El Monte, CA Download Recent Transaction – Business Purpose Purchase – El Monte, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $120,000 Est Value $375,000 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Est Value 32% Loan Type Business Purpose Cash Out Amortization Interest Only due in 3 years Guaranteed Interest…
Riverside, CA Download Recent Transaction – Business Purpose Purchase – Riverside, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $113,750 Purchase Price $175,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on Purch Price 75.00% Loan Type Business Purpose Purchase Amortization Interest Only due in 3 years Guaranteed Interest 180 Days Loan Scenario:…
The “5 C’s of Credit” are the five key elements a borrower should have to obtain credit. These same 5 “C” items are critical for Hard Money loans as well as conventional loans. Successful Mortgage Brokers understand the 5 C’s of Credit and know how to apply their scenario to a conventional or hard…