Credit is easing up
Just heard an ad on the radio for Cash Call Mtg company talking about loans with no tax returns. This is a good thing. you have to put 20% down and it’s 5%. You can do a purchase or re-fi with cash out. It’s not a liar loan. You have to show reserves and bank deposits for the last year but it is a step in the right direction.
They also do non owner occupied but it’s 70% at 7% and 1 year seasoning. Trying to get someone to come down to our meetings.
