This is a great program for those of you wishing to accumulate rental properties, or add a vacation home in some exotic local.
This program will lend up to 90% loan to value ratio on non owner occupied property.
One key thing to know about this property is that it does require 6% reserves. That is 6% of the aggregate unpaid principal balance.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
Did you know we have a mortgage program that doesn’t require any income documentation when…
Did you know even if you have “challenged” credit you can still get a low…
If you receive money from the State or a County sponsored organization for providing foster…
I wanted to address the two most common questions that I get regarding reverse mortgages……
If you purchased a home using your own cash, and now would like to pull…
I wanted to let you know we have a 2% to 5% downpayment and closing…
