I told my friend to get private finance to buy his next home… I used to lend money via my solicitor, …?

I remember getting 3percent more than in the bank for monies I loaned out on first mortgage.
I am in a different country now and don’t have any business contacts in London, U.K; where should he find private finance?

He, (bachelor) has one house with no mortgage let at 175.00 per week. and another house with a 20,000 pound mortgage which he lives in, and he has 110,000 pounds in 30-day-time-deposit at the local bank.

He has income from a government disability pension of 200.00 pounds per week.

so, he has net cash per week after his domestic expenditure.
… 300.per week
and asetts of 700,000.00 pounds.

could he easily obtain a loan to buy a different house to live in?
Even an interest-only loan, -he has enough money to pay it.
He has his eye on a house that is 270,000.00 pounds.

Should he sell one or other of the houses or just let out, the second house and move to the new house.

Hope you can help; I’ll show him your response.
Thank you very much.
daniel.

Mortgage Secrets Exposed – Real Estate.

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Money Making Marketing For Loan Officers

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Residential Hard Money Lenders

It would be an understatement to say that the decline in the real estate market changed the lending environment. Lenders who used to allow stated income loans no longer offer them, or they may claim to offer them but decline 99% of the stated loan submissions offered. This is extremely bad for investors who have made their incomes solely from real estate investing, or other self employed endeavors.

Primarily because when they do their taxes they have a lot of items to deduct from their income, and so their tax returns do not effect the true gross income that they earn. W2 employees do not have this problem, as they are qualified based on their full gross income and even if they do write off their incomes, the tax returns are hardly ever requested when W2′s are provided.

A good Residential Hard Money Lender, understands this is the case for full time real estate investors, and they will not have much taxable income on purpose at the end of the tax year. Even if tax returns are requested, its just to verify that the investor really does what he said on the application provided, and not to calculate debt to income ratios.

Another benefit to obtaining a Residential Hard Money Loan is that the loan is based on the After Repair Value, and not the Purchase Price. With a conventional lender, it doesn’t matter if you are buying at 10% of value; they would still require a certain percentage down payment on that purchase price. In other words, conventional lending methods ignore the fact that you are getting the property at a deep discount.

When you obtain a mortgage with a Residential Hard Money Lender you can rest assured that the After Repair Value (ARV) is being considered in the transaction. In a lot of cases the deep discount an investor is getting will allow room for the lender to roll in closing costs, rehab costs, etc… This decreases the amount of capital that an investor has to put into their projects, and therefore leaves more capital available so that he can do more deals.

If you have a real estate investment in mind, and are concerned with minimizing risk, and maximizing return on investment, you should consider utilizing a Residential Hard Money Lender. Its easier to qualify, and they are more flexible on the structure of a transaction.

Are you an investor looking to minimize risk, and maximize ROI by partnering with an aggressive Residential Hard Money Lender? Does including closing costs, rehab costs, and basing your loan on After Repair Value sound appealing?

If so, you owe it to yourself to see if you too can qualify for an Investor Rehab Loan by visiting this website: http://www.residential-hard-money-lender.com/

Private Money Power Persuasion Phrases that Convert Prospects to Lenders

www.privatemoneyblueprint.com You’re about to learn what took me years to learn through trial and error and countless hours of study in sales, marketing, psychology, persuasion, communication 3 word-for-word private money getting power persuasion phrases phrases that immediately disarm your prospect, gather needed information, and put you in the most powerful negotiating position possible the reluctant role. Enjoy ~ Patrick PS Did you recognize me in my suit? … haha … don’t get used to it … that was a small video clip from my presentation at Josh Brown and Lou Castillo’s Mindset & Money Mastery event … be on the lookout for more coming soon.

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Learn how a Denver loan officer made $248,954.62 in a single year using the simple step-by-step Million Dollar Refi Letter System. Catchy title for a true story. Direct mail marketing program for mortgage loan originators, loan officers & mortgage brokers
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Loan Broker Training Program

Loan Brokering is still a highly paid occupation. The loan brokering business pays handsome commissions in a very short period of time. Take advantage of record low interest rates, my 20 year history of brokering loans, and start making money today.
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Is it true that commercial mortgage loans are all ARM’s?

When we got our commercial loan, our loan officer told us that “all commercial mortgages are ARM.” Although we got in on the low interest rate boom 4 yrs ago, our payments are now almost doubled. Any suggestions?

What is a hard money loan and how do you use one?

I was at a real estate seminar recently and they mentioned using a hard money loan to start off immediate investing with no money down. I have not heard of this option before and was wondering if it could be explained to me.

Does anybody know where to look for Non-Recourse Commercial Mortgage Loans in TX under 100k?

It needs to be Non-Recourse. Commercial Mortgage Loans in Texas for Acquisition on New-Construction Duplexes / Townhomes in the Dallas Metro Area. Fully Amortizing Fixed Interest Rate Only. Preferred 30 Years, Would consider Less.
it is for an LLC
Non-Recourse Commercial Mortgage Loans in Texas for Acquisition on New-Construction Duplexes / Townhomes in the Dallas Metro Area. Fully Amortizing Fixed Interest Rate Only. Preferred 30 Years, Would consider Less.

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