House Poor: What It Means And How To Avoid It
There is a good chance you have heard someone described as being house poor. What exactly does it mean? It is important to understand what it means to be house poor and how you can stay away from it.
There is a good chance you have heard someone described as being house poor. What exactly does it mean? It is important to understand what it means to be house poor and how you can stay away from it.
If you are in the process of purchasing a home, it is critical for you to make sure that you budget appropriately. Unfortunately, there are a lot of people who commonly overlook closing expenses.
For the investor who owns an investment property free-and-clear and desires to leverage that property for any reason. Term Length: 13 months
For the investor who owns an investment property and is in need capital for construction. Term Length: 13 months
Single-Close construction to permanent financing. Term Length: 13-19 months Fixed Interest, Balloon Note.
Fix-and-flip loans can fund the purchase and renovation of residential investment properties. They are typically short-term and offer quick closing on non-owner-occupied properties in any condition. Term Length: 13 months
A new construction hard money loan can be used to finance the acquisition and construction of real estate properties. Term Length 6-12 months with Extension Options.
Loans offer a diverse of commercial real estate loans to meet your individual needs and investment objectives. Apartments, Office, Retail, Medical, Warehouses and industrial facilities, Hotels and resorts, and Land development.
Loans allow your clients to buy a home in a qualifying rural or suburban area for 0% down if they meet income guidelines.
Our high-balance loan offers easier qualifications than a jumbo loan, a FICO® Score as low as 620 and a loan-to-value ratio (LTV) of up to 80% on cash-out properties.
Interest Rate Reduction Refinance Loan (IRRRL): Our VA Streamline provides clients who have an existing VA loan the financial flexibility to lower their interest rate or change their term.
VA Streamline: Advantages
This no down payment loan option was created especially for your clients who are qualified veterans, service members and spouses.
This refinance option lets your clients lower their monthly payment on the FHA loan they already have without an appraisal.
Key Benefits of An FHA Streamline
This product is a great option for clients with credit scores of 580 and higher who pay a 3.5% down payment.