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Author Topic: How to find a Direct Lender  (Read 2251 times)

Offline shinauldc

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    • www.altretention.com
How to find a Direct Lender
« on: November 28, 2006, 06:12:38 pm »
 :-[

I'm an Investor. How do I find a Direct Lender for this scenario.

Cashout refi, Stated/Stated preferred, 90% LTV. MID FICO 669...
 
80% First @ 421,600 with 10% 2nd $52,700...looking for any program.
 
Prefer a  40 year and/or interest only, value is $527,000 - SFR CA.
 
I'm currently 60 days past due on several rental properties, however I am closing a cash out refinance of my primary residence which I will use to bring the loans within a 30 day delinquency....credit score is reflective of the mortgage lates.
 
How do I find a Direct Lender that allows mortgage lates?  ???
« Last Edit: November 28, 2006, 08:46:48 pm by shinauldc »
Charles Shinalo
Alternative Retention Solutions LLC
888-652-5860 ext 701 Office
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[email protected]

Offline DeeinAustin

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    • CopelandGroupRealty.com
Re:How to find a Direct Lender
« Reply #1 on: November 28, 2006, 11:05:12 pm »
Check the investor resources on the left. Hard money lenders, investor network ads, local service providers, etc. You can also check with a local investment club for referrals.
Principal Broker, Copeland Group Realty
Green Construction and Investments
http://www.MyClientsBuyLand.com
My Clients Buy Land...and Houses Too!

Offline christopher w

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Re:How to find a Direct Lender
« Reply #2 on: November 29, 2006, 01:27:10 pm »
With that many late pays you will have to go to a non-prime lender. I don't know of any non-prime companies that deal directly with the public. Typically they are wholesale or correspondent only; which means that you have to deal with a broker to use them. Good Luck.
Christopher W
C-214.923.5781

Offline markoarko

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Re:How to find a Direct Lender
« Reply #3 on: December 01, 2006, 10:11:10 pm »
So how can we help you to not be

quote "60 days due on several rental properties"

is maybe a more approprate question?

 




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