WESTLAKE, Calif., Dec. 10, 2018 /PRNewswire/ -- Velocity Mortgage Capital has announced the launch of its WIRE (Women in Real Estate) initiative designed to encourage more women to participate in real estate investment.
The company introduced the program at the National Association of Mortgage Brokers (NAMB) Conference in Las Vegas with the help of Nicole Curtis, star of the long-running hit HGTV and DIY Network show Rehab Addict. Curtis, a successful real estate investor in her own right, says, "I've made more money in real estate than I have from being a TV star."
Curtis continued, "women aren't going to risk their farm to get ahead and that's why I don't they think they get into real estate. I often hear things like 'my kids are still in school' and I tell them to start small – don't buy a Gucci purse, set money aside for real estate investing. Real estate is a business, and being in business involves risk. My advice to women – 'toughen up buttercup.' By this I mean, figure it out, find the right lender, make it happen!"
"There's a problem in the financial services industry, and we want to fix it," said Chris Farrar CEO of Velocity Mortgage Capital, a nationwide, direct portfolio lender which works with brokers to provide mortgage programs for residential 1-4 investment properties, as well as multi-family, mixed-use and other small commercial properties.
It's estimated that 35% of residential investment and small commercial property borrowers don't qualify for traditional bank mortgages. "At Velocity, we believe every borrower deserves the opportunity to invest in real estate – especially women, who often have higher credit scores and lower default rates," said Farrar. "We're offering special incentives for female investors and women-owned businesses that include a free appraisal, discounts on underwriting fees, and a credit on closing costs on their first loan with Velocity."
Mortgage brokers who want to learn more about the benefits of the WIRE initiative for their borrowers should contact a Velocity Account Executive or visit https://www.velocitymortgage.com/wire to request more information.
About Velocity Mortgage Capital
Since 2004, Velocity Mortgage Capital has funded over $2.5 billion in investment and commercial property loans. By focusing more on the property's value and revenue-generating potential rather than the borrower's personal income and credit, our asset-based investment property loans enable brokers to meet the unique needs of real estate investors who are tough to qualify, including W-2 employees, self-employed entrepreneurs and small business owners. Velocity's financing programs range from temporary, short-term, credit repair and fix-and-flip programs to 30-year, fully amortizing mortgages with flexible terms to meet the diverse needs of real estate investors. Because every borrower, even the extraordinary ones, deserves an opportunity.
SOURCE Velocity Mortgage Capital