An Overlooked Source Of 100% Financing For Real Estate Investors

PRLog (Press Release) - Feb 09, 2010 -
One hundred percent financing is the holy grail for real estate investors all across America. Add "no credit check" to that and you're on the verge of nirvana. In the current economic climate, even investors with credit scores of 700 and above have been turned down by banks, mortgage companies, and hard money lenders. After getting turn down after turn down, many real estate investors have simply decided to wait until the economy improves before getting back into the game. However, that strategy results in many hundreds of thousands of dollars in lost profits. Because you have to be in the game to win it. Now, thanks to the website, http://www.100percentrealestatefinancing.com [100percentrealestatefinancing.com], there may be hope.

http://www.100percentrealestatefinancing.com [100percentrealestatefinancing.com] is a new website that seeks to organize real estate investors like never before. It is the brainchild of Dennis King who after having been turned down many times for financing himself came up with an idea. His idea involved starting an organization by real estate investors to fund deals for real estate investors. Says Mr. King, "All of a sudden a credit score 700, 720 and even 760 wasn't good enough. Not too long ago a score of 620 all it took to qualify for a loan. It seemed like lenders were intentionally finding reasons to deny loans". His goal was to initially  provide true asset based loans for down payment and closing costs and eventually provide one hundred percent financing. All with no credit check.

So, he set about investigating ways real estate investors could come together and help to meet their own needs. His initial idea was to form a bank. But after looking into all of the requirement necessary to do so, he dropped that idea. Upon further research Mr. King decided on the establishment of a national credit union to accomplish his goal of creating a financial institution geared towards real estate investors.

There are several steps that must be taken in order to establish a credit union.  The first of which is to establish a "field of membership". It seems that real estate investors as a group would satisfy this requirement. The next task is to survey as many real estate investors as possible.

http://www.100percentrealestatefinancing.com [100percentrealestatefinancing.com], seeks to do just that. Anyone interested in obtaining 100 percent real estate financing should visit the site and weigh in on whether or not they would like to participate in making it a reality.