Testimonies
- M. Cohen, Los Angeles, CA
I can't thank you enough really. You were incredibly helpful, always answered my questions promptly, and were easily accessible. In fact, Rand, your service was probably better than any service I've received by any individual representing a company in years. I don't know how you manage to do it... Keep up the good work, and expect to hear from me next time I need loan services. Thank you VERY much.
- S & R Kerr, Angels Camp, CA
I must say, I was extremely happy with your service. Your dedication to getting me a loan far surpassed anyone I've worked with in the past. Your relentless search payed off for me and I think you for the effort. You're the pitbull of brokers. You were easy to deal with and never made me intimidated in the process. Your persistence really helped me to "dodge a bullet", so to speak and I'll be forever grateful.
- S. Bender, Staatsburge, NY
The house is great!!! Todd and I are so happy!.. Thank you so much for all your help!
- E. Hernandez, Commack, NY
I want to thank you for all the work you did to get me this loan. You were honest, upfront, and always responded back when I had questions. I will refer you when ever someone is seeking a loan.
True Stories
Success Story #1 - Stated Equity Line
Brian wanted a Stated HELOC to buy a rehab property to fix & flip More...
He is a contractor and saw a good deal on a fixer upper. He had an extra construction crew that he needed to keep busy until a couple bigger jobs opened up, so by purchasing this rehab property he could accomplish several things, keep his crew busy, and make some extra money after he fixed the rehab and flip it.
He had good credit so we closed a stated income heloc on his residence. Then we began the process of his stated income purchase loan for the non-owner rehab property. We arranged for the funding of the purchase and closed with no delay. His downpayment and improvement cost money all came from the heloc on his residence.
He purchased the rehab, we financed it, he sold the propery and made a good profit. He was very happy, the loan process was smooth and easy.
Success Story #2 - Stated Equity Line
Eli wanted a Stated Income HELOC to buy a collectors car More...
He made arrangements to purchase a collectors car from Europe. He had done his research and the cars value in the states was significantly more. He compared rates for credit cards and for mortgages. Being an accountant he chose the home equity line because he wanted to have the interest tax write-off and lower rate. His intention was to keep the car, enjoy it a while until he sold it for a good price, then take the profit and buy another collectors car and do the same thing again.
Because his wages were paid on 1099 and he was classified as an independent contractor, we decided to use the Stated Income Heloc. He quickly faxed over the minimal paperwork and signed disclosures. After the drive by appraisal was signed off, docs were prepared, signed and the loan funded. We quickly wired part of the equity line funds funds to his bank account so he could purchase the collector car according to schedule. All went according to plan, and we helped him accomplish his investment goal.
Stated Income Equity Lines
Many people can't rely on their tax returns to prove whether they can afford a mortgage. The self employed and many real estate investors fall into that category. That is where our stated income equity line comes into play. If you don't want to show your tax returns or paystubs, you don't have to.
- Stated Income/Verified Assets - We state your income [we don't verify income], we verify your assets [your bank acount, investments, 401k, IRA's to verify that you have cash reserves] underwriters like cash reserves, it shows you have the ability to save and assures the underwriter you have cash on hand to make future payments, if you have income problems.
- Stated Income/Stated Assets - We state your income [we don't verify income], and we state your assets [we don't verify your bank accounts, or investments, 401k, IRA's].
We look forward to helping you accomplish your real estate loan needs, dreams and goals.
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