Owner Occupied Loans.

I get numerous requests from people who want me to make a loan to purchase an OWNER OCCUPIED HOME. or to refi their delinquent owner occupied home loan. Sorry, I CANNOT MAKE THOSE KINDS OF LOANS. I’m not licensed to do them and I am not equipped to handle the reams of paperwork associated with that activity.

I will however make exceptions if the loan proceeds are to be used for business or investment purposes.  For instance if you’ve found a business or an investment property you want to purchase and you have a lot of equity in your home, I will consider even a second mortgage. I will however require that you have A LOT of equity  and have a clear exit strategy.