property investment
meleane0314 asked:


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.

Alex

Comments

pearlmel on 24 February, 2009 at 4:58 pm #

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.


STEVEN F on 27 February, 2009 at 2:42 pm #

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.


Homework H on 1 March, 2009 at 10:18 pm #

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