Fone Payinc.com
Since 1996
Knowing where you are in
the loan process is golden.
We Have Over 1,000 Loan Products to Serve You.
Get the Funding you need to help you achieve your goals.
We fund loans banks won’t consider.
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Loans up to 125% LTV Fix n Flips
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Up to 75% of the Equity in your Home or Office
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We Have Many Credit Situation Loans
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Short and Long Term Loans
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7 to 10 day Closings
We are an equity based lender and approve applications based on equity and ability to repay the loan, instead of past credit and payment history. Borrowers must only have a minimum of 30% equity in their property. However, if there is not enough equity, we may be able to cross collateralize the loan to another property that you own. If you have bad credit or are currently going through a foreclosure or bankruptcy, we may be able to assist you regardless of the circumstances.
Here is a Partial List of Loan Products to Serve You.
OUR LOAN PROGRAMS
Some programs and products provide lenders with solutions for a wide variety of borrower needs for home financing.
Near-Prime Loans
Loan programs with enhanced pricing for your most qualified borrowers.
Alternative Qualification
Unique methods to qualify borrowers based on income, employment and assets.
Jumbo Loans
Jumbo loan programs, with features that provide more flexibility in qualifying.
Moderate Credit
Flexibility for borrowers with recent credit events or additional difficulties.
Investor
Products specifically designed for US or foreign real estate investors.
SP A6
FF
SP A5
SP I5
SP I6
SP I3
SP M4
Moderate Credit Bank Statement
SP M3
SP P2
SP P1
Near-Prime Pay Stubs & Tax Returns
SP J8
SP A3
SP S2
SP S1
Super Jumbo Pay Stubs & Tax Returns
Our Loan Programs
Programs and products are designed for lenders to solve a wide variety of borrower needs for home ownership.
Click a product to view highlights. Sign up to view product details, rates sheets and more.
Alternative Qualification
Unique methods to qualify borrowers based on income, employment and assets.
Near-Prime Loans
Loan programs with enhanced pricing for your most qualified borrowers.
Near-Prime Pay Stubs & Tax Returns
Jumbo Loans
Jumbo loan programs, with features that provide more flexibility in qualifying.
Super Jumbo Pay Stubs & Tax Returns
Moderate Credit
Flexibility for borrowers with recent credit events or additional difficulties.
Moderate Credit, Bank Statement
Investor
Products specifically designed for US or foreign real estate investors.
As Seen in Fone Pay It Forward
Featured Site and How To Guide On an 1 -8 Unit with a Cash Rich Business... offering an Elderly Care Facility as your anchoring tenant for years to come. Paying ABOVE MARKET RENTS.
Elderly Care Facilities are supposed to be licensed in California.
Having a recent list of over
ten thousand sfr facilities in the state
- with phone numbers -
provides brokers an opportunity to capitalize on a market share that does not have many funding suitors. Traditional banks do not do these ' businesses ' that are in sfr's.
Although we can assist with commercial elderly care facilities, the residential sector of elderly care facilities have an abundance of needed funds for these cash rich businesses. Buying or refinancing. Loans are available where you can do the repairs and take cash out, pay off existing loans with lower rates!
RESIDENTIAL ELDERLY CARE FACILITIES with Loan Products
The Skinny Title
Two per Room, 8 clients
4 Bedrooms
All of our clients know we take pride in caring for your home. Helping establish if you need improvements or upgrades, or if it just makes sense to take cash out, are just part of the decisions we help you with.
Thinking of Selling ?
3 Bedrooms
Finance even beyond 125% of your current value. Financing repairs, paying off other debt while lowering your payments is just a part of the options available to you, so you can net the best profit.
Profits Shine Brighter
6 Bedrooms
We offer you the comfort of knowing your investment as an elderly care facility WILL FUND. Many of our clients say other than an SBA route where SBA will encumber ALL of your Real Estate even future real estate.
Low Rates 2-3%
Looking for CASH OUT?
Fone Pay, Inc.
Fone Pay services are cutting edge and amoungst the next generation of business tools. Bringing together simple solutions to help You rejuvenate your clients and
Brokerage in 2021.
