Credit Repair for Real Estate Investors
BENEFITS OF CREDIT REPAIR FOR REAL ESTATE INVESTORS
Credit repair for real estate investors help investors in a number of ways. Here are a few benefits of credit repair for real estate investors.
- Qualifying for better mortgage rates. Some real estate investment programs offer lower interest rates to borrowers with better credit scores. This can save real estate investors thousands of dollars over the life of a mortgage.
- Getting approved for larger loans. A higher credit score can also make it easier for real estate investors to get approved for larger loans. This happens 2 ways. First, with a lower interest means investors qualify for more funding. Secondly, some programs require higher credit scores for higher loan to values. This can give the real estate investor more flexibility when buying investment properties.
- Building a strong credit history. A good credit history can help real estate investors build a strong foundation for their financial future. This can make it easier to get approved for loans, rehab credit lines, credit cards, and other forms of credit in the future.
Here are some specific examples of how credit repair can help real estate investors:
Let’s say a real estate investor wants to qualify for the FBC Funding 100% financing program.
- Credit score below 660- The investor meets all other qualifying criteria but their credit score is below 660 they will not qualify. Credit Repair for Real Estate investors can help them qualify.
- At 660 credit score they qualify for a loan of up to 65% of the after repair value. Credit repair for real estate Investors can help them qualify for higher loan amount and lower interest rate.
- If their credit score is over 700 they may qualify for up to 75% of the after repair value. At 700 credit score or higher they qualify for the best terms based on meeting other underwriting criteria.
This could be a substantial difference in the property they choose to buy. A free credit repair for real estate investors consultation could help them qualify for the 75% loan option.
As you can see, credit repair for real estate investors can have a significant impact on the ability of investors to buy investment properties. If you are a real estate investor with poor credit, I encourage you to consider a free credit repair consultation. It could save you a lot of money in the long run.
FBC Funding has partnered with Next Gen Credit Services to offer fast, affordable credit repair for real estate investors.
