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| - Investment Properties; Non-Owner Occupied
- Applicable to Apartment Complexes with + 5 Units or More
- No Min. or Max. Loan Amounts
- Min. Payment Rate of 4.61%
- Four Payment Options; Min. Payment/Interest Only Payment/15 YR Fully
Amortized Payment/30 YR Fully Amortized Payment
- Purchase Loans to 70% Financing (LTV); 80% Financing (CLTV) is
allowed with a 10% Seller Second
- Refinance Loans to 65% Financing (LTV)
- Only a Three Year Prepay Penalty (2% for 3 years)
- 30 YR ARM Is Based Upon the COSI Index
- Payments Are Fixed for 10 YRS; Payments Can go Down, But Not Up.
Loan Program Caps The Annual Payment (not interest rate) at 7.5%
(Example: Payment in the first year is 100.00, the max. annual
adjustment for months 13-24 would be 107.50).
- Lifetime Interest Rate Cap of 11.95%
Lower Payments = Better Cash Flow and Higher Rent Rolls
Feel free to contact me if you have any questions.
Regards,
H. Scott Miller
National Commercial and Residential Lender/Broker
Carteret Mortgage
TOLL FREE PHONE#: 1.877.716.6495, ext. 5
TOLL FREE FAX#: 1.877.578.2041
EMAIL: hugh.miller@carteretmortgage.com or EZMortgageLoanz@aol.com
Real Estate Help Desk (www.RealEstate-IQ.com)
Automated Loan Assistant (www.EZMortgageLoanz.com)
Reverse Mortgage Advisor (www.EZReverseMortgageLoanz.com)
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