Fone Pay has a broker platform ! You can make up to 4 points per deal in almost all loan products offered and as much as 5 points per deal with a few.
Reduce fall out and increase closings in less time. Better serve your clients with more loan products and better all around loan funding performance. Less Turn Times Are EXPECTED.
Have access to commercial and multi unit properties pocket listings.Have access to repeat clients while creating wealth management for a lifetime.
Fone Pay Offers Next Generation Of Business Tools, Text & Sendtm Pocket Listings
Broker Platform with YSP
Offer Commercial Real Estate Services
Commercial Real Estate Loans
CRE Financings
We can help you finance commercial land construction projects of nearly any size. We focus on ventures ranging from $5 million to over $1 billion. Our mission is to provide creative financing that is customized to fit your particular financial situation. Your construction loan can also be converted into a permanent loan upon completion of the project. We offer rates beginning at 5% fixed. In addition, we offer commercial purchase loans for nearly any type of structure or land you’re looking to acquire.
Equity Loans
One of the most challenging factors for developers and contractors is raising the equity necessary to even qualify for a construction loan. We can provide you with the equity you need to fund your project. We have the ability to lend a combination of equity and debt ranging from $5 million to $2.5 billion. Upon review of your project, your credentials, and your performance history, you’ll receive a letter of intent for both the equity and debt loans.
Project Types
We finance a wide variety of commercial and construction projects. We consistently fund condominium, retail, office, multifamily, industrial, hotel, casino, and conference center developments. We regularly finance larger projects including professional sports stadiums and arenas, concert venues, power & ethanol plants, as well as city and state infrastructure projects.
Business Line Of Credit (These Are Different Than Personal Lines of Credit)
A business line of credit is a flexible loan, in which a lender and a borrower agree to a limited amount of capital that the borrower can withdraw at any time. It is mainly used to help balance out a company’s cash flow. As the gap between payables and receivables widens for many companies, a line of credit serves to provide a level of consistency. These funds are generally intended to address short-term working capitalbest paper writing service needs, such as payroll, inventory purchases, funding future projects, or unexpected expenditures.
A line of credit provides a level of flexibility that a regular business loan doesn’t. There is no fixed repayment schedule or term. With a business line of credit, you pay interest only on the portion of money that you borrow. In addition, there is no monthly payment until the loan is used.
The balance in a line of credit is revolving; it allows borrowers to use the funds, repay them, and then spend them again. In this manner, lines of credit are very much like credit cards. While credit cards are easier to get than credit lines, they come with significant disadvantages. Credit lines typically have much higher limits and lower interest rates than do credit cards, making them a better fit for large expenditures and significant payables incurred by businesses.
$ 10 Billion
Offer Rates That Are Cutting Edge Low.
Competitive mortgage programs with rates in the two's & three's.
Non QM / Asset Based Lending Programs. Credit and Income Challenged are more than welcome.
Half of the investment loans FUNDED since 2010 are " Non QM ".
Ask how you can broker loans as a licensed business entity:
Investment Property Loans.
Personal Lines Of Credit
What Is a Line of Credit?
A line of credit works like a credit card: You use only as much as you need, and you pay interest only on what you use.
BEV O'SHEA & ANNIE MILLERBERND
Jan. 9, 2020Loans, Personal Loans
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.
A line of credit is a loan you use like a credit card. You borrow a set amount of money, but draw only what you need and pay interest only on the amount you use. It’s different from an installment loan, which you repay in full with interest over a fixed term.
Details on lines of credit
Three types of credit lines
" Personal lines of credit can be used for your own expenses, whether to purchase something or cover unexpected costs. Lenders determine how much you can borrow by evaluating your credit and other information like income & existing debt ".
Personal lines of credit are an alternative, since they are not tied to a property.
How lines of credit work
With unsecured lines of credit for personal or business use, a lender pre-approves you for a certain amount. Unlike an installment loan, you don’t necessarily withdraw the full amount immediately. Instead, you use the funds over time as you need them, and you pay interest only on the amount you use, rather than the full amount.
