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Blanket Loans

Blanket Loans

Blanket Mortgage Pros

CASH TO INVEST
Having one mortgage saves you the cost of multiple lender fees associated with closing the loan: origination fees, processing fees, service fees, third party fees, and more, leaving you more money to invest in other projects.  Additionally, many blanket mortgages operate with a release clause, which allows you to sell a property without having to use the sale proceeds to pay off the loan.

 

BETTER INTEREST RATES
Multiple mortgages will undoubtedly carry a number of different interest rates, some of which might be unfavorable. A blanket loan refinance provides the opportunity to bring everything together under one interest rate. 

Blanket Mortgage Cons


HIGHER DOWN PAYMENT

A lender offering a blanket mortgage may be putting themselves at greater risk, hence asking for a higher down payment.

BALLOON PAYMENT

When a loan is structured as a balloon payment, the borrower must pay off the entire loan within a shorter amount of time 

Real Estate Investor blanket loans

Our 3 Step Process:

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1. Apply

Fill out our Quick Apply application.

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2. We review your application

We review your goals and present you with programs matching your needs, getting an offer in 24 hours.

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3. Receive funding

Choose the program that fits you best and receive funding within 48 hours.

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