Anybody does "no income verification,verified assets" 6%Int <1pt?
Hello,
Looking for a cash purchase on a multi unit deal and need to close in 2 weeks. DD is done and dont have time for regular financing (although eligible).
So Is there anybody in lending business that does "no Income verification, verified assets" based lending with no more than 6% pa and 1 pt max? If Yes, would like to talk.
While, I have stated my need - I know the chances may be thin, but dont want to stop trying and ask !.
(Therefore not looking for any -ve comments, but anyone who can show the way and can help to achieve this- are welcome to discuss and share leads).
Thank you all.
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
Nope only person do this is parents or relatives realistically.. most HML their cost of capital is what you want to pay for it ..
I get bank rates and today those are 6 to 6.5 with 1% but this is full doc bank rate loans.. HM is going to be more. and if your experience is less than 10 deals in a year you can plan on well over 10% and 2 points or so.
- Jay Hinrichs
- Podcast Guest on Show #222
