Investor Real Estate and Non QM Lenders

09/07/2023

Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.

02/07/2023

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market?

10/05/2023

Why Today’s Housing Market Is Not About To Crash
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why.
>>It’s Harder To Get a Loan Now
It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Things are different now as purchasers face increasingly higher standards from mortgage companies.
>>Unemployment Recovered Faster This Time
While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already recovered back to pre-pandemic levels. Because so many people are employed today, there’s less...
https://www.simplifyingthemarket.com/en/2023/05/09/why-todays-housing-market-is-not-about-to-crash?a=550116-8ec7ab4f9a7fd4d63c3146c261c541d7&fbclid=IwAR2dCI65xMj2G5RLPpMMt7oMTWvyGz9K7MznyHmXXB4LuCwpv9EI_SEp6cw

There’s been some concern lately that the housing market is headed for a crash.

06/02/2023

Please join me for our next Realtors Unplugged presentation Wednesday, February 8th at 9 AM (PST) or 12 PM (EST)! This is a special presentation for you to get a chance to learn more about our niche products that only NEXA Mortgage can offer! You can register at: nexamortgage.com/unplugged to receive your unique link!

During the presentation we will be discussing how to take advantage of NEXA empowered Lease to Own Program which is an amazing solution to help more of your borrowers obtain homeownership! You will have the opportunity to learn directly from our experts and participate in a Live Q&A session.

Here are some key points to look forward to during the presentation!

-Turn you un-qualified buyers in to homeowners

-If they can rent, they can buy

-Low Down Payment

You won't want to miss this presentation as you will receive specific calls to actions and learn how to begin marketing and utilizing this program right away for your clients. The best part is our marketing team will be available immediately following the call to help customize professional social media content, email blasts, and more creatives, tailored to you and your company.

Reach out to me following the presentation to find out how to take advantage of those customized creatives to help you start your marketing right away!

Don't forget to register at nexamortgage.com/unplugged to get your unique webinar code to allow you to join the presentation!

Looking forward to seeing you there!

04/02/2023

02/02/2023

A blanket mortgage loan is a type of financing that allows borrowers to secure multiple properties under a single mortgage loan. This type of loan is becoming increasingly popular among real estate investors, as it offers several benefits over traditional mortgage financing. Here's a closer look at how a blanket mortgage loan works.

Definition: A blanket mortgage loan is a single mortgage that covers multiple properties. Instead of taking out separate loans for each property, borrowers can use a blanket mortgage to secure financing for all their properties at once. This allows them to simplify their finances, reduce administrative costs, and enjoy more favorable loan terms.

Loan amount: The loan amount for a blanket mortgage is based on the combined value of all the properties being secured under the loan. The loan-to-value (LTV) ratio is typically lower compared to traditional mortgage financing, as blanket mortgage loans are considered to be higher risk.

Loan terms: Blanket mortgage loans typically have longer terms compared to traditional mortgage financing, with amortization periods ranging from 10 to 30 years. This gives borrowers more time to repay their loans and generate income from their properties.

Interest rates: Interest rates for blanket mortgage loans are typically higher compared to traditional mortgage financing, as they are considered to be higher risk. However, the interest rate is often lower compared to taking out separate loans for each property.

Loan purpose: Blanket mortgage loans can be used for various purposes, including the purchase of multiple properties, the refinancing of existing loans, or the consolidation of debt.

Security: All the properties being secured under a blanket mortgage loan serve as collateral for the loan. In the event of default, the lender has the right to foreclose on any of the properties to recover the outstanding debt.

In conclusion, a blanket mortgage loan is a flexible financing option for real estate investors and developers who own multiple properties. By allowing them to secure financing for all their properties under a single loan, blanket mortgage loans simplify their finances, reduce administrative costs, and provide more favorable loan terms.

02/02/2023

DSCR, or Debt Service Coverage Ratio, loans are a type of commercial real estate financing that are becoming increasingly popular among investors and developers. DSCR loans are unique in that they consider a property's income and expenses to determine its ability to support the mortgage payments. Here's a closer look at how DSCR loans work.

Understanding DSCR: The DSCR is a metric that measures a property's ability to generate sufficient income to cover its debt obligations. It is calculated by dividing the property's net operating income by its annual debt service (mortgage payments). A DSCR of 1.0 or higher indicates that the property has enough income to cover its debt payments, while a DSCR lower than 1.0 means that the property is not generating enough income to cover its mortgage payments.

Qualifying for a DSCR loan: To qualify for a DSCR loan, a property must have a DSCR of 1.25 or higher. This means that the property's net operating income must be at least 25% higher than its mortgage payments. This requirement helps ensure that the property has enough income to cover its debt obligations and reduces the risk of default. Some programs can go down to a 0.75 DSCR with an increase int the interest rate.

Loan amount: The loan amount that a property can qualify for depends on its DSCR. Properties with a higher DSCR can typically qualify for larger loan amounts, while properties with a lower DSCR may be limited to smaller loans.

Loan terms: DSCR loans typically have longer terms compared to traditional commercial real estate loans, with amortization periods ranging from 20 to 30 years. This gives borrowers more time to generate income and repay their loans.

Interest rates: DSCR loans typically have higher interest rates compared to traditional commercial real estate loans. This is because DSCR loans are considered to be higher risk, as they are based on a property's ability to generate income.

In conclusion, DSCR loans are a flexible financing option for commercial real estate investors and developers. By considering a property's income and expenses, DSCR loans provide a more accurate assessment of its ability to support mortgage payments and help ensure that the property has a steady income stream to support its debt obligations.

02/02/2023

Here is a marketplace to buy whole portfolios of properties and we can finance these!

02/02/2023

My favorite places to find good deals on properties right now
1. Youngstown Ohio
2. Dayton Ohio
3. Akron Ohio
4. Cincinnati Ohio
5. Milwaukee Wisconsin