Oct
04
2008

New Foreclosure Hybrid Loan

Posted by Christian Chase under Financing

Investors now have a new way to finanace their investment real estate.  The Hybrid Loan program is a way to finance your purchase, rehab and refinance as one loan package.

Down Payment:10% of Purchase Price

Down Payment of Rehab: 20% of Remodeleing Cost

Click Here For Video

This entry was posted on Saturday, October 4th, 2008 at 3:17 pm and is filed under Financing . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “ New Foreclosure Hybrid Loan ”

  1. Tom says:
    October 4, 2008 at 3:21 pm

    Great program. You seem to always be on the cutting edge of finance! I will try this program on my next deal.

  2. Joe Bellanca says:
    October 10, 2008 at 12:51 am

    Do they care where the downpayment comes from? With the commercial banks one of the benefits is the downstroke can come from anywhere such as a LOC or other borrowed funds.

  3. sherry says:
    October 10, 2008 at 1:50 pm

    They were not able to help with refi as I have more than 4 properties and subject to the fannie/freddie rules

  4. Christian Chase says:
    October 10, 2008 at 4:04 pm

    Down payment can be sourced from line of credit. You can even use a credit card. I receive no interest for a year credit cards all the time. I have used them for down payment. Once, the refinance is complete I pay back the card. FREE MONEY!

  5. Christian Chase says:
    October 10, 2008 at 4:06 pm

    Sherry, we are working on a new loan program with State Bank. They may be able to package your homes into one loan. Still in the works. I will post on blog when I have additional info.

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