How do I find a low interest rate mortgage?

There are two ways to find low interest mortgage rates between 2-4%. First and foremost you will need to locate an assumable mortgage in the area you are looking to buy your home. Once you find a property, simply ask the seller. However, the easiest way to get all of this data at once is to

What is an assumable mortgage?

Assumable mortgage – A mortgage that can be transferred with no change in terms. Most VA/FHA/ & some Adjustable Rate loans are assumable. We have the tools to help you verify if any loan is assumable. FHA Assumable Mortgages – All FHA mortgages made after December 14, 1989, can be assumed. All FHA mortgages made

What is Loan to Value Ratio

Low equity can be determined by the property LTV. Technically – The loan-to-value ratio is a metric lenders use to determine their risk of loaning money.  The higher the ratio, the higher the risk.  It simply is the resulting figure after comparing the market value of the property vs the amount owed against the mortgage. 

How do I assume a mortgage?

Express interest – Schedule a consultation. Contact the seller to express interest. Wait for the owner to respond. Make arrangements to view the property. Confirm your credit rating is above 600. Discuss the current loan details with the seller. Request assumption package – Sellers must contact the lender directly to request an assumption package. This

What does an Assumption Package & Release of Liability document look like?

There are multiple resources. This is the link to the HUD Document that shows the instructions (See page 2). Here is a link to all Legal HUD sample forms. Sample – FHA Loan – Assumption Package & Release of Liability document. Sample – VA Loan – Assumption Package & Release of Liability document. One more

Is Mortgage data private?

Figuring out where to draw the line between what’s private and what isn’t becomes clearer once a person understands the difference between a mortgage record and a promissory note. They are two separate things. Mortgages and deeds of Trust are definitely public records because it is a real estate transaction. Lenders must provide details to

Why buy a property data list

Since 1934 the largest insurer of residential mortgages in the world, has over 70 million assumable properties. Acquiring a list of assumable mortgages is the first step to getting into one of these properties.  Below are a few of the benefits of pursuing an assumable property before it goes on the market for sale. FACTS

What details are in your Assumable Data List

By scraping public records, third-party data companies can assemble thousands of attributes for billions of people.  This allows them to capture  Loan Type -Home Owner Name -Postal -Property Type -Original Loan Amount -Original Loan Date -LTV -Loan Interest Rate -Number of Bathrooms -Number of Bedrooms -Potential Homeowner phone -Potential Email -Potential Social handles We append

Can an LLC business assume a mortgage?

Yes absolutely. To be eligible for an FHA loan as a small business owner, you must fit one of the following business structures: sole proprietorship, partnerships, limited liability corporation (LLC), corporation, or “S” corporation. You are only eligible if you own 25% or more of the business.   Feel free to verify HUD’s Investment Property Eligibility and Underwriting in Section 4 Section

What do I do with a private property list

There are several steps to consider.  Step 1. Express interest in the property. Be ready to say the right things to the owner. Our consultation is highly recommended as it prepares you for this.  Step 2. Respond to homeowner interest. To learn how to properly respond to homeowner interest please use our consultation service. Private