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THE NO-PAY SUPREME CASH FLOW PLAN allows investors even more increased cash flow by deferring payments for six months. The details are as follow: |
| Term: |
One year |
| Loan-to-value: |
Up to 70% of the after-repair-value (ARV). This can include purchase price, repair cost, and closing costs. |
| Interest rate: |
15% on an annual basis or 1.25% per month |
| Monthly payment: |
No payments are made for the first six months of the loan. The remaining six months will require interest only monthly payments. The six months of deferred interest is due when the loan is paid. |
| Points: |
5 Points |
| Closing costs: |
Including points, closing costs average between 9% and 11% of the loan amount. |
| Prepayment penalty: |
None |
| Turn around time: |
Two weeks |
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