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Home > Financial Services > Mortgage Brokers > Investors Rehab Resources, Inc.
Investors Rehab Resources, Inc.
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Have you been looking for Hard Money to purchase a piece of property that needs a little or a lot of work or to purchase or refinance your investment property. Well, you don't have to look any further. Check out these loan programs designed specifically for rehabbers. Here you can borrow up to 75 percent of the ARV to purchase and rehab properties and refinance the property once repairs have been completed up to 90 percent.
New investor hard money loan, Seasoned investor hard money loan, New construction loan, Refinance loan and Purchase loan these all above loan programs they offers to their clients. If you are seasoned investors and have had Builder’s Risk Insurance in the past, this site will allow you to set up an account to easily add additional properties on a monthly bas.
All insurance premiums will be paid out of the closing funds. They do not accept insurance policies that have been paid for prior to closing. If the borrower has a blanket policy, the insurance agent must provide a declaration page showing the addition of the new property and indicating that the borrower has a blanket policy. If a builder's risk policy is purchased, the insurance agent must provide the rider showing total coverage of property for the term of the loan. Coverage shown on the declaration page must include vacancy, vandalism and malicious mischief. One-month policies are not acceptable. Monthly payment policies are not acceptable. The amount of the insurance policy shall not be less than the amount of the loan.
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