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High
Loan to Value
CRC offers a loan to value (LTV) up to 70% of the after
repair value of the property -- which means you won't have to come up with any
cash at closing if you buy the house at a low enough price.
If you have
excess loan funds available at closing, you can elect to take cash from closing
for working capital (max $2,000), escrow excess loan funds to make your monthly
interest payments, and/or reduce the loan amount.
Fast Processing
Fast processing is critical to your ability to buy properties from sellers who
want their money yesterday. With CRC you normally will receive preliminary loan
approval on a property within 48 hours. Once preliminary approval is received,
we usually can close a loan within 2 days after we receive the title commitment,
inspection report, appraisal report, and bids if required by our inspector.
Draw funds are wire transferred to your bank account the day after the draw inspection is made.
Low Cost Loans With No Hassles
You don't need to furnish income statements, financial statements, or income tax
returns to become an approved borrower under CRC's loan program. You only need
to fill out a 1 page "Borrower Application Form", sign the "Texas
Mortgage Broker/Loan Officer Disclosure Form" and mail or deliver them to
us with a $25 application fee.
CRC provides full disclosure of its fees.
Others quote a low fee in their marketing material, but have 'junk fees' that
can add up to well over one thousand dollars.
Guidance
CRC has been offering guidance to new investors since 1995. We will do our best to help you succeed as an investor. | 
