Budget Finance Company can also fund mortgages for a variety of purposes. If your loan purpose is one of the types listed below, we may be able to help you secure a mortgage so that you can accomplish your goals.

Rate and Term: Payoff an existing higher interest rate loan to lower payments and improve cash flow. Generally, the borrower does not want cash out.
Remodel/Renovate/Home Improvement: Restoring real property, whether its owner occuied 1-4 units, 5+ units, mixed use properties. This also includes office builidngs and other commercial real estate.
Tax Liens: Payoff tax liens imposed by federal government, state government and other taxing authorities.
Property Taxes: Pay deliquent and/or defaulted property taxes to avoid a tax sale.
Abatement Leins: Payoff liens imposed by local governments for clean-up of property and other remedies taken to cure a problem where the property has been declared to be a nuisance or unsafe where its condition(s) exist that are dangerous to the property owner or others.
Child Support Leins: Court ordered child support becomes a lien on the owners real property, just like a mortgage.
Judgements: A creditor(s) has obtained a judgement against the property owner and perfects the judgement by recording it in the real estate records of the county, thus the judgement attaches to the real property as other liens, and mortgages.
Debt Consolidation: Payoff higher interest credit cards and other debts, improve cash flow.
Education Expenses: Self explanatory.
Bail Bond(s): Payoff bail bond liens secured by real property and/or provide the needed funds for a cash secured bail bond.
Refinance Existing Loan: Pre HUD acceptable. Including conversion and installation on a permanent foundation.
Purchase: Purcahse new or exisitng and provide funds for installation on borrower's property. Park condominiums are acceptable.
Costs of Admin/Creditor Upon Estate: and court affirmed creditor claims on the estate. Examples of creditor claims: decedents unpaid credit cards, medical bills, other loans.
Real Property Improvements/Rehabilitation: Used to prepare property for sale, or upgrade prior to distribution to the heirs.
Inheritance Taxes: Provide liquidity to pay inheritance taxes and allow the assets to be distributed to the heirs.
Cure Default on Existing Mortgages: Save property for foreclouser by current lien holders.
Heir(s) Purchase Property From Other Heir(s): Provide financing when some heirs want to keep the estate property when distributed and others may want to sell.
Payoff Chapter 13 Bankruptcy: After the borrower has been in the plan, BFC maybe able to assist by paying off, throught the bankruptcy trustee, the remaining balances to the creditors. Borrower(s) will no longer be under the perview of the court and can regain control over their finances.
Rehabilitation/Home Improvement/Remodel/Renovate: Restoring real property, whether its owner occuied 1-4 units, 5+ units, mixed use properties. This also includes office builidngs and other commercial real estate.
Funeral Expenses: When cash or other liquid assets are not readily available. Most funeral homes require payment prior to the funeral.
Recievership: Financing for court appointed receivers of business entites. Provides working capital for the business, costs of administration, while the receiver and court begin process of liquidation of the assets or the sale of the business.
Partial Interest Financing: Provide financing for one or more co-owners to meet their borrowing needs.
Complete (new) Construction: Whether it's an SFR, Units, Strip commercial center or office buliding.
Land Contracts: Payoff the existing contract and allows borrower to obtain clear title to the property.
Guardianship: Loans to court appointed guardians for the care and upkeep of minor children. Loans to guardians make available funds for housing and other needs for the minors. These needs include--clothing, feeding, education, etc.
Conservatorship: Loans to a court appointed person(Conservator) to take control of a persons affairs when it is deemed that a person (Conservatee) cannot not properly care for themselves. Reasons for borrowing include provide housing, feeding, and medical care of the person.
Trusts: Loans made directly to the trust--there is no need to deed the property out of a trust.
Co-Op Financing: A co-op is a legal entity that owns real estate and individual shareholders are granted the right to occupy one housing unit. These loans are secured by the borrower(s) stock in the cooperative.
Non-Recourse Financing: The borrower is not personally responsible for the debt. In the case of default the lender will then recover what is owed by foreclosing on the real property securing the loan.
Notes Purchased: Sell your secured note receivable and obtain immediate cash.
Vacation Home(s): Funds or the purchase/refincance of a borrower(s) second home.
Condominium Conversion: Provide funds to convert units from rental units to condominiums.

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