http://privatemoneyutah.com/new-private-lender-loan-programs-for-2010/ Your Trusted Resource for Private Money Loans in Utah Fri, 06 Jan 2012 16:59:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://privatemoneyutah.com/new-private-lender-loan-programs-for-2010/#comment-55 CoreyC Mon, 28 Dec 2009 21:03:39 +0000 http://privatemoneyutah.com/?p=293#comment-55 Actually, most lenders will use the purchase price as the value and give you 65% of that. You won't be able to get 100% of the $65K unless you already have a refinance option in place for something closer to $100K, or if the $100K value is based on the Debt Service Coverage Ratio. Either way, in most cases, lenders want you to bring in some cash, more than just fees. Fees can be rolled into the loan amount. Actually, most lenders will use the purchase price as the value and give you 65% of that. You won’t be able to get 100% of the $65K unless you already have a refinance option in place for something closer to $100K, or if the $100K value is based on the Debt Service Coverage Ratio. Either way, in most cases, lenders want you to bring in some cash, more than just fees. Fees can be rolled into the loan amount.

]]> http://privatemoneyutah.com/new-private-lender-loan-programs-for-2010/#comment-54 AliB Mon, 28 Dec 2009 20:37:10 +0000 http://privatemoneyutah.com/?p=293#comment-54 Any possibility if purchase for instance $65.000 and value of prop.$100.000 than mortgage can be arranged %65 loan to value.that means for investor it is no money down deal and just fees payable by investor?? (Also rental guarantee from goverment for 5 years with 4-5 times more return than mortgage payment). Any possibility if purchase for instance $65.000 and value of prop.$100.000 than mortgage can be arranged %65 loan to value.that means for investor it is no money down deal and just fees payable by investor??
(Also rental guarantee from goverment for 5 years with 4-5 times more return than mortgage payment).

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