Top 6 Product Updates of 2019

Posted by Hannah Lapin on Dec 24, 2019 9:00:00 AM

Best Product Updates 2019

We can’t believe 2019 is wrapping up! We’ve had a great year and have appreciated the invaluable feedback of our customers and partners to help us continue to improve our products. At Visio Lending, we strive to provide our investors with optionality and the ability to customize our loan products to meet their investment needs. Here’s a look at our top seven product updates of 2019:

We restructured our Portfolio Plus Loan Program to make rates more attractive.

  • Previously, investors got the lowest rates if their portfolio was larger than $400,000. Now, investors will get lower rates in additional increments of $300,000.

We added in additional prepayment buy-out options.

  • We previously offered our standard 5/4/3/2/1 structure and a 3/2/1 structure. In 2019, we added new structures. Learn more about our prepayment penalty options.

We revamped our Portfolio Plus Program to include vacation rentals and more prepayment penalty options.

  • With this update, you can refinance 4-8 vacation rentals is in one loan with one monthly payment. You also now have more buy-down options to customize your loan.

We streamlined our vacation rental requirements.

  • Including reducing the minimum reserves from 12 months to six months.

We now lend in Hawaii.


For our New York borrowers, we are now offering CEMA loans.

  • CEMA stands for Consolidation Extension and Modification Agreement and can help save New York borrowers lots of money for tax purposes. Learn more about CEMA. 

 

Stay tuned for even MORE exciting product features in 2020! Sign up for our email updates to be the first to know. And start taking advantage of these product updates today! Contact us to start your loan. 

Contact Us

 

Wondering how this can improve your strategy? Check out our Investor Resources and Broker Resources to help you maximize your monthly cash-flow!

Related: Understanding ECOA, Complete Guide to Visio’s Residential Rental Loans

Editor's Note: This post was originally published in December 2019 and has been updated in March 2020 for freshness and accuracy. 

Topics: Real Estate Investing

Most Popular

Disclaimers: Please note that our blog contains affiliate links, and at no additional cost to you, Visio Lending will earn a commission if you decide to make a purchase after clicking through the link. As an Amazon Associate, I earn from qualifying purchases. Please understand that we have experience with all of the companies we recommend, and choose to refer our borrowers and partners because they are helpful and useful, not because of the small commissions we make. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

 

The information in this blog has been prepared solely for informational purposes. The contents are based upon or derived form information generally believed to be reliable although Visio accepts no liability with regard to the user's reliance on it. For legal advice, please contact your counsel.

Post By Topic

See all
Visio_Lending_wht_horiz_300png

Visio Lending is the nation's premier lender for buy and hold investors offering, long-term loans for SFR rental properties, including vacation rentals.

 

Our Office
1905 Kramer Lane, Ste. B700
Austin, TX 78758
 
Contact Us
888.521.0353
Visio Lending
Loan Programs
Our Process
Partner Programs

All rights reserved. Copyright 2022. All loans are originated by Visio Financial Services Inc. or Investor Mortgage Finance LLC. Visio Financial Services Inc. is licensed by the California Department of Business Oversight as a California Finance Lender, license number 60DBO-56345 as well as by the Arizona Department of Financial Institutions as a Arizona Mortgage Banker, license number 1010600. Visio Financial Services Inc. company NMLS ID number is 1935590. Investor Mortgage Finance LLC is licensed by the Arizona Department of Financial Institutions as an Arizona Mortgage Banker, license number 1034031. Investor Mortgage Finance LLC’s company NMLS ID number is 2297729. For more information about the use of our Website, please see our Terms of Use and Privacy Policy.