary to the discussion.</p>
<p> </p>
<p><a href="https://www.linkedin.com/groups/Super-Jumbo-Loans-High-NetWorth-8269274/about">https://www.linkedin.com/groups/Super-Jumbo-Loans-High-NetWorth-8269274/about</a></p>
<p> </p>
<p>Good Morning, I'd like to get you to join the linkedin group for super jumbo loans, and provide your comments to the discussion on " The challenges of financing today"</p>
<p> </p>
<p>see the link below, hoping you can add your views and commentary to the discussion.</p>
<p> </p>
<p><a href="https://www.linkedin.com/groups/Super-Jumbo-Loans-High-NetWorth-8269274/about">https://www.linkedin.com/groups/Super-Jumbo-Loans-High-NetWorth-8269274/about</a></p>
<p> </p>