AIPIS 94 - Jeff Ball, Visio Financial Services and Econohomes

Finding an alternative to a traditional bank loan may not be as hard as you think. In addition to hard money lenders, financing companies such as Visio Financial offer short- and medium-term limits with significant interest rates. They offer no-document loans, which simply require a credit score to secure financing. The higher your score, the lower the rate.

Key Takeaways:

[02:33] We started out as a captive lender

[04:02] Our suite of products include short- and medium-term, plus document-free financing

[06:18] We can offer loans to investors who have reached their Fannie limit

[09:34] Buy and hold financing at 12% on a 3-year balloon

[11:50] Our borrowers have credit scores within the low 600s

[12:54] We have multiple sources of capital

[14:17] The higher your credit score the lower your interest

[14:52] Bridge financing is an interest-only product option

[16:00] Example of an innovative way to use our product

[17:54] Go to our website and tell us what you want, and you’ll get immediate pricing

[18:40] Jeff’s overall view on the economy

[21:23] What is the margin of error in flipping?

[23:31] While it may be a good time to be a landlord, it may be hard to find good rental properties

[25:15] People with great mortgages can’t make moving make sense

[27:45] Our annual survey is available on our website

Mentions:

Visio Financial Services

Econohomes