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Updated 11 months ago on . Most recent reply

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Ferria Cunningham
  • Norfolk, VA
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ISO Creative financing for an HEI

Ferria Cunningham
  • Norfolk, VA
Posted

I have a home owner requesting $94-139k HEI loan, structured to pay the loan when the house is sold, in 10 yrs.  House is worth around $230-240k currently. $155k left on mortgage bought in 2010 for $200k. Could someone get this woman to the right NMLS/MLO.

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Ferria Cunningham

It is my understanding these loans have no payments but typically follow

Much more strict LTV's, so they would not allow a borrower to exceed / go over 100% ltv

  • Chris Seveney
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