N.Y. - We have NO Income HELOCs to 60% LTV !

Mortgage and Lending with RT Capital Advisors, Inc. CEO
Stated Income Home Equity Line of Credit (HELOC) - Owner-Occupied, Non-Owner Occupied and Second Homes - SFR's, 2-4's and Condos.
620+ FICO needed. 
Loan amounts from $150,000 - $1,500,000. 
Up to 60% LTV to $1,000,000, 50% LTV to $1,500,000.

4.5% interest only start rate for the 10 year draw period, then 20 year amortization and 1 floating 
over WSJ Prime in 1st position or on free and clear properties 
5.5% interest only start rate for the 10 year draw period, then 20 year amortization and 2 floating over WSJ Prime in 2nd position. 
18% lifetime cap.
3 monthly repayment options are available.
Must provide proof of 20 months of liquid PITIA reserves.

Available in New York (except Nassau and Suffolk counties).
2.5 points fee + 845 processing in a Holding Escrow
Posted by
Bob Thompson
Chief Executive Officer
Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank niche mortgage products nationwide.
RT Capital Advisors
1 (562) 344-LOAN



Comments (2)

Mike Sasse
OfferPad Home Loans, LLC - Scottsdale, AZ
Sales Leader

Very interesting! Appraisal requirements?

Oct 30, 2015 08:13 AM
Bob Thompson 562.344.5626 Alternative Documentation

Yes the Bank needs an appraisal +/- $500 ! It closes in about 30-45 days ! 

Oct 30, 2015 11:10 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Bob - These stated income HELOC programs can help homeowners.

Oct 30, 2015 09:35 AM