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- Our typical loan allows you to borrow 70% of AFTER REPAIRED VALUE and pay only 1.25% per month. However, if you have a higher than average credit score you might qualify for one of our expanded programs ...
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- DEFER YOUR PAYMENTS FOR 6 MONTHS
- Interest rate will be slightly higher, but this plan will allow you to pay for your costs from your profits, not your pockets.
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- BORROW UP TO 100% of AFTER REPAIRED VALUE
- If your project or property will necessitate that you borrow more than the traditional 70% of after repaired value, this program may be right for you.
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- 24 MONTH LOAN
- The perfect option to tackle that rehab project that might take a while to complete. Bid on that property that you may not have time to get to right away.
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- Standard Program Consists of:
- * 10% Origination Fee
- * Interest only - 1.25% per month
- * 70% Loan to Value
- * 1 year balloon note
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- Options Include:
- * 6 month deferral of payments
- * Up to 100% LTV
- * Up to 24 month loans
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- What we will need to approve your loan:
- * Tri-merge credit report
- * Loan application
- * Sales Contract
- * Copy of driverís license & social security card
- * Proof of insurance (before closing)
- * List of repairs to be made, with costs
- * Signed borrowerís authorization form
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