Buying a home can be one of the most exciting times of a person’s life, as it is likely the biggest purchase you will ever make and is probably the place that you have selected to raise a family at. However, the bulk of people do not have the funds available to entirely purchase a house and therefore get a loan, usually putting around twenty percent down and getting a thirty year mortgage. If you do need a loan, you are likely taking a look at the various companies that can offer you a loan, which can be difficult, due to the fact that there are so many options.
There are a handful of companies out there that can get you a great amount of extra deals and lower va mortgage loan rates on your loan, including a plethora of incentives. One of these companies that you should definitely consider when you are looking around for companies to go through to get a home loan is Summit Funding. They feature all sorts of loan options that you can utilize to get moved into your home and prepared for your future, and there are a ton of incentives that they offer, including nearly one thousand dollars in savings in closing costs, and an additional one thousand dollars if you use one of their many preferred agents. If you happen to be a member of any public retirement system, whether currently working or retired, you qualify for their loan financing programs and you should definitely check out the money that you can save by going this route.
If you would like to find out some more information and see if their home loan lending is right for you, you can definitely head over to their website, where you can request that they send you additional information regarding their business. One of the best parts is that you can get qualified online in as little as fifteen minutes, and the overall process of getting approved for a loan with Summit Funding is very simple and just the same as you would get qualified for any other loan.
Advanced Funding Solutions is a private money lender catering to real estate investors who flip properties for quick profits and individuals who cannot obtain traditional financing through banks because of past credit issues. The funds for hard money loans usually come from private money lenders looking to earn higher investment yields on their money than traditional investments such as CDs or stocks. Hard money lenders finance deals for real estate investors in the short-term, from a few months to a year. Therefore, real estate investors use private money loans to finance deals quickly and turn the properties over for a profit sooner than they could by financing deals through traditional banks. Since larger, well-known banks do not traditionally offer short-term loans for real estate deals, hard money lenders serve a specific need for real estate investors.
Financing Real Estate Deals with Hard Money Loans
Advanced Funding Solutions is a premium private money lender in Orange County; therefore, real estate investors will gain more capital to finance the deal than they would with other hard money lenders in Orange County. Investors can finance deals for 100 percent of the purchase price for six months, complete repairs within that time frame, and increase the value of the properties by as much as 30 percent of the purchase price while only paying interest for six months. Sometimes hard money lenders finance more than the purchase price of the property so investors can complete repairs with little or no out of pocket cost. The after repair value, known as the ARV, is how much the property is worth once the repairs are complete, and real estate flippers often times receive up to 70 or 80 percent ARV financing on the properties before repairs are complete.
Loan Types Offered by Advanced Funding Solutions
AFS offers several types of loans for real estate investors and consumers with less than stellar credit. There are loan programs for consumers with bad credit who wish to buy single family residences or condominiums. Loan programs exist for consumers who wish to extract equity from existing properties, and AFS offers fix and flip loans designed for real estate investors who purchase homes as investment properties and rehab the properties so they can immediately put the properties back on the market.
Being an employee in California has many benefits. One of the benefits is the option of taking loans. By the virtue of being an employee, the rates of the loans taken are lowered, and the conditions of such loans made to favor the employee. There are associations developed to ensure employee rights are observed. In addition, they also offer discounts to their members on various expenditure items such as tickets and insurance policies.
The most common form of loan is the California State Employee Loan Program. It is the dream of all adults to have a place to settle down during, and after employment. Associations and business have been put up to ensure home loans are available to all California state employees. One of the most trusted companies that offer home loans, is Summit Funding. Summit Funding is a home loans expert, offering services to members of any public retirement systems in the state of California. Apart from ensuring maximum saving of the employee’s money, this company also makes it easy for the employee to secure a home loan, and subsequently attain a comfortable abode. The company has experienced loan officers, who work hand in hand with employees so as to advise them on the best loan program to opt for especially calpers home loans.
It is worthy to note that Summit Funding also offer loan services to Veterans, Reservists & National Guard Members through a home loan program called VA. These employees are treated differently in California. Their benefits include no insurance on mortgage. Also, no down payment is required from them if a home is bought using a VA loan. Being approved as legible to receive a loan takes less than fifteen minutes. And this is done free of charge. Apart from the huge savings provided by the company, other discounts are offered if an employee buys a home through an agent, especially if he is appointed by Summit Funding itself. In VA loans, the loan rates may be adjusted using minimal documentation during repayment of the loan. The common rule to all applicants is that the houses they are planning to acquire must be within California.