Refinance today for a better rate! 2-4 Units

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Refinance today for a better rate! 2-4 Units

First Time Investor is a borrower who has not owned at least one investment property for at least 6 months any time in the past. First Time Investors are eligible with a 5% LTV reduction. First Time Investor must have minimum 12 months mortgage rated on their current primary residence. Does not apply to Foreign National borrowers.

Highlights:

• No Employment or Income listed on 1003. 4506-T and Tax Returns are not required.

• Loan Qualification is based on Debt Coverage Ratio (DCR) for the subject property, not Debt to Income Ratio.

• Unlimited number of financed properties outside of International Mortgage financing (except for Foreign Nationals)

. • There is no ownership seasoning requirement for Cash Out refinance as long as one original borrower remains on new loan.

• Reserve requirements for other financed properties

• Shorter waiting periods on negative credit events.

• Foreign Nationals / Non-Resident Aliens eligible.

• First time Investors are eligible with a 12 month paid as agreed history on their current primary residence.

• Cash Out proceeds from subject property loan may be used to meet reserve requirement.

• Vesting in a Limited Liability Company (LLC)

Contact us at 626.593.4225

Call today!

Jesse HernandezComment