1. The LEX LOC: It's a 0% interest line of credit up to 160k. The 0% lasts 6-24 months, depending on the client's qualifications. They're true forever revolving lines with no set payback term. (Can be paid back in 2 months, two years, ten years, really whenever the client wants to pay it off). THIS IS NOT CREDIT CARD STACKING! The minimum monthly payment would be 1% of the principal amount which the client uses. So, for example, if they get approved for a 150k Lex Loc and decide to use 100k, they will only make payments on the 100k they used. We charge a 10-15% fee upon completion of the funding. This fee can be rolled into the loan.
The only qualification needed to apply for the Lex Loc would be a 700+ credit score in all three bureaus. Cosigners are allowed and strongly recommended for clients who don't have the credit profile needed for the program.
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