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All Forum Posts by: Account Closed

Account Closed has started 30 posts and replied 105 times.

Post: What is a good mortgage interest rate?

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

Take it. A year from now you will be quite happy.

Post: FHA Loan being called due for quitclaiming the deed?

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

That is a technical default. If you intend to continue to guaranty the debt after the transfer, I am sure the servicer will help you get approval for the transfer.

Post: Freddie Mac Loan Program - Excellent terms...Check it out.

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

Jared, is your company DUS-approved?

Post: Freddie Mac Loan Program - Excellent terms...Check it out.

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

Fannie and Freddie have had multifamily programs for years. Problem is that approved lenders are far between, and borrower requirements are stringent.

Post: C-Class Series Loan Product

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

Tried to email you, but the address is wrong. Would be interested in learning more of the C-Class Series program.

Richard

434-325-7229

Post: Heard of Josh Allen

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

Usually 0% interest implies equity turnover. Be careful

Post: Flip Funding up to 80% ARV and rates starting at 7%

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

Those are great terms. I am a broker. Do you need referrals? Drop me a line.

Richard

( [email protected])

Post: Unstable employment history - any recourse on getting a loan?

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

You sound like you need an asset-based purchase mortgage. This is a loan based on the value and feasibility of the property, not your income. You need a credit score of 650, but can get a 70% loan-to-value.

Contact me if you need more info.

Richard

Post: Advice on Funding Strategy to Aquire new SFH Rental Properties

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

As another option, you can look for asset-based purchase mortgages. These loans don't look at your income, only the value and feasibility of the property. They have LTVs of between 65% and 70% and higher rates. But, they are an option.

Contact me if you need more info.

Richard

Post: Fake Lender: this guy is a fraud!

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

The only funds you should pay up front are for a credit report and/ or an appraisal. Nothing else, or you are being scammed!