Question
My buyer is under contract to purchase a Single family Investment property for $440,000.00 with 15% Down, the property has no kitchen at all, it is a foreclosed home. His bank is telling him they cannot finance this property if it doesn’t have a kitchen. Can you help?
Answer
Yes, one of the fifteen lenders we work with allows us to finance your buyer and the property with only the space for a kitchen.
Question
My buyer is moving to Miami to work at the local University, they would like to move into the home a month prior to starting work at the University so they wouldn’t have to rent.
Can you help?
Answer
Yes, we have a loan program that will allow us to finance your buyer using their work contract, and close on the home a month prior to starting work.
Question
I have a clients who are empty nesters and want to put a contract on a million dollar condo, but the lender says they need to sell their current home to qualify for the new purchase, they have lived in their home for many years and the mortgage balance is 50% of the home’s value.
Can you help with this scenario
Answer
This situation is becoming more common as people get closer to retirement and want a simpler lifestyle without the hassle of maintaining a large family home. We have a loan program that will allow us exclude the debt from the current residence if the client has at least 20% equity in their current home.