Mortgage Solutions For You!

Peter was selling land and would net $250,000. To avoid paying capital gain tax, he wanted to buy another property using a 1031 tax deferred exchange. However, there were a number of issues connected to getting a mortgage. He was self-employed, his income was not high enough to qualify, his middle credit score was 696, and had some mistakes in the report, which would require time to correct.

As it happened, the next day after the real estate agent contacted us with the referral we “discovered” a new program which allowed a refinance and to get cash out loans for owners who own more than 10 properties, without showing actual income. We realized that though this program is unique and can replace private (hard money) loans which can have an interest rate up to 12%, the same program can be used for cases similar to Peter’s.