I have a loan type I like to call the Cocoa Beach Florida loan-- It's an Asset Based loan where the borrower doesn't need a source of income. It's probably one of the easiest loan types i've ever completed, if you're looking for something similar, I notice the typical demographic is retirees & those who recently sold a property. There are 2 types of these asset-based loans: 1) Assets Only loans: 🔯Qualify when Assets > Loan amount + 60 months net loss on other owned properties 🔯NO DTI Calculated 🔯Best used for individuals with heavy debts on their credit report that couldn't qualify with Asset Allowance 2) Asset Allowance Loans: 🔯Qualifying Assets / 60 months (No distribution needed to be set up) 🔯DTI max of 50% 🔯Best used for individuals with low debts on their credit report who may want to mix this program with their Social Security or W2 job *NOTE: Both loans can go to 6 million loan amount on-sheet. If you're coming across something similar, just let me know. #nonqm #nonqmloans #Wholesalelending #JumboLoans Call/Text/Email 📞 (858) 519 - 5768 📨 Kwilson@fundloans.com IG: @MyGuyKai.W
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Are interest rates the be all and end all? In the wise words of the world's most down-to-earth multi-billionaire - Warren Buffett - price is what you pay, value is what you get. You might see loans out there with relatively low interest rates. These are usually no-frills loans that you may find restrictive later on. Some lenders will reserve their lowest interest rates for their lowest risk customers. So if you work in a certain industry, or you have an impeccable credit history with a hefty deposit, then perhaps you'd qualify for a super low rate. Speak to us if you want help deciphering the various loan products. We're here to help you find a loan you can live with! #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
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Realtors, are your clients worried they can't qualify for a USDA loan due to little or no credit history? 🏡 Help your clients discover how to navigate the USDA loan process with limited or non-traditional credit. We can review their options and see how they can use alternative credit accounts, such as utility bills or rental payments, to establish their creditworthiness. Here’s what they can use to qualify: ✅ Utility bill payments (electric, water, phone) ✅ Consistent rental payment histories ✅ Any regular payments such as insurance premiums or school tuition Understanding USDA guidelines for credit history requirements is crucial, and we’re here to clarify these for your clients. Qualifying for a USDA loan may seem challenging, but with the right guidance, you can empower your clients to make it happen. Encourage them to reach out to us for pre-qualification or an expert second opinion on their current USDA loan application. 💪 📲 Call/Text 863-593-2001 #USDALoans #MortgageBrokers #MortgageLoans #TampaRealEstate #TampaRealtor #MovingtoFlorida #SebringFl #Florida #Texas #Alabama #Tennessee #TennesseeRealEstate #TexasRealtor #FloridaRealtor #MetroplexMortgageServices | Equal Housing Lender | NMLS 185264
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Current interest rates.... #interestrates #homebuying #homeloans #florida #floridabeaches #floridaliving #funinthesun #love #condoliving #vacationrentals #vacationhome #carlasilanorealtor Conventional loans: 6.625% FHA : 5.625% VA: 5.5% USDA: 6.75%
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ARE THERE ANY BENEFITS OF USING A PRIVATE LENDER? Below is a real-life scenario showing how a private lender were able to help this client with equity release. Client Scenario: This borrower needed funds to pay out their ex-partner in their residential property and clear debts. Client Solution: Funding provided them with a financial solution and were able to provide them with the funds they needed. Ensuring the borrower was able to resolve their situation seamlessly without any hassle. Borrowing Amount - $448K Borrowing Entity - Single Owner Location - Mount Coolum QLD 4573 Security - First Mortgage Loan Term - 3 Months Exit Strategy - Sale of Property Approval Time - 3 Hours Have a similar situation, where fast finance is needed? Speak to our team about a bridging, business or building loan. Loan Market - South West Commercial Finance Broker - Matthew Stack - 0423 237 242 matthew.stack@loanmarket.com.au #loanmarket #commercialproperty
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ARE THERE ANY BENEFITS OF USING A PRIVATE LENDER? Below is a real-life scenario showing how a private lender were able to help this client with equity release. Client Scenario: This borrower needed funds to pay out their ex-partner in their residential property and clear debts. Client Solution: Funding provided them with a financial solution and were able to provide them with the funds they needed. Ensuring the borrower was able to resolve their situation seamlessly without any hassle. Borrowing Amount - $448K Borrowing Entity - Single Owner Location - Mount Coolum QLD 4573 Security - First Mortgage Loan Term - 3 Months Exit Strategy - Sale of Property Approval Time - 3 Hours Have a similar situation, where fast finance is needed? Speak to our team about a bridging, business or building loan. Loan Market - South West Commercial Finance Broker - Matthew Stack - 0423 237 242 matthew.stack@loanmarket.com.au #loanmarket #commercialproperty
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Team Loan Officer at PrimeLending, A PlainsCapital Company, NMLS 969716, PrimeLending NMLS: 13649
🏡🔑 Unlock the door to homeownership with USDA loans with $0 down! Connect with me today to see if you qualify. #Homeownership #USDALoans #ZeroDown #DreamHome
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Loan Officer at PrimeLending, A PlainsCapital Company, NMLS: 442570, PrimeLending NMLS 13649
🏡🔑 Unlock the door to homeownership with USDA loans with $0 down! Connect with me today to see if you qualify. #Homeownership #USDALoans #ZeroDown #DreamHome
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Team Loan Officer at PrimeLending, A PlainsCapital Company, NMLS 400220, PrimeLending NMLS:13649
🏡🔑 Unlock the door to homeownership with USDA loans with $0 down! Connect with me today to see if you qualify. #Homeownership #USDALoans #ZeroDown #DreamHome
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Want to qualify for a USDA loan? Here are 7 steps to help you navigate the process and secure your dream home with ease. 🏡✅ #USDALoan #HomeLoans #MortgageTips #HomeBuying
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Want to qualify for a USDA loan? Here are 7 steps to help you navigate the process and secure your dream home with ease. 🏡✅ #USDALoan #HomeLoans #MortgageTips #HomeBuying
