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Updated almost 7 years ago on . Most recent reply

User Stats

608
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70
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Doran Summers
  • Lender
  • Chicago, Il
70
Votes |
608
Posts

Big Announcement - 30 Day Seasoning on Refinances

Doran Summers
  • Lender
  • Chicago, Il
Posted

Why wait to cash out? Unlike most lenders who require 12 months seasoning We allow you to cash out on the 31st day of ownership at retail value. This is perfect for rehab to rent scenarios allowing the borrower to pay off hard money loans or unlock their equity to purchase additional investment properties.

Unlike many of our competitors, we don’t require income verification, tax returns or 4506 documentation. This keeps our process fast, simple and dependable. We do require:

  • Two forms of ID
  • Tri-merged credit report with at least two credit scores
  • Appropriate insurance
  • A title policy
  • Voided check and the down payment (for purchases)
  • Executed copy of lease (if property is occupied)
  • An electronic asset verification of last two months bank statements


Our investor loans are the fastest easiest way to purchase or refinance your
investment property - email me for more details
[email protected] or call any time 217.799.0156

47% of our loans are from repeat borrowers. Here's why buy-and-hold investors keep coming back

  • Long term 30-yr loans with no balloon payments
  • 30-Day ownership seasoning on refinances
  • No income qualification/DTI calculations
  • No tax return or 4506 requirements
  • No sourcing or seasoning of funds
  • No limit on number of loans
Www.muevoinvestments.com
Offering

Most Popular Reply

User Stats

860
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323
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Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts
Mayer M.
  • Investor
  • Cherry Hill, NJ
Replied

So I’ve done 22 cash out refis across three blanket loans with no seasoning, no points, no origination, 5-5.25% , and about $500 per refi for closing costs + appraisal fees.

I guess it’s hard to compete with that. I am always looking for new relationships though.

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