NEW TO THE BIZ - NEED ADVICE

Financing, Hard Money Lenders, Private Money
1

I HEARD YOU CAN GET A LOAN FOR A BORROWER WITH BAD CREDIT AND NO MONEY DOWN WITH A GOOD INTEREST RATE? IS THIS TRUE?

P.S. NOT FHA

DAVID

2

Quite simple- NO

3

:biggrin

4

David, Welcome to the REI Club.

NO! You have obviously been talking to the wrong people. Each scenario in the Sub Prime mortgage market is different.

The credit impaired can get loans just not high Loan To Value (LTV) loans. The LTV is going to be low, 90% max, and the rate is not going to be near conforming rates.