| |
No Doc 70% LTV Results in $50,000 Profit for Borrower
Even with 740+ credit scores a real estate investor looking to purchase, rehab and sell a property was unable to secure financing. ACC Mortgage provided a No Doc, 70% loan-to-value deal. Within 6 months the borrower had rehabbed the property and sold it, resulting in a $50,000 profit.
|
|
|
|
Can You Say Bottom?
Mon, 04 May 2009 21:00:09 +0000
Back in the summer of 2005 I accurately predicated that the real estate market had reached its peak. My opinion was based on the fact that the largest growth in the purchase market was predicated on the fact that most people buying homes during that time were the least sophisticated buyers. The lending [...]
|
|
