The information Ltv Home Equity
Young investor wants me to mentor him on flipping. He proposes
obtaining a 100% LTV home equity line of credit on his primary
residence to finance his ventures.
He desires interest only payments.
His credit score is high 700s with stable job history.
Are these loans actively being made? If so, what type of interest rate
sould he expect to pay?
you can Contact Casey Serin http://iamfacingforeclosure.com/
Yes, these loans are available. The rate range, which depends on the
lender, can run from P -1% to P +2.5%.
There are several factors which effect this, such as mortgage history,
credit history AND current 'liquid' assets! Liquid assets (cash,
stocks, bonds, etc.) must equal loan amount of the HELOC.