---

need a stated income investment loan in maine, can anyone he

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
mredeld Joined: 27 Aug 2007 Posts: 1 1.40 Dollars($)	Posted: Mon Aug 27, 2007 2:45 pm    Post subject: need a stated income investment loan in maine, can anyone he Like 0 Dislike 0 I am in need of a stated income investment loan in Maine. I own 10 other investment properties. Does anyone have information on hard money lenders as well? Thanks for your help.
jilczek Guest	Posted: Mon Aug 27, 2007 3:46 pm    Post subject: Like 0 Dislike 0 Investment loans are available but expect a higher interest rate as it would be a stated income loan. If you can provide some more details then we can tell you how much chances are there of being able to find a lender for the finance.
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Mon Aug 27, 2007 8:37 pm    Post subject: Like 0 Dislike 0 Hi Mredeld, Stated income loans are generally for those borrowers who earn more money than what they can prove with proper documentation. You can get stated income loans for your investment properties. But to qualify for such loans, you need to be in the same job for the past two years and you must have sufficient credit. You are likely to pay a higher interest rate for the stated income loan.
edgar Guest	Posted: Tue Aug 28, 2007 6:26 am    Post subject: stated income investment loans Like 0 Dislike 0 DOES ANYONE KNOW A MORTGAGE COMPANY THAT HAS KNOWLEDGE OF THIS TYPE OF LOAN, THAT HAS EXPERIENCE AS WELL? THANKS EDGAR
potenza Guest	Posted: Tue Aug 28, 2007 3:10 pm    Post subject: Like 0 Dislike 0 Did you try quickenloans.com? Once I had taken from them...
ezmortgageloanz Moderator Joined: 06 Apr 2007 Posts: 123 Location: National 37.57 Dollars($)	Posted: Tue Aug 28, 2007 5:00 pm    Post subject: Like 0 Dislike 0 Ispecialize in investment financing but I can't tell if I can assist due to the lack of info---I would need to know things like: - FICOs - Cash Reserves - Number of Properties Owned/Mortgaged - Title seasoning on the property being financed Regards, Scott Miller _________________ National FHA Mortgage Broker www.BadCreditMortgageMakeover.com
Janice Guest	Posted: Wed Aug 29, 2007 5:31 am    Post subject: Like 0 Dislike 0 Scott, would you mind if i ask you what scores exactly a lender looks for if he has offer investment loans? and what is title seasoning?
Mac_7 Guest	Posted: Thu Aug 30, 2007 11:33 am    Post subject: Like 0 Dislike 0 Title seasoning means how long one has to be on the title. Lenders have requirement on seasoning when they offer loans to borrowers.
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Thu Aug 30, 2007 11:50 pm    Post subject: Like 0 Dislike 0 Hi Janice, To qualify for an investment loan, lenders generally require the borrower to have a credit score of around 620 or above. And title seasoning means how long an owner should hold the title to a property.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0