Wednesday, January 2, 2008

New Products!

Just when I thought the blog was shutting down while the new webpage gets put together, two awesome new products that deserve some attention:

1) 90% stated income for purchase: While this does need high credit scores to qualify, there are a lot of people whose returns don't necessarily show a profit. Traditionally, stated income products for these folks have been capped at 75 or sometimes 80% loan-to-value. Coming in at 90% is a game changer for those who are looking to buy an office building or retail space.

2) 85% LTV acquisition-rehab: when it comes to buying multi-family investment property, there are usually going to be some property rehabilitation needs. These loans combine the rehab financing along with the purchase, at an oustanding loan-to-value ration. Additionally these loans are amortized over 35 years!

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