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.
- 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.
Success Stories
True Story #1 - Stated Purchase Loan Success
James wanted to purchase a rental property with stated income... More...
He found an excellent deal on a house, so we had to move quick. First we had to get him his downpayment money. We issued a stated income Heloc from his residence, then we began working on the purchase loan as a stated income/stated asset loan because he was a self employed plumbing contractor. Fortunately his mid credit score was 682, so this made the job easy. The new loan would be for $248,000. The property was a slight fixer, so we got the seller to agree to allow James to fix up a couple issues on the property prior to close to allow the appraisal to pass the underwriters requirements.
The loan closed quickly, with no problems. After we closed, James made some finishing touches on the house and immediately began to rent the property to a new tenant, that he found through www.craigslist.org. Now James is happy with one more rental property added to his investment portfolio.
True Story #2 - Commercial Refinance Success
A client called me and wanted to refinance his commercial loan to a lower payment... More...
His current payment was about $10,000 per month. After we studied the different loan options he chose a 7.125% 10yr fixed that rolls to an adjustable during the remaining 20yrs. Prior to closing I was able to get the underwriter to shave off a little more of the rate so we funded at 6.875%.
His new monthly payment is $5100. This payment and new loan included giving him $200,000 in cashout to take care of property improvements and give him extra money to take care of some other matters. He was very happy
True Story #3 - Stop Foreclosure Loan Success
Luis was 2 1/2 weeks from Forclosure Sale, he completed our Online Inquiry form, hoping we could save his house... More...
We immediately assessed his situation and realized we would need to move fast to issue him a $40,000 Stop Foreclosure Loan.
After reviewing his situation, we realized we could help him, even though his credit scores were 416, 523, 470, and he had 11 collections/charge-offs, his income was reasonable as a school teacher, so we decided to go full income documentation.
This loan was simple, he faxed us some basic items, we talked over the phone to gather additional information. I emailed him the loan disclosure forms. He faxed them back within a day, we ordered the appraisal, I received it within 3 days, loan documents were prepared. I had a notary meet him at his house for loan document signing. The loan funded before the Foreclosure Sale, Luis was ecstatic. Another satisfied customer.
True Story #4 - Rehab Loan Success
Brian wanted to buy a rehab property to fix and 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.
Stated Income Loans
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 loan programs 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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