100% Financing
I am pleased to announce our new 100% financing program. I assure you this program will revolutionize the way we invest. First Choice will continue to finance our initial purchases at 90% (First Lien), while a private funding company will allow my investors to borrow the remaining 10% (Second Lien).
This will basically work like a 90//10 loan. Funds will need to be paid off via refinance or home equity loan within 90 - 120 days, well within our standard time frame.
I could not be more pleased with this program. There will be credit and income requirements, but they will be accomodating and facilitating for my investors. The costs for the 100% financing will vary depending on credit. Typical costs will be $1,400 - $1,900 for the additional 10%. This is EXTREMELY competitive pricing for 100% financing on a foreclosure. This is the most innovative program I have ever seen, in fact there is no other program like this in the business. This program will allow you to purchase multiple properties, grow your portfolios faster and capitalize on Other People’s Money. This program further distinguishes Robert Anthony Real Estate as the leader in foreclosure real estate. 100% financing is available to approved borrowers and is limited to our projects.
I will be out of the office 12-5 to 12-18 due to my upcoming wedding, we will have office coverage for pending transactions and questions. Thank you for a great 2007 and I look forward to seeing you all at our post holiday party in early 2008.
Happy Holidays!