Residential financing is the ability to obtain a mortgage loan agreement between a borrower and a lender. In other words, when you are purchasing Real Estate (Main residence or an investment property) the lender qualifies your ability to repay the loan.
The Four main factors to qualify are:
- Income – ability to repay the entire loan and periodic payments
- Down payment – starting at 5% of the Purchase Price
- Assets and Liabilities
- Property – Age, Condition, Expenses related to the property, and Marketability
Client buying an investment property (with a portfolio of 20 properties already)
Client buying a house for his main residence
Position the client with a Lender for a mortgage for the new investment property with a flexible cap on rentals – Portfolio value over $15 million and new purchase for $700k
Highpoint Capital Solutions been able to get a mortgage for 80% LTV – Purchase price $2,3 million
WHAT WE CAN DO
At Highpoint Capital Solutions we are here to help you negotiate the best available lending solutions. We work on your behalf to research the competitive terms from different lenders including Banks, Credit Unions, Mortgage Investment Corporations (MICs) and Private Lenders to help you achieve your goals. We start by getting to know you, your financial situation and your goals. We work with all types of borrowers and their unique financial situations with excellent credit to no-credit or bruised credit, Employed or Self-Employed.
We have successfully arranged lending solutions to clients that are First-Time buyers and Investors with a complex portfolio of multiple properties. In many situations borrowers feel their bank is providing the best solution, but in several cases where banks are not able to facilitate the loan and through options such private lending or B lending we are able to provide solutions to avoid costly mistakes.