South End Capital Corporation “SECC”, founded in 2009, is a nationwide, non-conforming lender providing stated income commercial real estate loans, subprime SBA loans, business credit lines, and merchant cash advance consolidation loans. SECC offers excellent service, prompt responses and custom tailored financing.
Often they give out personal loans at zero interest rate and with no stated repayment time-frame and. Bank’s core business is in loans and interest income they are not here to take your property..
Many stated income loans are based on the equity position of the property, which means that the more the borrower puts down, the easier it’ll be to get the loan. "With us, a buyer has to put down at least 30% down compared to the regular 20% with a conventional loan.
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calculator to see how much house i can afford how many years is a home loan · Not a finality. If your credit is unblemished and you do provide all the necessary paperwork to your lender when you submit your loan application, your lender might be able to give you a type of approval quickly, often within 72 hours. That approval, though, won’t be a final one.The amount of deposit you need depends on two key factors: how much is the home you want to buy and what can you afford. finances and calculate how much money you would have left over after making.is interest paid on car loan tax deductible Can a Personal Auto Loan Be Tax Deductible? | Pocketsense – Personal auto loans are never tax deductible unless you use your car for business purposes, and even then only a portion of your car loan interest is deductible. This portion is limited to the amount or percentage you use your vehicle in the course of conducting business, and not the total amount.
Stated Income Loans – When doing a stated income or bank statement program loan, we do look at your credit score. These programs are a lot more lenient than traditional loans are so we can go as low as a 500 FICO score at times. Also when doing a bank statement loan, we are very easy on past short sales, foreclosures, or derogatory credit.
· I return to active duty at the end of this month. I haven’t had full time work for the last 6 months. Is there anyone that gives stated income auto loans? If I show my enlistment contract and Orders to return to active duty, will that increase my chances of a loan being approved?
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Other names for such mortgages include "stated-income" loans and "no-doc" or "alt-doc" loans, but all of them fall under the same umbrella definition with only a few differences. There are four main types of no-income verification mortgage loans, each with its own level of requirements.