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Tired of being turned down by traditional
Lenders?
Private Financing normally happens when you wish to buy a home but cannot qualify for a conventional bank loan.
Private Money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers.We can help! Contact us today!
You'll Get Tax Breaks.
Another incentive for homebuyers is tax relief, as the Internal Revenue Service allows homeowners to claim deductions on their annual tax returns for, in most cases, 100% of interest on mortgages up to $1 million. What's more, homeowners can deduct 100% of the mortgage insurance required on down payments lower than 20% if they make less than $100,000 a year, as well as all of their property taxes regardless of income or property tax burden. For the average homebuyer, the potential savings could easily add up to thousands of dollars. Homebuyers should consult with a tax advisor.
Purchase Private Mtg Program
Foreclosures, NODs, Bankruptcy, and Bad Credit Foreign national ITIN Number-Individual Taxpayer Call today for your Loan Application or click here for the qualification form. Residential Loan REQUEST |
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PRIVATE LENDING Private Lending is a hard money loan that is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan. Most hard money loans are used for projects lasting from a few months to a few years. The definition of "residential hard money," when referred to in real estate financing, is essentially a non-bankable loan on an investment single family home. Programs are subject to proof of funds and proof of income. Closing cost will apply in some of the financial programs, associated with buying or selling a home, collected on the day you close escrow.
Borrower Types
• Trust and Estate
• LLC, Corporations, and • Foreign Nationals Private lending provides short term capital to the borrower much faster and with more flexible terms than traditional lending institutions.
Private Lending Program
Purchase - Refinance - Cash Out:
Foreclosures, NODs, Bankruptcy, and Bad Credit Foreign national ITIN Number-Individual Taxpayer Call today for your Loan Application or click here for the qualification form. Residential Loan REQUEST Types of Properties
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RESIDENTIAL LOANS
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LEASE OPTION A portion of your monthly payment goes toward rent and a portion goes toward your future purchase. (Typically between 1-5 years) in which you lease (rent) a property and have the option to buy the property at the end of the lease term. This can allow you to control a home that you want even if you don't have enough money for a down payment yet. A lease option may also be helpful if you need some time to improve your credit before you can get a good mortgage rate.  Gain Property Equity and Benefit From Market Appreciation As A Lease Option Or Installment Sale What is the difference between a Lease Option(Rent-To-Own) and an Installment Sale? From your perspective as a buyer, there is not much difference between Lease Option and an Installment Sale. In an Installment Sale, you will get what's called equitable title to the property. In a Rent-To-Own, you do not get title to the property up front; instead, you have an option to buy the property at a specified price within a specific time frame. A contract for deed (aka “installment land contract”) is an agreement wherein the buyer makes installment payments on an arrangement similar to an automobile financing. The seller holds legal title to the property as security for payment, while the buyer has “equitable” title. When the buyer pays the full amount due under the contract, the seller delivers legal title to the buyer. Equitable title gives the buyer the right to live in the property, improve it, rent it and otherwise enjoy all of the benefits of ownership. However, since the buyer does not have legal title, he cannot use it as collateral for a home equity loan (although in some states, banks will lend against an equitable interest in a contract for deed). Lease Option Program
Foreclosures, NODs, Bankruptcy, and Bad Credit Foreign national ITIN Number-Individual Taxpayer  Sale Over a Lease Option Installment Sale requires more down payment is generally quite a bit higher than in a Lease Option.
In an Installment Sale, a portion of your monthly payment goes toward principal and a portion goes toward interest. In a Lease Option, a portion of your monthly payment goes toward rent, and a portion goes toward your future purchase. In both cases you are buying the home without getting a bank loan initially. In both cases you are paying a certain amount down (through the down payment or option fee). In both cases about the same portion of your payment goes toward the purchase of your home every month. In both cases you have a specific time frame in which to qualify for a bank loan and pay off the remaining balance owed. |
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HOW DOES PRIVATE MORTGAGE PROVIDE FINANCING WORK?
Seller financing is meant to give you time to
get your credit in order so you can qualify for
a bank loan. We generally give you at least five
years to get everything straightened out. In
some cases, after the five years you have what's
called a "balloon payment", which means you have
to pay off the loan to the seller. This is
normally done by refinancing with a traditional
bank loan. In some scenarios we can extend the
loan up to 30 years if you don't qualify for a
traditional conventional loan, as long as the
total of the 20% down payment is completed
before the five years.
Do I qualify? When evaluating a potential buyer, we look primarily at income, work history, and rental history. If you have a decent job, and your income is at least three times the monthly payment on the home that you are buying, and you have the money for the down payment, then you have a good chance of getting approved.
Private Finance program-eligible buyers:
· proof
of Income:
· last
2 paychecks
· last
2 W2 or last two years of Tax Returns
· proof
of down payment
Loan Pre-approvals timeframes:
Typical funding time-frame is 20-30 days upon application receipt, provided you supply all additional documentation requested by the underwriters in timely manner. However, we are capable to funds as fast as within 7 working days. How much will my down payment be? Each property has different requirements. We offer seller financing with as little as 10% to 15% down payment. Typically, $15,000 is needed as a down payment. home.
The IRS generally treats a contract for deed as a sale, which means the buyer has tax benefits of ownership.
Thus, the payments of interest that are made by the buyer in possession are deductible as "mortgage interest," even though the buyer does not have legal title to the property. A contract for deed seller must report the transaction as an installment sale on IRS Form 6252. Once sold, the seller cannot claim depreciation or any other tax benefits of the property. If the buyer defaults on the contract and the seller excercises his legal option to reclaim the property, the tax code treats the transaction as a foreclosure.  Residential Purchase Private Mtg
80% Loan To Value No Closing Cost 20% Down Payment |
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All Pricing offered Loan Programs are
subject to change without previous notice APC reserves the rights to
amend rates & guidelines these rates and matrix are only a guide. Due to
the complex nature of Residential and Commercial Private lending there
are some times when we must deviate from stated pricing and LTV’s
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©2016 AP Capital Investments (480) 765-7351
All Rights Reserved. AP Capital declares that all the content information is for his intention purpose and confidential
exempt from disclosure. All copyrights: All trademarks and registered trademarks are the property of AP Capital as respective owners.
©2016 AP Capital Investments (480) 765-7351
All Rights Reserved. AP Capital declares that all the content information is for his intention purpose and confidential
exempt from disclosure. All copyrights: All trademarks and registered trademarks are the property of AP Capital as respective owners.