Q = What are the terms?(A) The ATLOC will have a twenty-four (24) month draw period, after which time any balance will convert in month twenty-five (25) to a Prime-based variable interest rate 10/25…Continue
Cash is always king, but at times when you tie up all your liquidity in the purchase you may not be able to recover your cash until the property is rehabbed and sold.Our FANNIE MAE Purchase &…Continue
Investors Improve their "Local Real Estate Market" - We are seeing an improvement in the local market that isn't necessarily being made by the "Big Investment Companies" or the "Cash Investors" that…Continue
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National Lender offers Purchase and Renovate Distressed Properties for Investors to rent or flip.
Investors Improve their "Local Real Estate Market" - We are seeing an improvement in the local market that isn't necessarily being made by the "Big Investment Companies" or the "Cash Investors" that use Hard Many to flip properties,
Our National Bank Specializes In Renovation Lending for Small Individual Investors who finance the projects with "conforming rates and terms" to leverage their credit and maximize their profit!!
ALSO FOR HOME OWNERS:
A home improvement loan can help you pay for simple jobs or more complex remodeling to renovate your home. Financing may be tax deductible (consult your tax adviser on the deductible of interest). Also, the monthly payments are typically lower than credit cards or personal loans because the cost is spread over the entire length of your loan.
Perhaps you’d like to: Update a home’s features or enjoy more living space while remaining in a familiar neighborhood. Make a home more accessible or create a separate living area for another family member. Personalize your home to fit your lifestyle by putting in a pool or adding an attic bedroom. Buy a foreclosure or a short sale and plan improvements to make the home fit your needs and tastes.
Give me a call today! (321) 368-5564
The FANNIE MAE Renovation will became much more attractive in 2014:
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.
Did I mention, that Investors are allowed as well?
• 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…Continue