Timeshare Cancellation - How Do I Cancel A Timeshare?

People usually go to a timeshare presentation with the expatiation's of getting something free, but by the end of the presentation, they are usually worn out by the sales pressure that they were subjected to during the sales pitch, which in most cases, goes way beyond the ninety minute time frame that was promised to them when they agreed to go to the presentation in the first place.

I don’t know of very many people who go on their vacation with the grand hopes of purchasing a timeshare week(s) while they are vacationing.

But many people get talked into going to the presentation to get what free gift the resort is offering, and after sometimes many hours later, they agree to buy what the timeshare resort is offering.

Negative News

For the most part, most the news we hear is negative, all you have to do is listen to the TV news and you know what I mean.

However, when you are at one of those timeshare presentations, you are bombarded by so much positivity about how the timeshare resort is going to make your life so much better by letting you vacation at beautiful resorts all over the globe at a very reasonable price. All you have to do is sign on the dotted line and the world is yours.

So many people are suck into the sale pitch only to find out later it was not all it was hyped up to be.

But many times, this realization only comes after the legal timeshare cancellation period has expired. This is when, the timeshare buyer feels like it is hopeless to do anything about getting a timeshare cancellation and that they are virtually stuck with the timeshare the rest of their lives.

We call it a lifetime of servitude where the timeshare week(s) owner is subject the whims of the timeshare resort owner(s) whenever the resort owners want to make changes or improvements to the timeshare resort and they are free to dig into to timeshare owners wallets whenever they desire.

If the timeshare week(s) owner ever want to get out from under the burden of the timeshare week(s) they have purchased, they usually first contact a timeshare resale company.

What a scam that turns out to be! Let me give you some good advice right now. Please don’t ever try to use one of those timeshare scam resale operations. They are complete scams!

Even though you were told when you first bought your timeshare that you were buying real estate and it could be sold like real estate because it had the same type of appreciating value, don’t you believe it.

When it comes to reselling your timeshare vacation week(s) you will quickly find out that it is worthless and no one wants to take on your lifetime of servitude debt. That will even be passed on to your children. Believe me, they won’t be happy about that!

What Else But Timeshare Ownership, Does This To Someone?

If you buy a house and then want to sell it, you just put it on the market. No problem. If you live in the house for a lifetime and then pass it on to your children, and they decide to sell it after you’re gone, they just put it on the market. Again no problem. But not so with timeshare vacation ownership!

In Comes The Timeshare Resale Scams.

The timeshare scams, “resale” are abundant out there. And every day they are fleecing timeshare owners with a big pack of out and out lies.

Many times a timeshare resale company will even solicited timeshare owners and try to talk them into signing up with them to get out from under the timeshare debt. All the timeshare owner has to is, pay them thousands of dollars and they will make sure some other person will take over your payments and/or maintenance fees and then you are free and clear.

We get phone calls all the time from people who have fallen for a timeshare resale scam pitch and now need help to get out from under that debt as well. Using a timeshare resale company is like “jumping out of the frying pan into the fire.”

However, if you feel that the weight of timeshare payments and maintenance fees are becoming too much for you and you need to find a way to get out from up under that lifelong timeshare debt, be encouraged there is help for you. 

   

Even if your timeshare is past your timeshare cancellation period, or years past your timeshare cancellation period there is help you.

I’m talking about people who know the timeshare industry inside and out and can help you with your timeshare cancellation.

If you need help with a timeshare cancellation, we are the Timeshare Cancel Center and we know the ropes of the timeshare business very well.

To Find Out More About Timeshare Cancellation 

Log Onto Our Website:

www.TimeshareCancelCenter.com

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www.TimeshareCancelCenter.com
5036 Dr. Phillips Blvd. #221 Orlando, Florida 2819-3310 USA

For a free consultation, Call 24/7: 1-855-600-9053  

Trust Deed Investments: How to Make Your Money Work for You!

When it comes to investing, there are many, many options to choose from. While conventional options like stocks or bonds can be lucrative, trust deed investments are a lesser known type of investment that can yield high interest rates and low risk.

When you buy a property in Arizona and finance through a bank like Wells Fargo or Bank of America, most people think the bank holds the deed to the property. This is not the case. Usually someone’s grandma in Oklahoma or an investment banker in New York purchases a promissory note, funds your loan, and retains the legal title to the property. Sounds complicated, but really it is not, it is all part of trust deed investments.

