Mortgage Update

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Real Estate Mortgage Broker - LX Financial LLC
Mortgage Update - Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.
RECENT BLOG POSTS
Lenders close on majority of mortgages For the first time this year, lenders actually closed on more mortgage applications than they rejected. Info.     The new role of flippers in the Housing Economy Real estate flippers were a prominent feature of the American housing bubble during the first de...
Posted over 1 year ago
Single vs Multi-Family REOs Apart from market forces, the value of single family homes is a typically not a function of rental value, but things like type, size, age, condition, layout & design, neighborhood, etc. We invest mostly in 2,3,4 unit properties because the values are mostly a function ...
Posted over 1 year ago
It looks like the number of really good deals may be dwindling. I think it has to do with investor confidence, and maybe supply – I don’t know. I recommend an aggressive buying strategy at this time to capture the huge profit opportunities (still) out there. I am here to help with information, ad...
Posted almost 2 years ago
Here is a current investment summary. As always, a quick response is needed. • Purchase and rehab of 2-family property, NJ 07108• Funding requirement is 92% of cost, representing 46% of After Repair Value (ARV).• Exit is resale or refinance, whichever occurs first.• Expected project time is 3-4 m...
Posted almost 2 years ago
More profit, less risk, fewer hiccupsImportant tips for REO rehabs and flips In my experience 2,3,4 family properties have the best risk-reward ratio, the best profit potential iow. Aquisition prices tend to be lowest, and rental incomes offset monthly interest, insurance, and tax expenses. Avoid...
Posted almost 2 years ago
Here is a current investment summary. As always, a quick response is needed.  Project term: 4-6 months. Purchase and renovation, 3-family bank-owned property. Location: NJ 07108 Funding requirement is 92% of cost, representing 40% of After Repair Value (ARV) Exit: Refinance Projected annualized R...
Posted almost 2 years ago
Here is a current investment summary. As always, a quick response is needed.  Project term: 4-6 months. Purchase and renovation, 2-family property NJ 07108 Funding requirement is 93% of cost, representing 45% of After Repair Value (ARV) Exit: Refinance Projected annualized ROI: 58.6% Investment, ...
Posted almost 2 years ago
Rehab/Construction financingFor rehabs followed by refinance or resale, taking up to 12 months. Below is a matrix which will give you a rough indication of the range of current options. Available up to 100% of cost. Have a scenario? Get a quote here Transaction financingFor back to back closes, o...
Posted almost 2 years ago
Here is a current investment summary. As always, a quick response is needed.  Project term: 4-6 months. Purchase and renovation, 4-family property  Funding requirement is 95% of cost, representing 52% of After Repair Value Exit: Refinance Projected annualized ROI: 47.3% Investment, and profit sha...
Posted almost 2 years ago
Housing markets are picking up a little, and lenders are liquidating more properties.The occurrence of both of these phenomena serves us very well: More opportunities of course, and re-sales of repaired properties become more viable. The projected ROIs are strong, mostly in the 30-50% range.These...
Posted about 2 years ago
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Paul Luykx

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Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.