Financing | www.MinnesotaInvestors.com

Archive for the ‘financing’ Category

Home Payoff: How to Payoff Your Home in only 9-10 Years

Tuesday, May 6th, 2008

Home Payoff: How to Payoff Your Home in only 9-10 Years

Would you like to see a short video that would share an idea with you on how a mortgage could be paid off as early as 9-10 years? It’s something you really have to see to understand. It’s just math. It a matter of canceling interest. It’s a plan for retirement and it’s a way to get debt free. You would keep your regular 1st mortgage in place, but then would take a small equity line of credit out. No refinancing is needed, and it’s little change to your lifestyle. It’s not a bi-weekly program, it’s not a debt rolldown program. You get to use the equity line of credit like your checking account and pay for things with checks. Right now your money just sits in your checking account and does nothing, the goal is to try to put that money to work for you. If you put it to work, you can cancel interest on your other expenses out there. This Money Merge Program has created a software program which will get into later on. You’ll deposit your income and paychecks like you normally do. No contracts, you have full control over your own finances. Free lifetime technical support. There is a lot to show you. You could watch a 15 minute video and eventually make it to a seminar. I mean you will probably believe so much in this concept you may even want to be an independent agent that wants to tell others about it, and maybe even make a career out of it. To see this video just go to www.PayoffInterest.com

After you have seen the Money Merge Video if you want to learn how to get to a seminar and learn more, please email me at ron@minnesotainvestors.com at anytime.

Please do me a favor and tell just 3 friends today, to subscribe to this daily blog feed by going here:
http://www.minnesotainvestors.com/blog/feed/

BookMark, Email, or Subscribe This Page, Tell Friends!

Credit Pre Approval: How to Get Financing in Today’s Market

Sunday, April 13th, 2008

Credit Pre Approval: How to Get Financing in Today’s Market

How do you get financing in today’s real estate market. We are working on an exclusive program with a few potential buyers where we will help you try to do that. We can’t work with everyone, so if interested please let me know right away ron@minnesotainvestors.com Here is how it will work. FHA financing was as little as 7% of all loans in the United States before this past year. Well now they have replaced much of the subprime lenders, but the best part is they offer better interest rates. I have heard of 6.5% interest rates in some cases. From what I’ve heard we are talking about not being credit score driven. A minimum of 3 years since your last foreclosure. 2 years since your last bankruptcy, and 2 years at the same type of job. FHA currently has a program where 100% financing is possible with down payment assistance and rolling in the closing costs.

If you have had less than 2 or 3 years for any of those items, there is a chance we can go to a non conforming conventional lender, so please contact me anyways with your situation. Back to FHA. We have to get you still to be within their guidelines, but they are clearly allowing close to 100 lower point credit score than many of the A-paper lenders out there these days, plus offering very competitive interest rates.

What do you need to get financing?

Here is a sample of some of the paperwork you should put together and collect before you meet with your loan officer.

2 years personal tax returns, 2 years of business tax returns, business P&L Profit and loss statements, 1 full month of pay stubs, 2 years of W-2’s, 2 months most recent bank statements checking and savings, all pages on the print out. Most recent quarterly statement for retirement account. IRA, 401K, Mutual funds, stocks, etc. Certified copy of divorce decree. Bankruptcy papers filing and discharge. Home owners insurance info. Mortgage statements for all loans and properties owned. Lease agreements on any properties. Property tax statements for all properties. Copy of driver’s license or state ID. You may need additional items.

Let the loan officer pull your credit report and get a credit score and after reviewing much of your situation let you know what you are approved for. This is a great first step before getting started and looking at homes. Please do this right away, the reason is if you credit score is low, let’s say below 600+, we’d like to help you get on the path of credit repair to increase it to 600, please contact me ron@minnesotainvestors.com so that we can help you with that. It could take 30, 60, 90, 120 days easily to get this done. $500-1200 for full credit repair help, trust me, it’s worth it, the amount of money you will save in ever facet of your life will be thousands.

Please contact me ron@minnesotainvestors.com and we’ll help you find a property and with the loan process.

Please do me a favor and tell just 3 friends today, to subscribe to this daily blog feed by going here:
http://www.minnesotainvestors.com/blog/feed/

BookMark, Email, or Subscribe This Page, Tell Friends!