4 Sources of Mortgages

Some investors may believe the headlines and assume that nobody's lending money anymore -- and certainly not for small residential rental projects.

But the reality is a little better than that. If you can come up with a downpayment, and are prepared to document income, assets and a solid appraised value, there are still some willing and able funding channels open to you.

They're basically in 4 categories:

Portfolio lenders such as regional or smaller banks and savings institutions who continue to offer carefully-underwritten, specialized niche products for small investors.

Second, Fannie Mae and Freddie Mac, who continue to fund single and multifamily loans, although with lots more restrictions than before.

Third, if either of these two don't work for you -- you can explore the so-called "hard money" lending route, which will almost certainly cost you a lot more.

And finally, there is the Home Seller Assist program which provides good fixed interest rates with debt-to-income ratios up to 50%.

And, they have just introduced special financing for short sales, no credit needed.

This is available in all 50 states.

You line up a prequalified buyer to purchase from you and our Investor can provide you with the Proof of Funds and the Cash to buy the short sale from the Bank. Cost of Funds is 1% plus $300 flat fee, all paid from your profits at closing.

Example:

You buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000.
You keep $50,000 minus 1% +$300 flat fee

More info and a live webcast at:

... http://www.FundsForShortSales.com