I am trying to make a deal work. It is a HELOC (or we can do a fixed second) but he is self employed and needs to go stated doc. Also it is an investment property. Any idea of lenders?
692FICO - 80% CLTV - Investment Property - Stated.
2007-09-26 09:35:55 · 4 answers · asked by meleane0314 1 in Business & Finance ➔ Personal Finance
ove 680 he could go stated! both options should be considered and proced out for you
try i did my refinance thru them and they beat my best estimate!
i highly recomend them! still lots of good stuff online about them! contact them to see if they lend in your state they lend in many states in the U.S.
Http://www.DirectLendingPlanet.com
2007-09-26 10:06:53 · answer #1 · answered by Anonymous · 0⤊ 1⤋
A HELOC is a HOME EQUITY line of credit. An investment property does NOT have home equity. You DON'T need a stated income anything. You CAN document his income for the last 2 years. You did when you filled tax returns. If you wish to buy an investment property using the equity in your home, contact a bankruptcy lawyer for advice.
2007-09-26 10:48:26 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
It relies upon... have you ever been self-employed interior an identical line of artwork for the final 3 years? Do you have a sturdy credit? are you able to place a minimum of 10% down? Do you have a minimum of six months well worth of your stated income in a liquid account? Then confident. My factor is right here that this is an extremely risky subject for us lenders to handle. you're able to have almost perfect skills to purchase an investment materials with stated income, yet confident, this is achieveable.
2016-10-05 10:00:48 · answer #3 · answered by beliveau 4 · 0⤊ 0⤋
http://hsbcinvestment.co.in/ provides investment oppurtunity,investment banking,
investment services, stock investment guide.
2007-09-27 04:22:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