The investor in trust deed investments purchases an interest in a mortgage through a promissory note. The investor can purchase the full mortgage or a part of it. If the investor purchases the full deed, he/she must have enough capital to fund the whole mortgage. If a fraction is purchased then the investor puts up a fraction or percentage of the value of the mortgage or promissory note. In this case the investor has the option to purchase a first or second deed of trust. A first deed of trust means that the investor is first in line to be paid back in the event of default while a second deed investor is more at risk for losing his money.

Once you have purchased trust deed investments, you officially hold an interest in the mortgage. You also hold the legal title to the property on behalf of the bank (the borrower retains possession of the physical property). Each time the borrower makes on time payments, you earn interest from the bank. The interest rates on trust deed investments are often higher than the interest rates on stocks and bonds. Once the loan is paid in full either by sale or after the mortgage term, you get your initial investment back. Basically, the bank pays you to hold onto a piece of paper for them.

But why? This is the main question that holds many people back from trust deed investing. Why would the bank pay you interest to hold a paper for them? The reason has to do with foreclosure procedures in the event of default. The bank cannot hold the title to a property so if there is no trustee, the borrower retains both the legal and physical tittle to the property. If the borrower defaults, this makes it very difficult to foreclose. If the legal title is held by a third party, a trustee, the trustee can foreclose on behalf of the bank, making the process much quicker for the lender.

What Happens to the Investor?

In the event of a foreclosure, the investor is at a greater risk for loss than if the borrower pays off the loan in full. However, trust deed investments are at least backed by actual real estate. Once the lender’s investment is repaid, the investor also gets their money back, assuming there is enough left from the foreclosure sale. This makes trust deed investing a bit safer than stocks because it is backed by something with real value.

Since the investment is backed by real estate, there are ways to make it safer. If you are considering trust deed investments, make sure that you are the first note holder. This will make you a higher priority when it comes to recouping your initial investment. Also, do your research. Make sure the deed you are investing in does not have any title issues or claims against it. Finally, make sure you know the market value of the property that the deed backs. Knowing the market value will help you decide if you are making a smart investment. Always assume that the property could go to foreclosure and you may need to be able to sell it quickly to earn back your money.

If trust deed investing sounds like a good fit for you, call a lender today!

Here at Level 4 Funding we specialize in deed of trust lending and other types of alternative investment and funding options. You won’t find trust deed investing by walking into your local bank so you need a private lender like Level 4 Funding. We know that trust deeds are not an investment that many people take advantage of and we know how much money you can make by doing so. We will be here every step of the way to answer your questions and help grow your money. 

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Trust Deed Investing: Good Lenders Are There When You Need Them!

Many homeowners think the only people involved in their mortgage are them and the bank. However, this is not usually the case as most loans also have a trustee who has engaged in the process of trust deed investing as a way to build an investment portfolio.

When a mortgage is approved, underwritten and recorded, many people imagine that there are only two parties working together, the bank and the borrower. However, this is not usually the case. In most mortgage transactions, there is a third party who works behind the scenes called the trustee. The trustee engages in something called trust deed investing by purchasing a promissory note from the lender. The trustee then holds the legal title to the property on behalf of the bank. The bank pays the trustee interest to hold the title on its behalf.

You may find yourself wondering, why would the bank do this? Why pay money to someone to hold onto a piece of paper for you? The bank engages in trust deed investing to help protect its assets in the event of default. If a borrower defaults on a mortgage, the bank has to take them to court to foreclose on the property and get its money back. This is a long, expensive process and there is always the possibility that they bank may lose. However, if the mortgage loan has a trustee who holds the title, the trustee can foreclose on the property on behalf of the bank. This can be done without a court hearing and is a much faster process. Once the foreclosure is complete, the lender will get its capital back and any remaining funds are paid to the trustee and finally the borrower.

Benefits of Trust Deed Investing

If trust deed investing sounds intriguing, there are a few ways to get started. The first and most important step is to find a private mortgage company or investment firm that loans on promissory notes. From here, you should be able to decide how much you want to invest. You can purchase an entire deed as a single investor. This is one of the safest ways to invest because you are the only investor that needs to be paid back in the event of default.

If investing in the full deed is out of your budget, there are still ways to get into trust deed investing. You can invest as a fractional investor and buy a portion of the deed. If this is your plan, finding the right broker is crucial. Depending on whether you are the first investor, your investment may be less safe. Your investment professional can work with you to explain how to purchase a first deed of trust vs. a second deed of trust. This is important because a first trust deed holder is the first investor paid back in the event of default. If you are a second deed holder, you are at a higher risk for losing some or all of your investment.

