Financing in 07762>Question Details

Ricksterr1, Home Buyer in 07762

we need a private mortgage. where can we get legitamate info?

Asked by Ricksterr1, 07762 Mon Mar 21, 2011

30% down ... income but alimony,interest income, child support and pension, doesn't work conventionally

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George Raymondo’s answer
We are a Direct Lender with a Hard Money or Private Lending Division. But before you venture down that road, are you absolutely sure you don't qualify? You would be amazed who can qualify for a FHA loan today. FHA will allows income from several sources and is way more liberal that any conventional program. You can use alimony as long as you have a court order or judgment and documentation that you actually receive it. That goes for child support too, in order to calculated it needs to continue for a minimum of 5 years. And finally, pension income is the least of your worries. We can gross up to 125% of actual. If you can't show all your cards and make a winning hand, then of course as a last result I can offer you Private Money Financing.

George Raymondo
NMLS# 242639
http://www.AFN-Loans.com
graymondo@afncorp.com
0 votes Thank Flag Link Mon Mar 21, 2011
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