With completive rates and no junk fees you keep more of the profits. We are a local lender that brings experience to the table to help you succeed.
-Identify the home for the loan.
-Have a plan to execute from start to finish with estimated time and costs to get top dollar for
home.
-Interest rate:8%
-Subject within 90 miles of 44212
-Fix and Flip or refinance
-10% Down of completion value
First Time application fee for borrow: $150
-BPO fee: $300 if appraisal is not needed
-Underwriting fee:$250
-Loan Origination: 2%. Can be paid at Closing
Find the right home for your budget
Loan transfer tax
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Loan affordability
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Loan insurance
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Loan payment
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Find the right home for your budget
The Proces
-Identify the home for the loan.
-Have a plan to execute from start to finish with estimated time and costs to get top dollar for home.
-Call us to discuss your project or submit a free on-line application to get started. We can have the loan funded in as little as 5 days
-We will determine if Max Capital is a good fit for your project and if so we will walk you through the nest step
Borrower
-620 Minimum credit score.
-No recent foreclosures or bankruptcies
-Credit and criminal check:Yes
-3 months interest payments in reserves
-Experience is a plus but not needed
Lending Parameters
-Interest rate:10% with 2 points
-Subject within 90 miles of 44212
-Fix and Flip or refinance
-10% Down of completion value
Max LTARV:70% at completion
Max repair cost:100%
-Investors only
-Medium to light renovations on 1-2 Family homes
-Loan Amount: $30,000-$100,000
-Loan Term: 6 to 12 months-Interest Only
-First Lien Position
-Personal Guarantee: Yes
Basic Fees
First Time application fee for borrow: $150
-BPO fee: $300 if appraisal is not needed
-Underwriting fee:$250
-Loan origination fee-2%. Can be paid at closing
-Underwriting/Document prep fees; $850. Can be paid at closing
-Draw payment fees of $80 if needed. Max 4 draws
-Up to $300 in legal fees
-Title Fees
-Escrow fees
-Possible appraisal fees
-Property insurance for length of loan paid upfront.
Find the right home for your budget
Loan
-Title fees
-Escrow Fees
-Possible appraisal fees
-These fees can change at anytime
Fees to a third party-Can get estimate if needed
– Fix and Flips
-Within 90 miles of 44212
-Investors only
-Medium to light Renovations on 1-2 Family homes
-Loan amount: $30,000-$100,000
Max LTP : 90%
Max LTC: 100%
Max:LTARV: 70%
-Interest rate: 9-11%
-Loan Term: 6 to 12 months- 5 month minimum- Possible half of interest only payment
minimum monthly
-First Lien position
-Personal Guarantee: Yes
Borrower
-620 Credit score minimum
-No recent bankruptcies or foreclosures
-Credit and criminal check: Yes
-10% down and minimum of 3 months in reserves of interest only payments. POF needed
-Experience is a plus but not needed
-Detailed plan with exit strategy
Fees
-First time application fee: $150. This is paid upfront
-BPO fee: $300 if appraisal is not needed. This is paid upfront.
-Underwriting Fee: $250. This is paid Upfront
-Loan origination: 1-5 points, usually 2 points. Can be paid at closing.
-Underwriting/Doc Prep fee: $850. Can be paid at closing.
-Draw payment of $80 per draw if it applies. Max 4 draws
-Up to $300 legal fees. Can be financed
-Over 25 Years of Profitable experience in flipping homes and rental properties
-Real estate agent for 15+ years, discount commissions for my investors
-I will help solve problems, I am passionate on my investors succeeding
-Quick closing 5-10 days
-Competitive rates, smaller operation equals savings and no JUNK fees
-Local investor, I know the markets
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More than 250 advisors worldwide
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Mortage Experts
Years Experience
Here is our professional team
Founder
Operator
Operator
Operator
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