Comments on: Untapped Mortgage Source: Credit Unions http://realestate.bryanellis.com/540/untapped-mortgage-source-credit-unions/ The Internet's Most Respected Real Estate Investing Newsletter Mon, 15 Mar 2010 18:29:50 +0000 http://wordpress.org/?v=2.6.1 By: Ronald http://realestate.bryanellis.com/540/untapped-mortgage-source-credit-unions/#comment-2882 Ronald Fri, 07 Nov 2008 15:04:08 +0000 http://realestate.bryanellis.com/?p=540#comment-2882 Caitlyn I don't know if they will lend to a trust but I will check into that. Good question Caitlyn

I don’t know if they will lend to a trust
but I will check into that. Good question

]]> By: kalimah http://realestate.bryanellis.com/540/untapped-mortgage-source-credit-unions/#comment-2874 kalimah Thu, 06 Nov 2008 18:25:20 +0000 http://realestate.bryanellis.com/?p=540#comment-2874 That's very useful information. I never would have thought to look at a credit union. That might be perfect for a property I am looking at. Thanks again. That’s very useful information. I never would have thought to look at a credit union. That might be perfect for a property I am looking at.
Thanks again.

]]> By: Ronald http://realestate.bryanellis.com/540/untapped-mortgage-source-credit-unions/#comment-2871 Ronald Thu, 06 Nov 2008 16:12:46 +0000 http://realestate.bryanellis.com/?p=540#comment-2871 Our Credit union did an 80% refi on two properties that we bought, repaired and rented back out and put cash in our pockets. Yes they did do all the normal screenings but the rates are great. Like one property at 4.25% and the other 5%. We weren't able to get the loans in our LLC but that was OK for the deal worked out. Each one cashflow over $200 each month. Our Credit union did an 80% refi on two properties
that we bought, repaired and rented back
out and put cash in our pockets.

Yes they did do all the normal screenings
but the rates are great. Like one property at
4.25% and the other 5%. We weren’t able to get the
loans in our LLC but that was OK for the deal worked out.
Each one cashflow over $200 each month.

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