gives life time opportunity loans to pay off your bills personal and debts
and to start your own business to private companies and individuals at a
rate of 2%. So contact us today via emails,email@example.com
LOAN APPLICATION FORM:
Have you applied before?
E-mail: interest rate 2% per year.
I am a private loan lender willing to lend out loans interest rate 2% within the amount of $ 10,000 to 1,000,000 euros, the loan offer, I offer loan to all categories of people who need a loan.I very cheap loans and moderate rates. I am a certified and the lender recorded. You should contact me This e-mail: firstname.lastname@example.org
This information is needed from you if you are interested
thank await your urgent response
Mr. Barry Brown
As with most lending situations, your first step should be to find a lender you trust and with whom you are comfortable, then discuss your entire financial situation with that person.
Being a numbers guy, I took the opportunity to look at eight jumbo lenders with which we deal, to see what they offered. 7 or the 8 only went to $2,000,000. Of those, the highest Loan-to-Value (LTV) offered was 80% (offered by 2 of the 7), with a minimum credit score of 720.
The one lender which offered a $3,000,000 loan (applicable to your $2.7MM request) only went to 65% LTV.
I do have a lender which specializes in Jumbo loans and they will go to 90%, but only get there by requiring you to pledge assets. These assets can be left where they are, while being used as security for your loan. They are quite progressive in how they underwrite, so this may be your best bet for a 90% loan.
Then, we turn to your short sale. This is a MAJOR derogatory item to most lenders, for obvious reasons. It may not be a deal killer at 3 years, but it will definitely be a factor in whether you get approved or not. Lenders are not inclined to lend to people whom have already shown they may walk out on the home, so you will need to provide a great reason for having done so. And, the list of "acceptable" reasons is VERY short.
Then, you and your lender will need to address a myriad of other factors: Reserves--does not sound like a problem, but some lenders require 12 months payments; Debt-to-Income ratio (DTI)--again, does not seem to be a problem, as the payment on your loan would only be about 10% of your income, but business people seem to have a major tendency to overstate their income vs. what an underwriter will determine to be income (borrowers like to state the highest possible, gross income amounts, while underwriters will reduce it by business expenses, look at the lowest amounts if declining income, etc.).
As always, the real answer is not going to come from this forum. Find a very experienced loan officer (DO NOT go with lowest rate, or accept your fate if you do) and work with that person to accomplish your goal.
For recommendations, go to LinkedIn: http://www.linkedin.com/in/billparkercpa
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Bill Parker, CPA*
Like the other answers from the previous agents, you would definitely need to speak to a lender, they can give you all the pertinent information you will need to make the best decision for you financially. If you would like some recommendations for lenders, I would be happy to give you some. I work with very reputable lenders that have all sorts of options.
Please contact me if you would like to discuss things.
Az Elite Properties