Fred Price's Blog (5)

Why use the 203K Renovation loan - with the new increase in FHA Mortgage Insurance?

The FANNIE MAE Renovation will became much more attractive in 2014:
 660 MidScore.
 Up to 95% LTV based on after improved value.
 About half the monthly MI payment you see with FHA.
 No HUD Consultant Required which saves money and makes the contractors much happier and the transaction much smoother.
 Quicker closings.
Did I mention, that Investors are allowed as well?

Added by Fred Price on December 7, 2013 at 3:52pm — No Comments

Advancing Term Line of Credit for investors and small business owners!

Key Features:

• Financing from $100,00 - $500,000

• Low 1% origination fee

• Use of funds: Large and/or multiple purchased during draw period (i.e., property improvements, business expansion, purchases of large equipment/vehicles/capital assets)

• 24 month draw period followed by a ten year repayment period with a balloon payment based on a 10/25 year term

• No annual…

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Added by Fred Price on September 4, 2013 at 4:58pm — 8 Comments

Apartment Financing 5+ Units - National Bank Terms

o    Loan/Lines from $50,000 to $500,000
o    Highly competitive rates + fees
o    LTV/CLTV up to 75%
o    First or Second Lien
o    Owner-occupied or investor properties
o    Sole Proprietors, Partnerships, Corporations, LLCs
o    Property values up to $3,000,000Commercial%20Real%20Estate.pdf

Added by Fred Price on July 23, 2013 at 9:32am — No Comments

Downsize your housing cost NOW!

Flip your own house. Now is the time to renovate that property before you put it on the market in order to capitalize current market conditions...the perfect storm for your pocketbook. 

Added by Fred Price on July 9, 2013 at 1:10pm — No Comments

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