|
100% Real Estate Investor Financing Now Available with No Income Verification.
FOR IMMEDIATE RELEASE:
ATLANTA, GA (PRWEB) November 20, 2006 - Katz Mortgage Team, www.KatzMortgageTeam.net, of Fairway Independent Mortgage Corporation, has announced they are now offering 100% financing to real estate investors with no income verification.
Traditionally, the only way to get 100% financing on a residential investment property was to verify income through documentation such as paycheck stubs, K1's, W-2's, 1099's, 1040 tax returns, and real estate leases.
Stephen Katz, of Katz Mortgage Team states, "We find that many real estate investors have complex financial situations. Often times, startup costs, business expenses, depreciation and investments cause self-employed borrowers to appear to have less income than they actually do. We needed to find a way to allow these borrowers to take advantage of 100% real estate investor financing."
This new program allows a self-employed borrower to simply state their income on the loan application without having to supply any supporting documentation. The risk to the lender is mitigated by putting more emphasis on credit and assets.
Borrowers have a choice of an 80/20 piggy-back loan or the new 100% Single Loan with no mortgage insurance (MI). Acceptable property types include single-family, duplexes, quad-plexes, and condos.
"This program was something that was clearly missing for the market place" Katz states. "We listened to our real estate investors and took the idea to our parent company Fairway Independent Mortgage Corporation. The result is a new 100% Real Estate Investor program with no income verification. Its tailor made for our Real Estate Investors."
pk
Email Page | Print Page
|
|
|
