Financing in 91791>Question Details

Frustrated In…, Home Owner in 91791

Is there a new refinancing program available for investment property in Florida, balance owed on home is more than the home is worth?

Asked by Frustrated In Fl, 91791 Thu Jul 12, 2012

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Dominique Wilder’s answer
We do business loans for our clients that are currently in business or wanting to get started in business. Real Estate investors are in business therefore they are able to obtain a business loan. Depending on your goals one program we offer may benefit you. We offer a no document business loan, no collateral on the property as it is a business loan and you are able to finance 100% or more. Many of our investors finance the repair/upgrade costs into the loan. The loan is based completely on your credit. You must have a 620 or above to apply. Some of the factors we consider is the length of your credit history, how much available credit, how many recent accounts have been opened etc. We need to prove your ability to repay the loan based on your personal credit. You are welcome to contact me anytime with questions.

Dominique Wilder
Universal Acceptance
0 votes Thank Flag Link Sat Jul 28, 2012
You also need to have the house on your Schedule E.
0 votes Thank Flag Link Fri Jul 13, 2012
You may qualify for a HARP 2.0 refinance if the mortgage is owned by Fannie Mae or Freddie Mac.
Check http://HarpSupport.Com for more details and links to find out who owns your mortgage.
Web Reference: http://HarpSupport.Com
0 votes Thank Flag Link Thu Jul 12, 2012
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