HELOC - No Income Verified - Verified Assets - to 70 % of value (LTV)

By
Mortgage and Lending with RT Capital Advisors, Inc. CEO

(NIVA) 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+ FICO needed. 
  • Must provide proof of at least 12 months of PITIA reserves.
  • 700+ FICO 3.88% rate for the first 6 months.
  • Loan amounts from minimum of $150,000 - $5,500,000.
  • 70% LTV to $1,000,000 loans outstanding (including new HELOC), 60% on primary.
  • 50% LTV to $5,500,000.
  • Interest only start rate for the 10 year draw period, 20 year amortization. 1 floating over WSJ Prime in 1st position on free and clear properties
  • Interest only start rate for the 10 year draw period, 20 year amortization. 2 floating over WSJ Prime in 2nd position.
  • Reduce rate by .5% for the life of the loan when you take an initial draw of $50K, maintain balance for 6 months, open an account at the Bank and choose auto-pay.

 

Available: CA, NV, WA, IL, GA, MA, NJ and NY.

Fees: 2.5 points + $995 processing at the close of 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 (0)