Creative Financing

One of the many services I provide are ways to invest in St George Utah real estate creatively! This is about another way to create wealth in our awesome St George and southern Utah real estate market. Without a mortgage or loan. Let’s explore a great example by using your investment backed securities. Also known as an LMA. Read more about LMA’s

Home ownership is a core goal for many people, providing them with not only a place to live, but a place to bring family together. Whether a primary residence or a vacation property, real estate can represent a significant portion of one’s wealth that offers the added benefit of potential for appreciation over the long-term. While most people look to a mortgage to finance their home purchase goals, there may be other non-mortgage alternatives to consider.

Borrowing against the value of your investments through a Loan Management Account® (LMA®) can offer an alternative to traditional mortgage financing. An LMA can provide you on-demand access to the cash you need to fund a real estate purchase with the added benefit of not having to liquidate your investments to meet the down-payment requirements associated with many more traditional home financing solutions. Borrowing through an LMA allows you to keep portfolio assets invested for the long-term and potentially avoid the tax consequences associated with selling appreciated investments. Given these factors, it is not surprising that a significant amount of LMA lending is used by Merrill Lynch clients for home purchases or other real estate-related expenses.

About LMA’s

What is a Loan Management Account (LMA)? A Loan Management Account is a flexible line of credit that allows you to tap into the value of your investments to provide you the cash you need, without having to sell your securities. An LMA is a securities-based demand line of credit where you pledge your investments as collateral for the loan and they stay in your account and invested in the market. Once put in place, an LMA offers you a way to access cash on-demand up to the pre-approved credit limit determined at account opening with the added convenience of not having to apply for credit each time you need it. Securities-based lines of credit, like an LMA, tend to offer lower interest rates than unsecured debt such as credit cards and potentially higher loan amounts, allowing you to use the line of credit for a larger range of purchases. An LMA can be a cost effective way to meet your cash needs and achieve your goals, including real estate purchases, with competitive variable interest rates, no closing costs and no ongoing maintenance costs not found in a traditional mortgage. However, an LMA does have risks which must be carefully considered.

Call me today so I can give you a private tour and show you the inside of all the homes for sale that meet your criteria in Washington County in less than two hours! I can show you any home for sale in the St George area listed by any company anywhere in the city. Then you don’t have to keep searching for open houses on the weekend. We can go anytime you want. Let’s get you out there.

Contact me and I can help get you fully qualified because when you find that perfect home in southern Utah you will want to be ready to write the offer on your new home. You do not want to lose your dream home because someone had a strong qualification letter from their lender showing that they are capable of purchasing the home. Contact me and I can help direct you to the lender that will do the best job for your particular situation.