assetbased loans: No Qualifying Income? Consider an Asset Based Loan That Needs No Income
- 02/18/15 02:29 AM
No Qualifying Income? Consider an Asset Based Loan That Needs No Income This situation doesn't come along often. But I had a recently-retired couple contact me for assistance on a Refinance loan. They also hoped to buy another property. The problem that arose was: They had no ability to show sufficient current income. Well, at least in the traditional sense. But the good news for this couple was: There's a Mortgage loan option available to them. Now I know that this reading this will set some alarms off. But the Mortgage loan … (13 comments)
assetbased loans: Asset-Based Lending. Do You, or Your Clients, Have a Lending Need that Has Become Something Like Trying to Fit a Round Peg Into a Square Hole? Contact Me ...
- 03/29/11 06:54 AM
Do you, or a client, have a Chicagoland lending need that is a little out of the ordinary? Something you consider "niche"? Has finding a mortgage lender and a mortgage program in Chicagoland to address those financing needs become something like "trying to fit a round peg into a square hole"? Are you, or your client: A contractor involved in commercial rehabbing? An investor that holds multiple properties? Someone involved in a Charitable Organization? A member of a church in need of more space? A hospital board member looking to future expansion and needs? A Governmental … (2 comments)
It's September. As history will tell us, it's typically the Stock Market's worst month. However, there's been nothing "typical" about this last year or so, in terms of "the markets". Ben Bernacke states that the worst of times are behind us, and that the indicators bear that out. Whether or not that's true, time will tell. I personally feel that the Economy cannot truly experience a recovery until the Real Estate Markets and property values make a steady and sustainable improvement. My fear is that unemployment and decreasing earnings will continue to get in the way of that and we will see "see-sawing" … (6 comments)
If you're an investor, or work with those in the investment and commercial arena, you've probably felt quite limited in financing opportunities as of late. To say that lending institutions have "clamped down" on the availability and opportunity for this type of lending, is an understatement to say the least. Finding and obtaining an old-fashioned strict investment loan is near impossible for many in or thinking of entering this market. For those that have found the above true and find that their banks or lending institution will not finance or refinance a property they hold due to its latest/lower property appraisal, present inadequate … (0 comments)
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