Updated about 18 years ago on . Most recent reply
100% CLTV No Credit Check
Here's a situation that I have recently been presented with. I spoke to a private lender that's willing to do 65% LTV on residential or commercial with no credit check. I asked this private investor if he would allow 35% Seller financing creating 100% Cltv no credit check.
Granted this is expensive money 12 to 13% on the first lien but, I turned to the MLS and ran a report of high end properties that had been on the market for and extended period of time and the sellers have already expressed a willingness to allow creative financing. WOW! after contacting them, to my supprise a large number of them were willing to explore this type of transaction. I may have tapped into a new income stream. 100% Loan No Credit Check.