TIP OF THE MONTH

 

Can, Can't, Should, Shouldn't
 
In this day and time we are in, foreclosure rates skyrocketing and sub prime lenders coming apart at the seams, you need to be aware of what opportunities are available to you and what or who you need to avoid.   

 

Can and Can't?  When a bank or loan officer tells you, "you can't do that," question it.  Maybe the institution for which they work does not have a program for your request. 

 

Example:  "You can't have more than 10 financed properties."  Big myth. I have seen 50 loans processed for one person.  "You can't buy a home because we cannot verify the income you state you make." Not true, there are tons of programs out there for folks who cannot verify income.  Believe it or not, there are even programs for folks without a job. "You have to wait 12 months before you can cash out an investment property." Again, not trueThere are programs out there that will allow you to cash out immediately 

 

 

 

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