Emporium TPO’s Post

✅ No Income, No Employment verification loans for Owner Occupied. ✅ DSCR and No Ratio for Investment properties up to 8 units. ✅ ITIN up to 85% LTV for Owner Occupied. Up to 80% for investment properties. ✅ Alt Doc (P&L only, 1099, WVOE, bank statements) ✅ Foreign National loans. ✅✅ Transferred Appraisals are Ok ✅✅✅ Competitively priced!

Time for a Financial Check In: Division 7A Loans & interest rate rises Is it the right time to engage with your accountant and advisors to review your loans? From 1 July 2023 the Division 7A interest rate has increased from 4.77 per cent to 8.27 per cent, with the possibility that the rate will increase even further. This provides an opportunity for you to meet with your advisors to review the loans you have in place and strategise around the best approach to dealing with this period of increased interest rates. Read more: https://lnkd.in/gcwmZYfr #div7aloans #interestrates

Agents: There is a misconception that allowing a buyer to assume a loan will not work if your seller has equity (purchase price - loan balance). Allow the buyer to assume the loan (or subject to). And for the equity the buyer makes a downpayment to cover commissions and you creatively negotiate a pay back plan for the balance. The deal is now both loan assumption/subject to and seller financing the equity. If you have a situation that is more complicated than Option A or Option B - send me a DM and maybe I can help.

https://lnkd.in/eVDt8uda Avoid personal loans which include "expensive" terms such as balloon payments.|This is fast money, they have interest that you have to return on your next salary ### END blogContent ###### START socialContent ### Avoid personal loans which include "fancy" terms such as balloon payments.} Required documents are collected, the final decision is a matter of a day or 2. While they make actions to minimize the dangers by verifying the capability of the customer to pay back the loan, they do give loans to bad credit debtors, as they make most money from sub-prime loaning portfolios, because bad credit individual loans have greater interest rates and costs. In addition, you should anticipate longer application processing times compared to prime loan applications, as loan providers will need to validate your monetary stability

Collate your information In order to apply for finance, you will need proof of your current income, employment and your assets as well as all liabilities including debts, loans, rental payment, outstanding credit card obligations and any other due payments, for example, buy now pay later commitments. Collate these and also any paperwork that helps support your personal position. For example, if you have been a long-term tenant, get a 12 month tenancy statement that proves your capacity to make regular repayments. Before applying for a loan, minimize your current debt load, and if possible, reduce the limit on, or cancel any credit cards you have, as this is perceived by lenders as potential for debt. It is strongly recommended that you have a fully assessed pre-approval before you start your search. This will allow you to know what your financial limits are so that you can make an offer when you’ve found a property you like

Hard money loan = Cash for your Fix and flip proyect. Purchase + Renovation 70% LTV 11% Interes rate Closing in 10 days 5 % Closing cost, estimated. Requeriment: *Bank stament showing funds for Down + Closing cost. *ID. *LLC information. *No income verification. *No credit score *No prepay penalties. *No appraisal.

Hello Connections, Here with another knowledgeable insight. As we see there is now posts going on as to not take loan and invest the same sum of money 💵. But what about the person who have already taken the loan Should he Repay it? 🔁 Or Feel bad and continue the loan😿. So, the ultimate funda is if you are in the 1st half of your loan period do repay it (Considering the availability of funds) and If the 2nd half don't repay it. But why so❓❓ ❓ Let's understand by an example. Loan amount = Rs 10,000 Loan tenure = 10 years Interest rate = 10% Year | Principal Repaid | Interest | Balance Loan 1 1,000 1,000 9,000 2 1,000 900 8,000 3 1,000 800 7,000 4 1,000 700 6,000 5 1,000 600 5,000 6 1,000 500 4,000 7 1,000 400 3,000 8 1,000 300 2,000 9 1,000 200 1,000 10 1,000 100 0000 Here if we see in the 1st, 5 years the total interest paid is Rs 4,000 (75%)🤑 Whereas in the balance 5 years the total interest paid is Rs 1,400 (25%) The simple conclusion is during the initial 50% tenure of loan period you are actually paying the higher interest amount, to say it in other way for the entire loan period the interest is actually paid in the 1st half of loan period. Hence if you are in 1st half of loan period you can go for repayment 💰

Finance (or refi!) multiple properties under one loan. Taking advantage of a blanket loan (aka cross-collateralization) allows for a simpler loan process and less money spent on closing costs.

Finance (or refi!) multiple properties under one loan. Taking advantage of a blanket loan (aka cross-collateralization) allows for a simpler loan process and less money spent on closing costs.

Collate your information In order to apply for finance, you will need proof of your current income, employment and your assets as well as all liabilities including debts, loans, rental payment, outstanding credit card obligations and any other due payments, for example, buy now pay later commitments. Collate these and also any paperwork that helps support your personal position. For example, if you have been a long-term tenant, get a 12 month tenancy statement that proves your capacity to make regular repayments. Before applying for a loan, minimize your current debt load, and if possible, reduce the limit on, or cancel any credit cards you have, as this is perceived by lenders as potential for debt. It is strongly recommended that you have a fully assessed pre-approval before you start your search. This will allow you to know what your financial limits are so that you can make an offer when you’ve found a property you like