Up to 70% LTV - HELOC - No Income Verified or Taxes needed, from 3.8%

By
Mortgage and Lending with BT Capital Advisors, CEO/Senior Account Executive
No Income-Verified

Home Equity Line of Credit (HELOC)
 
No Income Verified - Verified Assets
 
Owner-Occupied, Non-Owner Occupied and Second Homes
SFR's, 2-4's and Condos.
 
620 minimum FICO
700 + FICO - first 6 months starting at 3.8% interst only.
 
Loan amounts from $150,000 - $1,500,000.
 
70% LTV to $1,000,000 loans outstanding (including new HELOC)
50% LTV to $1,500,000.

5.50% interest only start rate. 10 year draw period, 20 year amortization.
1 floating over WSJ Prime in 1st position
or 
6.50% interest only start rate. 10 year draw period20 year amortization.
2 floating over WSJ Prime in 2nd position or paying off liens. 
 
Maintain a deposit account with the Bank and reduce your rate up to .5%
 
Available in: CA, MA, TX, IL, GA, NV, NJ and NY. Other States subject to approval.
 
Fees: 2.5 points + $845 processing in a Holding Escrow.*
 
 
Requirements and Documentation:
Complete the Loan Application, leaving the income section blank, initial, sign, date and return. Provide copies of the Bank Statements (Last 2 for HELOC), Mortgage Coupon, Insurance Declaration page, 
Driver's Licence, Social Security Card, Note, Mortgage or Deed of Trust and Purchase Agreement, if purchase. We will provide a Loan Marketing Agreement and Escrow Instructions, to be fully executed and returned. Please scan in pdf format, label in order, example (1/18, 2/18, ect.) and upload all documents to a Dropbox file or email me for access to our end-to-end encrypted secure email.

HELOC: Provide the last 2 months Bank/Asset statements, all pages, showing minimum 6 months of reserves. No bankruptcies, mortgage lates, foreclosures, short sales, deed-in-lieu or loan mods on credit history in the past 5 years allowed. Borrower may open a deposit account with the Bank (FDIC insured) and enroll in auto-pay for the mortgage payment account and reduce your rate up to .5%. 

Lender Fees: Fees vary by institution, all loans have separate non-refundable cost of appraisal and credit report, +/-($550).
 
*Holding EscrowsIn most cases, a Holding Escrow Account will established in the borrowers' name with an Independent Licenced Escrow Company and funded beforehand, the account is fully refundable in the event of no close of escrow or cancellation. Southern California cash-out refinance transactions do not require funding of the escrow account. 

 

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70 ltv
no income verified assets
6 months reserves
no income heloc
home equity line of credit heloc no income verified verified assets
low reserves
5000 reserves

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Rainer
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kellie wilson
Oceanicfinance - Brooklyn, AL
We offer genuine loans to interested people at 2%

This is Oceanic-finance we offer loans to individuals and companies around the world, we are registered and licensed loan company, Do you need a loan to pay your bills? do you need a loan to start up  business ? do you need a loan to buy an apartment? we offer all kinds of loans, if you are interested in getting a loan of any kind simply Email: Oceanicfinance113@gmail.com or whats-app: +1(267)725-7570

Apr 18, 2018 06:19 AM #2
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Rainmaker
267,719

Bob Thompson, 562.344.5626 | ALT Doc, No Income HELOCs

BT Capital Advisors - Commercial & Residential
How do I Qualify and Apply for an ALT Doc Loan ?
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