Personal and business lines of credit can be unsecured or secured. A secured loan requires you to pledge an asset as collateral. Your home is the collateral for a HELOC.
Requirements for lines of credit vary by type and lender, but borrowers with good or excellent credit (690 or higher on the FICO scale) have better chances of getting approved at the lowest rates available. Interest rates are usually variable, not fixed, so they can fluctuate.
A line of credit may also have an annual fee, which you generally have to pay regardless of whether you use the available funds.
With a HELOC, you have a “draw period,” which is when you can borrow the money, and a “repayment period,” which is when you pay it back. Some unsecured lines of credit also have repayment terms that are structured this way, says Nessa Feddis, senior vice president and deputy chief counsel for the American Bankers Association.
How a line of credit affects your credit score
Typically when you borrow money in your name, even if your home or business is collateral, the impact to your credit score hinges partly on your repayment of that money.
Missed payments are among the biggest factors in a drop in your credit score, so no matter the kind of credit line you’re considering, borrow only if you have a plan to pay it back.
ALTERNATIVES
Unsecured personal loans are similar to personal lines of credit, except you pay interest on the full amount you borrow.
Annual percentage rates on personal loans can be lower than on personal lines of credit, and rates are typically fixed. If you’re confident you’ll use the full amount you’re planning to borrow, a personal loan may be a better option.
Secured personal loans require you to pledge an asset, like a car or savings, to secure the loan. They often have lower rates than unsecured loans, but carry more risk, as the lender can take the asset if you don’t repay.
Business lines of credit
A business line of credit can be used to cover things like inventory or unexpected expenses. The amount you receive depends on qualifications like revenue and how long your business has been active.
Many of these loans are unsecured, but lenders may require collateral for larger credit lines.
» MORE: Learn about business lines of credit and compare
ALTERNATIVES
Small-business loans are better for large one-time expenses. Unlike revolving lines of credit, a small-business loan gives you a lump sum of cash that you repay over a set period.
Business credit cards tend to have lower credit limits than business lines of credit, making them a better choice for small expenses. But they can come with annual and late-payment fees. A business credit card is a good option for startup businesses.
LLC MEMBERS CAN SIGN
LLC Members Can Sign
A fix and flip builder operator ensures loans and proper funding for a $24 MM Loan Pipeline ..
.>>>> Brokers have loan pipelines that are often obscure or in need a bunch of exceptions to fit in guidelines and investor overlays. Having a few multi million dollar loans that need to close monthly provides the average broker a lengthy process of finding the right team and funding institutions to handle a $24 BB pipeline that is going to increase year over year.
What benefitted this broker was the higher LTV's, lower rates, costs and fees - only more important- were the terms allowing the LLC to have access of all funds, at once. No money in escrow, waitting for approval to release schedulled funds after work has been completed.
Closing time and value were detrimental, as always. Fixing and flipping beach front homes with success.
FonePayinc.com
A Practical Industry Blog and Site In Today's Modern 2021 Investment Property Real Estate Landscape.
Businesses, Broker's, Mortgage Servicer's, Investors Text 20,000 Clients in just 24 Hours
Example: Private Hard Money Mortgage Servicer
Insulates Loans Before Their Mortgage Term Ends. Where even just one reply and funded loan made the texting campaign profitable.
Low risk with our opted in clients. Clients and Brokers Benefit by texting.
Helps Their Brokers & Clients By SMS. When the Mortgage Servicer is Texting Client's Cell Phones in just 24 hours, it provided an astonishing open rate @ 10 - 25% of viewed texts.
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Bringing together those who need help. . .
with donators as well as our web architects to rebuild a concept.
Fone Pay Free has non-profit affiliate organizations throughout the country, eventhough we are
based in LA. The dream was to bring two different worlds of helping those less fortunate with a
service people need and have to do monthly anyways. Its our fresh and simple approach to
helping others. We GIVE BACK. We value the help we can provide. Ask how we can benefit you!
Text and Send tm has many uses and can can be a value to
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