Your private lender should be able to fully explain all of the risks to you and help you make the right choice when it comes to trust deed investing.

If trust deed investing sounds like an investment option you want to explore, give us a call today!

Here at Level 4 Funding we specialize in alternative investment strategies like trust deed investments. Our financial professionals can help explain the process and answer any questions you may have. We will also make sure that you know all the risks and benefits so you can make an informed decision about how to invest your money. Call us today for sound financial advice and to get started trust deed investing. 

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

How to Make Money with Trust Deed Investing

 Trust deed investing can provide substantial rewards with minimal risks for investors. There are a few different ways to get started in trustdeed investing and finding the right financial professional to help you can make all the difference.

Most investors know about stocks, bonds, and real estate investing. Real estate investing can be a very lucrative way to build your investment portfolio. You can invest in real estate in a number of ways like buying a fixer-upper, or purchasing a home to rent out. While almost everyone knows about making money on a fix and flip or as a landlord, there is another, less common type of real estate investing called trust deed investing. Trust deed investing involves three parties, the borrower, the bank, and the trustee. If you are investing in deeds of trust, your role is that of the trustee and you act as an intermediary between the borrower and the lender. You hold the legal title to the property until the loan is paid off or unless there is a foreclosure.

As the trustee, your job is basically to protect the lender in the event of default. If the borrower defaults on the loan, the lender would have to take the borrower to court and could not foreclose on the property until after a lengthy legal process. By using a trustee, the lender has a second option. The trustee can foreclose on the property on the lender’s behalf and help the lender recoup its investment. In the event of a foreclosure, some of the sale proceeds go to you as the trustee to help recoup your investment as well.

While you can earn back your investment in the event of a foreclosure, the real benefit of trust deed investing is when all is going well. The bank or lender will pay you interest rates into the double digits to hold the title to the property. As long as the borrower is making on time payments, you are earning interest every month. Once the loan is paid in full, you also get your initial investment back. You can purchase deeds of trust through a private lender or other investment professional.

Pitfalls of Trust Deed Investing and How to Risk Less

Trust deed investing is generally considered a relatively safe investment because it is backed by real property than can be used as collateral in the event of default. However, like any investment there are risks. Namely, deeds of trust are not insured by the FDIC so there is not guarantee that you will get your money back. Also, if the borrower declares bankruptcy then the home cannot be easily foreclosed on without a lengthy legal process. Depending on the outcome of this process, it is possible to lose some or all of your investment.

These risks are not unique to trust deed investing as every type of investment does have some inherent risk. There are a few ways to minimize these risks and maximize your profits. First and foremost, work with a private lender or equity firm that is experienced in trust deed investing. Make sure that your lender has loaned on deeds of trust before and can explain the process to you, including any and all risks.

You can also help mitigate risks by doing your due diligence. Research a property’s title status and market value. This will help you make sure there are no issues with the title that would prevent a foreclosure. Knowing the market value will help you ensure that the property will be worth the amount of the loan or more in the event of default. This is especially important because the bank will get paid back before you do so you want to be sure there is enough money to recoup your investment.

Find the right lender to guide youthrough the process of trust deedinvesting!

The right lender is key to helping you navigate the world of trust deed investing. Make sure you choose someone who is experienced and knowledgeable about deeds of trust and how the investment process works.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Timeshare Scams . . . Watch Out! Sells Pitch Coming!!! Cancel My Time Share

Timeshare Scams . . . Watch Out! Sales Pitch Coming!!!

Here you are you getting off the plane, or out of the car, you’re a little or should I say, a lot travel weary.

You go to your hotel and as you are walking up to the lobby, you are almost accosted by someone yelling for you to come over to their booth and get a free gift.

Well you wouldn’t mind conserving a little money so what the heck you decide to take a moment of your precious vacation time and go over to hear what the nice man/lady has to say.

Well. . . that’s the beginning of the timeshare sales pitch.

These nice people are very passively aggressive and they have to be.
Their paycheck is in your wallet, you just don’t know that. . . YET!

These people are paid very good money to get you to take the FREE in the pitch that they are offering.

Well you think what they’re telling you doesn’t sound too bad. After all, they are going to give you very nice FREE stuff just to go and listen to a 90 minute presentation. What’s 90 minutes out of your vacation? So, you agree to go.

