It’s designed specifically for the purchase or refinance of non-owner occupied investment properties that cannot meet Fannie or Freddie guidelines.
Highlights…
* 30 yr fixed rate.
* Unlimited cash out on cash out refi.
* Minimum 620 credit score.
* Max LTV 75%.
* No limit on number of properties financed.
* Debt to Income Ratio is based soley on cash flow of subject property!
* One year tax returns to validate rental income for subject property – No other borrower income is verified!
Loan amount limits…
1 Unit up to $650,000
2 Units up to $750,000
3 Units up to $850,000
4 Units up to $1,000,000
Please let me know if you have any other questions about this loan product.
That’s it for today.
Thanks for reading!
Brett
Do you need cash out of your home, but you don’t want to refinance the…
I wanted to address the two most common questions that I get regarding reverse mortgages……
Do you need cash out of your home, but you don’t want to refinance the…
Would you like to get cash out of your home, but you don't want to…
If you need cash out of your house, but don't want to touch your first…
I wanted to address the two most common questions that I get regarding reverse mortgages……