Company Description:
My name is Alexander Ferencz. I am a 57 year old retired individual. Almost a year ago, I bought a piece of investment property in Windber, Pennsylvania at a tax sale and own it free and clear. It is worth approximately $25,000 and I plan to rent it for $450 a month. I have been trying to get a loan on it thru banks, etc. for the purpose of un-secured debt consolidation and a small amount of property rehab. The problem that I have been running into with traditional lenders is that my DTI ratio is too high and no traditional lenders will give me a loan on this investment property. I have good credit, etc. and have a recent copy of my credit report that I can fax you immediately to prove it. I would like any kind of loan (fixed, arm, interest only, interest only balloon payment, etc.) that would give me the lowest payment for the term of the loan. Thanks.
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