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E002: Portfolio Loans | How They Save Deals
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Manage episode 299913540 series 2428571
Everything you need to know about getting a portfolio loan. Portfolio loans are a perfect opportunity for borrowers seeking home financing, but don’t fit within normal lending guidelines.
Here are some scenarios where a portfolio loan might be a good fit:
- Recent credit issue – Bankruptcy, foreclosure, short sale, ect. – but now back on their feet
- Unique property type – Non-warrantable condo, log cabin, etc.
- Foreign National – Borrowers new to the US with no credit established
- Investment property – Borrowers with a high number of investment properties that are already financed
- Self-Employed – Borrowers with unique income due to being a business owner
Here is the original article: https://www.balanceprocess.com/what-is-a-portfolio-loan/
In the podcast I mentioned there is a way for borrowers to get approved for conventional financing without having 2 years self-employed income, here is the full video on that – https://youtu.be/t9fIAegHCr8
55 episodi
Serie archiviate ("Feed non attivo" status)
When? This feed was archived on October 21, 2024 10:31 (). Last successful fetch was on May 20, 2024 13:37 ()
Why? Feed non attivo status. I nostri server non sono riusciti a recuperare un feed valido per un periodo prolungato.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 299913540 series 2428571
Everything you need to know about getting a portfolio loan. Portfolio loans are a perfect opportunity for borrowers seeking home financing, but don’t fit within normal lending guidelines.
Here are some scenarios where a portfolio loan might be a good fit:
- Recent credit issue – Bankruptcy, foreclosure, short sale, ect. – but now back on their feet
- Unique property type – Non-warrantable condo, log cabin, etc.
- Foreign National – Borrowers new to the US with no credit established
- Investment property – Borrowers with a high number of investment properties that are already financed
- Self-Employed – Borrowers with unique income due to being a business owner
Here is the original article: https://www.balanceprocess.com/what-is-a-portfolio-loan/
In the podcast I mentioned there is a way for borrowers to get approved for conventional financing without having 2 years self-employed income, here is the full video on that – https://youtu.be/t9fIAegHCr8
55 episodi
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