SECOND MORTGAGE

SECOND MORTGAGES up to 95% LTV for:

1. Debt Consolidation

2. Purchase Assist (Help with Down Payment)

3. Equity Takeout (Cash for whatever reason)

LENDING GUIDELINES:

• up to 95% LTV*
• Loan amount: $10,000 - $250,000
• Interest rate: Starting at 12.99%
• Income: Employed, Self employed (Self-declared income welcome);
• Credit:  BEACON SCORE or RATIOS (TDS/GDS) are NOT CONSIDERED;
•  
• Property types: Principal residences, Rentals, Principal residence with
• rentals (max 6 units)
  
  Note:
  
  *The maximum LTVs are only offered to the borrowers with excellent payment history and on approved properties and locations.
  *Appraisals are paid by borrowers. Appraisals are directly ordered by the lender. A refund of appraisal cost for the maximum of $400.00 is provided to borrower upon closing only.