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Incredible Product for Investors! Actualy scenario increased cash flow 600%!

By
Mortgage and Lending with Summit Mortgage Corporation

cfsb

Colorado Federal Savings Bank

Joe Schmitz

  

Foreign Currency Mortgages

  

Foreign Currency Mortgages allow investors to leverage stable, low cost of funds from other countries which dramatically increase the cash flow on Income Properties

  

What's so great about a foreign currency mortgage?

  

•·         Very Low Interest Rates (as of Feb 4th):

•o   JPY Rate: 1.99% (must have JPY income)

•o   USD Rate: 4.28%

•o   CHF Rate: 3.79%

•o   Other Currencies available!

•·         Maximize Cash flow

•·         No Credit Report and No Fico required

•·         Flexi-currency Facility

•·         Great for U.S. Citizen and foreigners

•·         Loans available on foreign properties

•·         Unlimited Properties

•·         No Maximum Loan Amount

•·         Personal Service and Professional Advice

  

Program Highlights:

•·         Interest rate: Variable Depend on Currency

•·         Investment properties ONLY

•·         Single Family Homes and Condos

•·         Up to 30 year interest-only mortgages

•·         75% LTV, 50% DTI

•·         Higher LTVs possible with Additional Security

•·         Available with USD, BP, Euro, Chf, AUD,
NZD, HKD, CAD currencies

•·         Currency Switching Option Offered at Interest Rollover Dates

•·         Maximum 4 Changes Per Calendar Year

•·         2 Changes at No Cost

•·         Max 70% LTV for Currency Switching Option

  

  

Program Borrower Profile :

•·         Experienced Real Estate Investor

•·         Consistent Income: W-2 or S/E

•·         Provable Income

•·         Strong Reserves

•·         Strong Credit History

•·         Understanding of the Currency Markets

•·         Not Time Sensitive

  

Repayment:

•·         Principal and interest installments

•·         Interest only Mortgages

•·         Payable quarterly in arrears

Options:

•·         Purchase

•·         Refi (rate and term and Cashout)

  

Actual Scenario:

  

Loan Amount

$765,000

$788,000

  

Rents

5425

5425

  

1st Mortgage

3220

2475

3.77%

2nd Mortgage

780

0

  

Taxes/Insurance

685

685

  

Operating Expenses

435

435

  

Total Expenses

5120

3595

  

Net Income

305

1830

600%!

 

For the Service You Deserve

Call Me!

 

 

Joe Schmitz

Loan Officer

Cell: (808)783-5815 Always Available!

Office: (808)674-0633x20

Fax: (808) 674-0833

joe.schmitz@cofedbank.com

 

 

Colorado Federal Savings Bank

949 Kamokila Blvd. Suite 102

Kapolei, Hawaii 96707

 

 

Richard Perkins
R PERKINS REALTY - Stockton, CA
Hey good info here Thanks for the post and keep up the great work.
Feb 14, 2008 09:49 AM
Richard Ives
Chicago, IL

Thanks for sharing this with our group, Joe.

Have a great day!

Feb 15, 2008 06:26 AM