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July 2005

90 Percent Financing Available

We are pleased to announce a new financing option to our popular Nationwide program.  In addition to offering straight 80% LTV financing with great rates, this lender now offers a option to purchase a property with only 10% down.

This can be achieved if the borrower arranges a 10% second mortgage with the seller on an income property the borrower currently owns.  The second mortgage cannot be on the property the borrower is purchasing.

For example, the borrower is buying a property for $500,000.  The borrower gives the seller a $50,000 second mortgage on a property the borrower currently owns.   The bank will loan $400,000 and the borrower will provide the remaining $50,000 in cash.  

Please contact our office if you would like additional information.