Client had Chapter 13 (business) discharged 2 years ago. -Otherwise spotless credit.
RESIDENTIAL/INSURANCE ALTERNATIVEBOND FUNDING PROGRAMwww.Alexisrealty.solutionsREAL ESTATE TRANSACTION HIGHLIGHTS:* 100% Financing & No LTV Restrictions* Purchase, Purchase/Rehab, Refinance: No Cash Out* Refinance/Rehab: Debt Consolidation * Construction* 30 Year Term, No Pre-Payment Penalty* Approximately (+/-) 1% Fixed Rate. No Rate Restriction* No Credit Check (FICO): Asset Based* Minimum Loan Amount is: $350,000.00 and upward. No maximum * 2nd Home/Vacation Home is underwritten case by caseRESIDENTIAL TRANSACTION INVOICE:4.5% of the loan amount/loan request; includes Bond Premium, Lender, Underwriting, and Appraisal Report & Survey Fees.Client: Needs to provide (Proof of Funds of: 4.5%) to start submission.Client pays invoice after receiving their loan quote from underwriting upon approval “Must be paid in Order to proceed”.Funds are wired to: Trust Account @ Wells Fargo Bank (BCL: Bank Capability Letter: Generated at the time).Brokerage Commission: 4% of loan request; is due at the time of funding. Purchase/Re-finances: This fee can be built into the loan request. (Brokers are protected).30-45 days for closing.STEPS TO FOLLOW IN SUBMITTING LOAN APPLICATION1. Submit the Uniform Residential Loan Application 1003 along with Proof of Funds to Dawnn L. Long, Alexis Realty Solutions at firstname.lastname@example.org along with your referring Alexis Consultant’s name. You will also need to provide Purchase Agreement. 2. The underwriter will require the following:A. Purchase AgreementB. FinancialsC. AppraisalD. Title workE. May ask: Land Survey3. After approval of your loan, you will receive a Funding Addendum that you will need to have your client sign and notarize and wire the 4.5% bond money within 24 hours.4. Upon client’s request you will receive an Approval letter.Please note the following:• Closing cost is a tax write-off.• Broker fees are also a write-off; tell your clients keep all statements and receipts we provide to them.• 4.5% bond funding is also a tax write-off.• Inspection Fee Included.• You can use this loan product to refinance current home as well as follows: (Use the same 1003 Application)- You can pay off your current mortgage by providing lender’s name and home owner insurance company, agent, address and phone number.- You can pay off your debts- You cannot get cash back on this loan productAccount ExecutiveEUGENE CARPENTER(414) 779-4730 cellEmail: email@example.com
We do has lenders for your project. Kindly contact us to initiate the funding process.