Financing Borrow Smart Build Wealth

The Birth of "Nothing Down" 20

Should You Invest with Little or No Cash or Credit? 21

What's Wrong with "No Cash, No Credit"? 21

Leverage: Pros and Cons 24

What Are Your Risk-Return Objectives? 30

Maximize Your Leverage with Owner-Occupancy

Financing 30

Owner-Occupied Buying Strategies 31

Homeowners, Too, Can Use This Method 31

Why One Year? 32 Where Can You Find High-LTV Owner-

Occupied Mortgages? 32

What Are the Loan Limits? 32

High Leverage for Investor-Owned Financing 34

High Leverage versus Low (or No) Down

Payment 34

Creative Finance Revisited 34 Are High-Leverage Creative-Finance Deals

Really Possible? 41

What Underwriting Standards Do Lenders Apply? 42

Collateral (Property Characteristics) 42 Amount and Source of Down Payment and

Reserves 43

Capacity (Monthly Income) 43

Credit History (Credibility!) 45

Character and Competency 46

Compensating Factors 47

Automated Underwriting (AUS) 47

Borrowing Basics

Borrowing Basics

Some small business persons cannot understand why a lending institution refused to lend them money. Others have no trouble getting funds, but they are surprised to find strings attached to their loans.

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