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Home > Financial Services > Mortgage Brokers > Acquisition Funding
Acquisition Funding
A Mortgage is a document that contains the details of an agreement between two parties.One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan, which is normally, the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee, which is usually a percentage of the loan or property amount.
Acquisition Funding Source was created in 1996 when they recognized a need among real estate investors for a quick and inexpensive source of capital for the purpose of buying and rehabbing single family houses in Texas. Being real estate investors their selves and having purchased & rehabbed over 2,000 houses, they understand every aspect of the transaction from acquisition to sale. As a result, can act faster and with more confidence than other lenders.
The Company will lend construction dollars within the defined parameters of it’s and loan agreement. They are specializing in short term real estate secured loans often referred to as bridge or gap type financing, or hard money loans. They provide these loans for primarily residential investors, in all price ranges. Their loans allow for these transactions, but they have reasonable limitations on the number of assignments or flips per transaction and limits on the dollar amount allowed.
Acquisition Funding assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan. They list all of them companies which are belonged to any industry associations.
Acquisition Funding assist the customers with 100 percent financing, including repairs, 6 month & 1 Year terms, Asset based, hard money lending, market competitive rates. Acquisition Funding goal is to provide them the money as per need quickly and reasonably so that you may take advantage of your opportunities in real estate that may otherwise not exist.
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