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Private Lending & Conventional Mortgage Advice

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Ferria Cunningham
  • Norfolk, VA
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ISO Creative financing for an HEI

Ferria Cunningham
  • Norfolk, VA
Posted Apr 6 2024, 19:03

I have a home owner requesting $94-139k HEI loan, structured to pay the loan when the house is sold, in 10 yrs.  House is worth around $230-240k currently. $155k left on mortgage bought in 2010 for $200k. Could someone get this woman to the right NMLS/MLO.

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Chris Seveney
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#2 All Forums Contributor
  • Investor
  • Virginia
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Chris Seveney
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Replied Apr 7 2024, 05:00

@Ferria Cunningham

It is my understanding these loans have no payments but typically follow

Much more strict LTV's, so they would not allow a borrower to exceed / go over 100% ltv

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Ferria Cunningham
  • Norfolk, VA
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Ferria Cunningham
  • Norfolk, VA
Replied Apr 7 2024, 14:14

Ok thx 

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Jacob Sherman
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#1 Rehabbing & House Flipping Contributor
  • 12 Penns Trail Suite 138 Newtown, PA 18940
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Jacob Sherman
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  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied Apr 8 2024, 09:34

What exactly is the scenario ?