At the scheduled time you arrive bright and early at the resort. You have your wife and maybe your entire family with you.

It’s only 90 minutes then you’re off to start your wonderful vacation with some FREE goodies in your pocket.

But it hardly EVER happens that way. Once you’re at the timeshare resort the timeshare salespeople you encounter have gone through intense (and I mean intense) training to get you to buy the time sharing are selling.

They have been taught to wear you down and tell you whatever you need to hear to get you to buy a week or two of a timeshare.

This is where the timeshare scam starts to formulate. Because the salespeople have got to sell you before you leave. No matter how long they have to keep you there to do it.

I’ve seen people who have brought their young children with them and they have been kept at presentations so long, that the poor young children are falling asleep on the floor in the corner because timeshare a 90 minute presentation turned into a 6 hour presentation.

Did that happen to you? It has happened to countless others. Even if you don’t have the money. No problem.

The resort will open you up an instant line of credit by issuing you a brand new credit card and that down payment that they were talking to you about will just go on that line of credit.

So you don’t even have to spend any of your hard earned vacation money. Now who wouldn’t like to buy real estate that will someday make you lots of money and all you had to do to get it was just say, “charge.”

And then once you have signed on the bottom line and you are able to leave, and after a few days you come out from up under the ether and you want to see about doing a timeshare cancellation.

If you have gone past your cancellation period, you’re STUCK!

And sometimes even if you are still in your legal cancellation period, that resort you and your family toured that was bustling with very nice people, must have suddenly become a ghost town.

Because it is so hard to get someone on the phone so that you can tell them that you’ve changed your mind a timeshare cancellation.

But you’re not overly concerned at this point. So that’s okay. Because the nice people at the resort also told you at the presentation that your timeshare was worth a lot of money.

They said, it was the same as you buying real estate. It has real value! That’s why they call it real estate!

You can sell it and even make money whenever you want. People around the world are clamoring to buy a timeshare like the one you were smart enough to buy. So you decide to do a timeshare resale.

But no, you can’t do that.  Because you find out that time sharer sale scams are almost worse than the timeshare scams. They want you to pay them money to just list your timeshare for sale.

Whatever you do. . . DO NOT LET ANYONE TALK YOU INTO DOING A TIMESHARE RESALE!

Scam! Scam! Scam! Did I say. . . Timeshare Scam! Cancel my timeshare!

It is such a scam that a lot of states are making it illegal to do or even have a timeshare resale office in their state.

So please stay away from timeshare resales! I know. I know what you were told at the presentation that your timeshare was just like buying real estate, and in fact that is one of the reasons you finally decided to buy it after so many hours of being told that you were crazy not to take advantage of the great deal that you were being presented with.

But the fact of the matter is—that was an out-and-out lie!

Want more bad news, you will find out that lie was one of many lies, you were told.

Believe me I hear so many sad, sad stories of people/families being taken to the cleaners on time share scams.

Don’t lay down and take it. You don’t have to. But you have to know how to fight back. You have to get with someone who knows how to fight the corrupt system.

Get out of that timeshare now!

Get timeshare cancellation help now!

Our “Timeshare Contract Cancel Service” involves our 

tried and true process which delivers timeshare cancellation results.

If you have been approached by a timeshare resale scams company, give the Time share Cancel Center a call to validate the resale company prior to signing a timeshare resale contract.

To read more and to find out even more about timeshare cancellation log onto our website: www.TimeshareCancelCenter.com or call 1-855-600-9053.

Important information about Timeshare Scams - Beware!

Timeshare Scams - Let Me Count The Ways. . .

If we were to count the ways that the timeshare resorts are training and retraining their salespeople to scam you, that would take too long because the ways goes on and on.

Now of course they don’t think its scamming, they’re just trying to take your “No” and turn it into a “Yes”.

If they have to take a 90 minute presentation and turn it into a 6 or 7 hour presentation so be it!

You see, the resort pays a lot of money to have people like you come through their doors.

Those people on the streets and in the malls that initially called you over to their booth get paid some pretty good money to book your tour and to have you show up at the presentation.

No Shows

If you don’t show up, they call that “No Shows” and if the people in the booths get too many of them, it could cost them their jobs.

So they need to tell you anything they have to have you show up at the appointed time that you scheduled with them.

I read once that people were being promised a new boat. (Now who wouldn’t show up for that?) After the presentation, the new boat that was promised, ended up being a new toy boat! Now in all honesty it was probable a very nice toy boat.

