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loan: Financing REO projects in 2012 - 01/05/12 08:53 PM
We are still faced with the best real estate opportunities of a lifetime - and amazingly there are even getting better! As sad as it is to say, the economic malaise continues to serve us very well.
FOCUS ON RENTAL VIABILITY
Because resale markets remained weak (and rental markets strong) during 2011, we started assisting developers with refinances to convert rehabbed properties to rental properties rather than wait for the re-sale. This way we were paid back, and developers could cash out and move on to the next project. Long-term rental viability is therefore now more important than resale value - which is why we prefer 2,3,4-family … (2 comments)
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loan: ARMs a good option now - Helocs - fix-flip $$ - 12/24/10 05:40 PM
December 23, 2010 Not legible? Read as web page
ARMs are well-priced at the moment...relative to fixed rate loans, and as long as the Fed keeps supporting short-term rates, should be considered under the right circumstances. See below... /// Rates keep trending up, now approaching the 5% mark. /// I continue to have Fix-Flip partnership funding available. Request a quote for your scenario here (Up to 100% of cost). /// Happy Holidays! - Paul
Adjustable Rate Mortgages (ARMs)There is a natural attraction to the 30-year fixed rate loan because of long-term rate security, and because - well - that is what most people choose. In addition, ARMs are still getting … (2 comments)
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loan: 12 months of credit crisis - Prequal, prequals, prequals - Heloc cutbacks - 08/11/08 08:44 AM
Helocs limits reviews. Some lenders are reviewing Heloc credit limits. In the face of declining real estate values and economic uncertainties this is understandable. Anybody who plans to take advances in the near future to a high overall loan to value may want to take the funds out now to prevent being surprised by a reduction in credit available.... Paul
Long term rates flat
Freddie Mac the 30-year fixed averaged 6.52% with an average 0.7% for the week ending August 7 (but increased August 8), unchanged from last week when it averaged 6.52%. Last year at this time, the 30-year fixed averaged 6.59%. Freddy Mac … (0 comments)
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