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Old 04-23-2007, 07:10 PM
Greg Rule Greg Rule is offline
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Join Date: Apr 2007
Posts: 4
Greg Rule is on a distinguished road
Thumbs up **Heloc Programs For Those With Low Fico**

Hello,

My name is Greg Rule. I work for Quick Money Lending, Inc. a Direct/Wholesale Lender. Our main positions are 1st, 2nd and 3rd TD's on CA Residential Property, Commercial, Construction, Units up to 75% CLTV/LTV with NO PREPAYMENT PENALTY.

Our goal is to provide enough cash out to help improve your client's credit score. Then within 1 year they can Re-finance into a better loan.

Quick Money Lending, Inc.
Direct/Wholesale Lender
Non-Institutional Financing

•FICO Score Not Required •No Income Documentation •Owner Or Non-Owner
•Foreclosure OK •Bankruptcy OK •SFR, Units, Commercial
•All Programs Stated Income •Up To 75% LTV, CLTV •Interest-Only Payments

*HELOC-EQUITY LINE OF CREDIT*

PROGRAM A
Loan To Value: 75% Max
Interest Rate: 10.75%
Income Documentation: None(Proof of Ability to Repay Loan)
Loan Term: 6 Year w/Balloon
Mortgage Lates: 1x120, 2x40, 4x60, 12x30
Bankruptcy/Foreclosure: >12 Months

PROGRAM B
Loan To Value: 70% Max
Interest Rate: 12.75%
Income Documentation: None(Proof of Ability to Repay Loan)
Loan Term: 6 Year w/Balloon
Mortgage Lates: Unlimited
Bankruptcy/Foreclosure: <12 Months

Submission Documents: 1003, Credit Report, Appraisal, Purpose Letter, Mortgage Statements

Agent Submission: Company Name, Address, Phone No., Contact Person, License info & fee

*PROGRAM NOTES*

First, Second, Third – Loan Amounts >$100,000 on a case-by-case basis
(3rd position is Program B)

Fees, Charges, Costs: Escrow $500, Processing $750, Doc Prep $250, Admin. $400, plus loan fee

Rate & Change Dates: Start Rate changes on 13th payment by 3% and continues for remaining loan period

Lender’s Services: Escrow, Title, Doc Prep, Demands, Reinstatement, Assist Doc Signing

QUICK MONEY LENDING, INC.
6721 Katella Ave., Cypress, CA 90630
Contact Greg Rule
Office: (714) 763-4958
Fax: (714) 763-4913
E-mail: greg@quickmoneylending.com


**BROKERS/LENDERS CAN MAKE UP TO 10% COMMISSION ON THE LOAN AMOUNT**

**WE CLOSE THE LOAN IN 12 DAYS OR LESS**
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