But I’m sure the turnover in the gifting department was like a revolving door because the poor employees that had to give over a toy boat most likely got an ear full on an hourly basis.

Anyway you get the picture. You know the old saying, “If it sounds too good to be true… it probable is.”

But the timeshare industry lives and I hate to say thrives on the rule that there is a sucker born every minute.

And if you could hear the timeshare scams stories that I hear, you would probable believe that yourself.

Now it’s not just the people that you might think that maybe a gullible, because this group includes, doctors, lawyers and Indian chiefs.

How About You

But let’s talk about you, so you went ahead and took to plunge. You took the timeshare salespeople at their word and all the promises they gave you.

You took the hook, line and sinker. You signed on the dotted line and now you’re the proud new owner of a timeshare.

You may even use it a time or two. But now it’s not really turning out exactly like you were told that it would at the time you purchased the timeshare.

They did tell you that they were building new units so just because you had a difficult time booking your vacation, you were still able to do it.

And just because the swimming pool was so crowded that you were only able to soak your big toe, they did say they were going to build two more swimming pools, the construction just hasn’t started yet. It will all be done by the time you come back next year.

But it’s not. Now you’re getting a little ticked, okay a lot ticked!

Your Timeshare Contract

You get out your timeshare contract. You’re sure all this stuff would be covered in the contract. The nice salespeople told you it would be... You know they wouldn’t lie to you.

Of course you didn’t have time to read the contract. They told you at the time you signed it that you didn’t have to. It was just a standard timeshare contract. And you took them at their word.

Oh boy. There’s trouble!

Now you learn that the internet is full timeshare resale scams.

How To Cancel Your Time Share

It’s at this point that many people began to think about how to cancel a timeshare purchase and they learn it’s NOT easy to get a timeshare cancellation.

Many people that have been a part of one of those timeshare scams send a timeshare cancellation letter. But they learn this is no help.

The biggest question for many timeshare owners is how do I cancel my timeshare? I’ll tell you more about that in a minute.

Now Back To You

You have decided that you want to get out of the timeshare contract.

So, you call the timeshare company because you want to know how to do a timeshare cancellation. You tell the timeshare company that you have been a part of a timeshare scam.

The timeshare resort tells you, “Sorry. You have signed a legal binding contract and there is no way for you to get out of it.”

But you say, “Yes, but what they told me was, they were going to be more building at the resort and that hasn’t come to pass.” This is a timeshare scam!

The customer service person asks, “Is all that in the timeshare contract?”

“No, but I know they told me that. My wife was right there with me and she heard it too.”

“BUT is it in the contract?”

“No… but…”

“I’m sorry there is nothing I can do. It is a legal contract. Enjoy your timeshare. Have a nice day. Goodbye.”

And now, you feel like you have no recourse.

Good News For Timeshare Cancellation

But WAIT . . . I’m here to tell you some good news about wanting a timeshare cancellation.

You are stuck with that timeshare contract only if you want to be.

What the timeshare resort has done to you can be UNDONE.

I know that there are so many people out there that need to hear that. There are so many people filled with anger, fear and hopelessness.

Take back your sleepless nights and know that there are ways that you can take action against the timeshare scams.

The good news is, your timeshare contract can be canceled. Yes a cancel timeshare can be a reality.

We have valuable FREE information that will help you discover how to cancel timeshare contract – yes, you can permanently cancel your timeshare payments, all maintenance fees and your entire timeshare contract.

If you own a timeshare and would like know how to cancel a timeshare, to learn more about a timeshare cancellation see our frequently asked questions at: www.timesharecancelcenter.com/faq  or call us at Call 24/7: 1-855-600-9053

Bridge Loan for Owner Occupied Home - How does it work?

HOW DOES A BRIDGE LOAN WORK

Bridge Loans are Asset-based loans (ABLs). These loans are revolving lines of credit or term loans that are secured by the borrower’s assets such as a real estate.

How much credit a borrower can access is primarily determined by the quality and value of the collateral, which can range from accounts receivables and inventory to equipment and real estate.

For a real estate a bridge loan transactions is to finance the initial construction of a dwelling with a terms of twelve months or less, such as a loan to purchase a new home where the consumer plans to sell a current dwelling within twelve months.

