Financing Options
The Financing that will be offered is Bridge Financing with easy qualifications and easier terms. Here are the details:
- Basic terms are 20 percent down at 8 percent interest rate for ninety days.
- It is a single pay note with no monthly payments required.
- The Lender has agreed to waive the appraisal requirement and will accept the total auction price as market value.
- Existing survey and title commitment will be approved as satisfactory with no requirement for update.
- All loan fees will be waived except a one half percent loan origination fee and $750 document preparation.
- There will be no other fees required.
Click here to download the 1/2 page application that couldn't be easier to submit. Fill out the form and return to auction office. The Lender will immediately review and prepare a commitment letter for your use at the auction.
With the commitment letter in hand you can now bid with confidence, close with confidence, and have the necessary time to shop for permanent financing to take advantage of the market's historically low rates.
Ranchline once again brings you the finest properties with all the tools a buyer needs to make a quality buy.
Don't delay!
