Creative Home Mortgage
The seller can offer owner financing as long as the seller did not build the home.
Creative home mortgage. A graduated payment mortgage loan is good for an individual whose income is rising each year. A favorite way to offer creative financing was generally a short term loan say three or five years with a balloon at the end meaning the entire balance would be due and payable. The monthly payment may change against a predetermined formula even if the interest rate does not change. As a fast growing lending and mortgage provider the creative platform provides the most innovate way to secure credit in today s technological world.
Interest rates are often higher but this creative mortgage technique allows more borrowers to qualify for a loan. Creative home mortgage mortgage broker. Private mortgages private mortgages work like mortgages from a bank but since the lender is an independent entity they can follow different guidelines for lending. The length of the loan may be longer or shorter.
We have assembled a team of professionals who have been in the real estate loan business for more than 20 years and have become expert in independent real estate and mortgage broker deals. The company has funded over 1 billion in loans since inception over 20 years ago and is passionate about emerging financial technology and dynamic products supported by excellent customer service to empower its customers. In 2017 there were 89 779 owner financed notes which totaled 17 3 billion dollars according to note investor seller financing is a loan that is provided from the. Why use a mortgage broker there are many reasons to use a mortgage broker.
Here are few examples. As a fast growing lending and mortgage provider the creative platform provides the most innovate way to secure credit in today s technological world. Apply to customer service representative analyst mortgage loan originator and more. Creative mortgages rethink the way the mortgage is constructed.
The company has funded over 1 billion. Creative mortgage financing means innovative relationships with every legitimate prime non prime alt a alt qm portfolio conventional and unconventional lender the market can offer. Examples of creative mortgage financing. This eliminates home builders from offering owner financing.
Seller or owner financing. Woodland hills ca 91364 818 348 7600.