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Hard Money Loan – Lowest Rate – 2017 – Programs

South Florida based, Capital Funding Financial offers 7 of the Best Non-Conventional Financing Programs in 2017 for Real Estate Transactions.

Attention real estate investors who are sick and tired of losing deals due to the strict underwriting criteria in place with conventional financing… This is the solution! Capital Funding Financial is a Florida licensed financial specializing in alternative non-conventional and asset-based financing. No more waiting 45-60 days on a bank to obtain financing or getting turned down for a purchase or refinance due to a high debt to income ratio. Capital Funding Financial has put together 7 of the best programs for every borrower’s circumstance. Capital Funding will close with non-conventional financing in as little as 7 days by simply basing the decision off the asset value. Additionally, Capital Funding offers an alternative non-conventional programs with low rates and faster underwriting versus using a conventional bank.

Here are the 2017 Non – Conventional Financing & Real Estate Investment Programs:

1. Traditional Hard Money/No Docs Program

• 9 – 10% Rate with 2-3 Point • 1-3 Year Term Interest Only w/ Balloon • Non Owner Occupied/Business Use/Investment/Commercial Properties • Up to 65% LTV off Purchase Price or Appraisal (if Refi) • 3-6 Month Prepay • Quick 7 day closing – No Docs, No Bank Statements, No Income Verification – • Lender’s Title Policy & Appraisal Required

2. Bank Statement (Personal or Business) Program

• No Tax Returns/Transcripts Required • Bank Statement Deposits Used To Qualify • 24 Months Bank Statements (Personal Or Business) • Up To $2 MM • Credit Scores Down To 620 • Rates Starting In The Low 5’s • Personal To 90% LTV (No MI), Business To 80% LTV • DTI Above 35/43 Considered With 660+ Credit Score • Owner-Occupied, 2nd Homes, Investment Properties • 2 Years Seasoning Foreclosure, Short Sale, BK, DIL • Non-Warrantable Condos Considered • 5/1 ARM Or 30-Year Fixed • Gift Funds Allowed • No Pre-Payment Penalty For Owner-Occupied And 2nd Homes • SFRs, Town homes, Condos, 2-4 Units

3. Investor Cash Flow Program

• No Personal Income Used To Qualify • Qualification Based On Property Cash Flow • 2 Years Seasoning Foreclosure, Short Sale, BK, DIL • Credit Scores Down To 660 • Rates Starting In The Low 6’s • Up To 75% LTV (Up To 80% NOO On Other Programs) • No DTI Restrictions • 5/1 ARM Or 30-Year Fixed • Must Have Housing History And Own A Primary Home • SFRs, Town Homes, Condos, 2-4 Units • No Limit On Number Of Properties Financed • Up To $1 MM (Minimum $75K)

4. Non-Prime Program

• 1 Day Out Of Foreclosure, Short Sale, BK, DIL • Rates Starting In The 5’s • Up To $1 MM (Over $1M Case By Case) • Credit Scores Down To 500 • Up To 85% LTV With No MI • 100% Gift Funds Allowed • DTI Up To 50% Considered • Owner-Occupied, 2nd Homes, Investment Properties • 5/1 ARM Or 30-Year Fixed • No Pre-Payment For Owner-Occupied And 2nd Homes • SFRs, Town homes, Condos, 2-4 Units • Seller Concessions To 6% (2% For Investment) • Non-Warrantable Condos Considered • Up To 100% Investor Concentration Allowed

5. Portfolio Program

• Rates Starting In The 4’s • Up To 90% LTV With No MI • 2 Years Seasoning Foreclosure, Short Sale, BK, DIL • Up To $2 MM (Minimum $75k) • Credit Scores Down To 620 • Cash Out For Reserves OK • Gift Funds Allowed • DTI Up To 50% Considered • Owner-Occupied, 2nd Homes, Investment Properties • Interest Only Program Available • 5/1 ARM Or 30-Year Fixed • No Pre-Payment Penalty For Owner-Occupied And 2nd Homes • SFRs, Town homes, Condos, 2-4 Units • Seller Concessions To 6% (2% For Investment) • Non-Warrantable Condos Considered • Up To 100% Investor Concentration Allowed

6. Foreign National Program

• Up To 75% LTV (Purchase Or Refinance) • No USA Credit Required • 12 Months Reserves Required • Reserves Can Remain In Foreign Account • DTI Up To 50% Considered • Fewer Country Restrictions • No SSN Or ITIN Required • SFRs, Town homes, Condos, 2-4 Units • Non-Warrantable Condos Considered • ARM Or 30-Year Fixed • Up To $750k (Higher Amounts Case By Case)

7.…

Hard Money Mortgage Notes, Loans, & Investment Secrets

Purchasing a home of their own is always the dream of every person, and n2everyone tries to make it happen sooner or later. If they don’t have enough cash to purchase the house outright, then they have an option of taking a mortgage. A mortgage is a loan taken by keeping a property as a collateral. It means that the even though you are the owner of that property, the bank which lends you the amount has a right to take possession of it of you failed to repay the mortgage loan. When you repay the mortgage loan in full, you regain all the rights to your house. Florida hard money lender

There is a very close relation between a mortgage and finance of a person.Generally, mortgage loan constitutes a large part of the credit of any person.Therefore, it affects many other things related to the financial position of that person. Credit score of a person is one of the important aspects which can get affected due to the mortgage loan and your repayment of that loan. As you all must be aware of the concept of credit score means your capacity to repay the debts taken by you. So when you take a mortgage loan, your credit score automatically goes down as you have used a large part of your loan payment capacity. Low n1credit score means you may have to face problems if you want to take a new loan.However,it is possible to recover your credit score by following certain guidelines. Florida hard money loan

How to recover your credit score after you have taken a mortgage loan?

  • You have to remember that it will take some time for your credit score to recover depending on the amount of the mortgage loan you have taken.
  • You have to ensure that you are making the payments towards your mortgage loan regularly without fail. If you miss some of those payments, then it is possible that your credit score will go further down.
  • It is also important to make sure that you don’t apply for another loan after a short interval of taking a mortgage loan. This will affect your credit score badly.
  • Building the credit score is a continuous process and you just have to ensure that you are making your repayments on time and you will definitely have a good credit score.

Although it is a fact that taking a mortgage loan makes your credit score go down, but at the same time, it also helps you have a good credit score. Capital Funding Financialn4When you are eligible for a mortgage loan, it is considered that you are a trustworthy borrower and therefore more lending institutes are ready to offer you loans. So as you can understand, if you take a mortgage loan and repay it quickly, your credit score will benefit from it and ultimately you will benefit from it. So don’t be afraid of taking a mortgage loan irrespective of the large amount. If you repay it on time, it will make you a good credit risk for every lender.