Foreclosure Option No One Else Has

homerescuefunding · Joined: 05 Feb 2006 Posts: 1

Unbelievable bail out loan program no one else has
Unlike most hard money bailout options
our program does not come with high interest rates and huge loan fees
This program is federally funded and is designed to actually help people in bad situations and make sure they stay out of bad situations.
With most hard money bailout programs you can expect to be charged 10 to 12 points at closing and anywhere from 10 to 15 % interest rate with an interest only monthly payment. This only buys your clients some time but you can be sure they will be right back in trouble only with less equity and higher debt within six months of the loan you gave them.

Our program works as follows:
Foreclosure OK!
Bankruptcy OK!
Bad Credit Ok!
Mortgage Late OK!

No Fico Required
No DTI
No Employment Verification
Will only do 1st mortgages
Interest rate for stated /stated is 8.5% Fully amortized 30 year fixed 5
year pre pay
Interest rate on full doc (1 month pay stubs and 2 year taxes) 7.5 % also 30
year fixed fully amortized with 5 yr pre pay
Are you ready for the closing costs your clients will have to pay
3 points that's it! plus all the regular fees a conventional loan carries
escrow, title etc.

Let me know if you are interested in working something out .

Oh yes and until July of this year we are only doing loans in California.
After July we will go nation wide.

The Mortgage-Pro · Site Admin Joined: 19 Jan 2005 Posts: 2248

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