Credit issues? DTI, FICO? Financial history? BK discharge? Foreclosure?
None of that comes into play. This is an asset based loan.
None of that comes into play. This is an asset based loan.
The balance of any funds will be utilized by borrower as a line of credit.
No the standard 30% down is always required.
Yes. GCCIG charges the client a consultancy fees if they agree to pay. This will be specifically addressed in our Invoice supplied to lender and submitted with LOI, Intake Form, Application Agreement and POF and these fees will be paid at CLOSING in conjunction with prior consultant agreement between Borrower and GCCIG (payment by ACH to GCCIG).
The lender fees will be in the Final Terms and Conditions statement. These lender’s fee will be determined by the lender based on the strength of asset and will be a nominal % of loan amount to be paid at closing.
The Borrower will make their payments to lender (Insurance Company) who will be revealed to borrower at closing.
Any fees associated with closing will be disclosed prior to Final Terms and Conditions and payable at closing. Final Terms
Closings will be conducted like that of a traditional closing. Borrowers may choose a Title Company or their Legal (attorney) Representative of their choice or work with one of our many (?) Title Companies.
