Private Deal

Sometimes people don't qualify for a mortgage by traditional means.  Weak credit, low or no income or other reasons can put some folks on the outside, looking in.  But wait!  As long as you have enough equity in your home, a mortgage can likely be negotiated.

Here is a recent scenario in which I was able to help clients solve their financial situation. 

Clients wanted to substantially renovate their home before putting it up for sale but didn't have the cash needed to get the job done.   Their income prevented them from qualifying for a  Home Equity Line Of Credit (HELOC).

I arranged an OPEN 2nd mortgage of $70,000 with no penalty to break the mortgage when the property sells.

Monthly payment only $638.75.

Clients were able to complete the renovations and sell their home at a profit!