Line of Credit with No Hassles

We provide unsecured credit line for real estate purchase or business. There are no restrictions, it's as good as cash and you can use it as many times as you want. We don't require any collateral. And we offer 0% intro rates for the first 6 - 12 months. After that, it will be 8.99% variable apr. Lines will always remain open so you can use it for as long as you want as long as you make your payments.

 LOW INTEREST RATES

 - Rates as low as 8.99%! 0% interest rates for the first 6-12 months

 UNSECURED/NO COLLATERAL

 - Do not need to leverage any assets to acquire capital

NO RESTRICTIONS

 - Funds can be used same as cash.

 FUNDING IN AS LITTLE AS 20 BUSINESS DAYS

 - Quick approval process

NO UPFRONT FEES

 - We don't charge for submitting an application, we are paid solely on results. We charge 10% success fee based on the principle balance of funding our clients. You won't be charged the 10 points unless you already have the funding.

LINES WILL NOT REPORT TO THE PERSONAL CREDIT BUREAUS

 - Drawing these credit lines will not affect your debt/credit ratios. Lenders will only report defaults to the personal credit bureaus.

 HOW TO QUALIFY FOR CREDIT LINE: $10,000 to $150,000

 1. Good personal credit. If you have less than perfect credit you can cosign with a credit partner with good credit, in fact most of our clients uses a credit cosigner. It will not affect his/her personal credit score unless you default. Any friends or family will do.

 2. Must have business entity (EIN number)

 Contact us for qualification form here.

 Best Regards,

Larry Potter

Stay In Close Contact With Your Loan Mod Company

If you are getting a loan mod, let your loan modification company know if you get a notice from your lender telling you to stop paying your mortgage while applying for a loan mod. The lender could still be moving forward with foreclosure measures without you realizing it.

One person lost a home that had been in her family for generations when she could have borrowed funds from other family members to bring the mortgage current, while getting a loan mod.

Don't be the next victim of predatory lenders.

Wells Fargo appears to be the company most often associated with this, but it is not the only bank.

Protect yourself and stay in close contact with your loan mod company.

Loan Mods Are Working According To Bank of America

I see in the news that Bank of America Corp. noted “significant gains” in the number of loan mods through the government’s Home Affordable Modification Program.

Evidently, over 12,700 of its customers now have a permanent loan modification, which is four time the number of loan mods that were completed a month earlier. Their are another 13,700 loan modifications that are pending. This means the final loan mod terms have been approved and just need the customers’ signatures.

The bank was quoted as saying:
“In the past month, our concerted customer outreach initiative has driven a substantial increase in the rate of conversions from trial to permanent modifications,”.

To qualify for a permanent loan mod, a borrower with a trial modification is required to make three consecutive monthly mortgage payments and complete the documentation.

There has been concern that many applicants wouldn’t be able to meet the requirements because of the amount of paperwork and additional training and processing required by lenders, but this does not appear to be the case and loan mods are looking like a great solution for homeowners!

Loan Mods and the Homeowner

Currently, there are approximately 7.5 million homeowners in the United States that are behind on their home loans, which amounts to one in four who are underwater on their mortgage. According to First American CoreLogic, a real estate company based in Santa Ana, CA, almost 10.7 million households had negative equity in their properties. In other words, they owed more than the house was worth!

Because most homeowners don't know about loan modifications, or have tried unsuccessfully on their own to obtain a loan mod, most of these properties will slip into bank foreclosure and add to the oversupply of an already over-saturated market.

This problem is not just limited to those who have lost their jobs. Some 588,000 homeowners defaulted on their home loans last year even though they were working and could afford to make their mortgage payments. In years past, Americans did not walk away from their homes, but that trend has reversed as more and more owners who thought they were getting a bargain are now realizing that they are underwater and owe more than the house is worth.

Some of the hardest hit areas are in California, Nevada, Florida and Arizona. Take Nevada for instance, almost 30% of homeowners owe 50%+ more on their home loans than their properties are worth, making them ideal candidates for loan mods.
One homeowner put down $106,000 on a $530,000 property back in 2004 that now has a value of less than $300,000. A rarity, he is too honest to walk away.

For most homeowners, this is where loan mods enter the picture. If they can obtain a loan modification, and sometimes a debt settlement, they can retain their homes if the loan is modified and their monthly payments are reduced. Many homeowners have adjustable mortgages and can get them changed to a lower fixed rate thru a loan mod.

Why not just refinance? Well, most are so far underwater, or have damaged credit, that they cannot refinance their mortgage and are therefore looking to debt settlement and loan modifications to get a new start on life. If the appraisal was irrelevant, they could make some headway, but that is what got us into this mess in the first place.

At the end of September, homeowners who were 30-days or more behind on their mortgage payment (or in foreclosure) totalled almost 7.5 million. As these are lost to foreclosure, the supply of homes for sale will dramatically increase keeping prices down. Locally, here in Illinois, the house next to me was for sale in June of 2008 for $234,000 and is now going to auction shortly for $125,000.