Reasons to take a Bridge Loan:

•   Move before you sell your current home
•   A better alternative than obtaining an equity partner
•   Bridge the gap, while waiting on conventional financing
•   Down payment to begin a build-out project
•   Acts as a line of credit with access to 5 loan drafts over 120 days
•   Equipment purchasing
•   Cash flow stabilization
•   Working capital
•   Acquisition
•   Turnaround financing
•   Capital expenditures
•   Debtor-in-possession (DIP) financing
•   Growth
•   Recapitalization
•   Refinancing/restructuring
•   Buyout
•   Leveraged employee stock ownership plan (ESOP)

Benefits of Bridge Loan:

•    Fast and convenient
•   Saves money
•   Flexible
•   Keeps you in control of your business

CFPB Renewal Temporary or “Bridge Loan” 
12 CFR Part 1026 (Regulation Z)
§1026.43 Minimum standards for transactions secured by a dwelling.

Under § 1026.43(a)(3)(ii), a temporary or “bridge” loan with a term of 12 months or less
is exempt from § 1026.43(c) through (f)    (known as the seven gate of hell)

What are the sections of CFPB?

§1026.43(a) Scope
§1026.43(b) Definitions and under this section you find this information:
§1026.43(a)(3)(ii)  exempt for bridge loan the following sections

§1026.43(c) Repayment ability
§1026.43(d) Refinancing of non-standard mortgages
§1026.43(e) Qualified mortgages
§1026.43(f) Balloon-payment qualified mortgages made by certain creditors

The following sections still apply to bridge loans:
§1026.43(g) Prepayment penalties
§1026.43(g) Evasion; open-end credit.

What is the definition of a “Bridge Loan”?
It is a temporary or “bridge” loan with a term of 12 months or less, they are:

  such as a loan to finance the purchase of a new dwelling where the consumer plans to sell a current dwelling within 12 months or a loan to finance the initial construction of a dwelling;

  a loan to finance the purchase of a new dwelling where the consumer plans to sell a current dwelling within 12 months and a loan to finance the initial construction of a dwelling.

  1026.35(c)(2)(v) A loan with a maturity of 12 months or less, if the purpose of the loan is a “bridge” loan connected with the acquisition of a dwelling intended to become the consumer's principal dwelling.

  1026.32(d)(1)(ii)(B) A loan with maturity of 12 months or less, if the purpose of the loan is a “bridge” loan connected with the acquisition or construction of a dwelling intended to become the consumer's principal dwelling; or

  1026.35(b)(2)(i)(C)A temporary or bridge loan with a loan term of twelve months or less, such as a loan to purchase a new dwelling where the consumer plans to sell a current dwelling within twelve months; or

  1026.43(a)(3)(ii)A temporary or “bridge” loan with a term of 12 months or less, such as a loan to finance the purchase of a new dwelling where the consumer plans to sell a current dwelling within 12 months or a loan to finance the initial construction of a dwelling;

Things to consider when doing a bridge loan.

A creditor must determine in each case if the transaction is primarily for an exempt purpose. If some question exists as to the primary purpose for a credit extension, the creditor is, of course, free to make the disclosures, and the fact that disclosures are made under such circumstances is not controlling on the question of whether the transaction was exempt.

FACTORS. In determining whether credit to finance an acquisition—such as securities, antiques, or art—is primarily for business or commercial purposes (as opposed to a consumer purpose), the following factors should be considered:

GENERAL.
1.The relationship of the borrower's primary occupation to the acquisition. The more closely related, the more likely it is to be business purpose.

2.The degree to which the borrower will personally manage the acquisition. The more personal involvement there is, the more likely it is to be business purpose.

3.The ratio of income from the acquisition to the total income of the borrower. The higher the ratio, the more likely it is to be business purpose.

4.The size of the transaction. The larger the transaction, the more likely it is to be business purpose.

5.The borrower's statement of purpose for the loan.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel:  (623) 582-4444
Texas Tel:     (512) 516-1177
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
   
 Equal Housing Opportunity. *APR varies from 9.6 – 12.5% **Contingent on valuation and site inspection. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. This is not a Good Faith Estimate (GFE) and should not be considered as such. Costs, rates and terms can only be determined after completion of a full application. Mortgage rates could change daily. Actual payments will vary based on your individual situation and current rates. Products are available in Arizona only. To get more accurate and personalized results, please call (623) 582-4444 to talk to one of our licensed mortgage experts. Terms and conditions of this and all loan programs are subject to change without notice. Level 4 Funding LLC is licensed in the State of Arizona, NMLS 1018071 AZMB 0923961.