Posted By Alan Donald @ Jul 16th 2009 9:45am In: General

Down MarketI thought that we had seen the last of the loans without income verification!

I just received a promo email advertising a "Stock Loan" for those who have a stock portfolio but don't have two years' tax returns as independent contractors, or lack the ability to show supporting income from employment or investments.

Has your stock portfolio tanked? You may still be able to use it to make some savvy investments!

With the recent tightening of the "traditional" mortgage loan markets, this could be the perfect solution for people seeking bridge loans, new construction purchase, lot purchase, home purchase, refinancing, investment property purchase, commercial property purchase & development...

If you have assets such as stocks, mutual funds, treasury bonds or other securities, you may be able to secure a stock loan up to 95% of your portfolio value at rates as low as 4.00%!

It could also be used by non-US citizens to purchase real estate in the US. No citizenship proof is required. The loan uses the stocks/investments as collateral. Commercial Property Purchase &Development, CondoTels

This loan lets you borrow up to 85% of the value of the securities, at rates as low as 4.00%. It it an interest-only loan, with terms up to 7 years, and the interest payments can be deferred for the term of the loan! It is a "limited recourse" loan, that is, only the securities pledged are forfeited.

  • No credit check or FICO scores
  • No income verification
  • No appraisal
  • Closing and funding in as few as 10 days
  • No restrictions for funds use
  • No draw option for loan term (great for construction and development)
  • No citizenship requirement

If you have an investment portfolio and want to take advantage of current real estate market conditions, this loan may just be the perfect avenue for you!



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