I would like to speak with a mortgage broker regarding using pledged securites for financing investment properties. Looking at multifamily, non-owner occupied, and out of state ownership.
Thanks in advance.
Thanks in advance.
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Anyone here a mortgage broker?
- Thread starter Dtrigg
- Start date
Your PM box is full.
Pledged securities? Please elaborate.
Pledged securities? Please elaborate.
I just tried to send you a PM but your mailbox is full. Thornburg has a great pledged asset program. Feel free to emial me directly if you need some additonal information. [email protected]
Sorry. Eliminated lots of messages so PM box is available.
Pledged securities are used rather than a downpayment. For example if you purchase property for $100K, rather than putting down $20K for a downpayment, you pledge $40K in securities. You can't use an IRA or retirement programs. And to use the $40K you would probably have to have around $100K in non-retirement funds available.
That's how I purchased my last house, but now I want to do the same thing for non-resident, out-of-state investment property.
