Financing in Miami>Question Details

JOHN, Both Buyer and Seller in Paramus, NJ

Looking for mortgage brokers or hard money lenders who deal with people who has high debt ratio.

Asked by JOHN, Paramus, NJ Tue Apr 22, 2014

Looking for mortgage brokers who deals with multiple lenders and not just one. So I can see if their is any program out there. If all else fails hard money lenders is what I need for the time being. The reason behind this, is that I own multiple family home in another state, I was looking to purchase a home in Florida. I do not want to sell my home, until I have another one set in place. Renting 1st before buying is not option for me at this time. Furthermore, selling and waiting is not option. I heard nightmares, that some people sold their home 1st and was not able to get another home right away, for months, even up to a year. So this is concern for me. I have plenty of equity in the home I have now, which someone told me I should use the equity in order to get a loan I need. My debt ratio is consider high. I was also told having a mortgage already makes it harder. Someone out there must know what can be done or can refer me to someone. Any other advice will be great.

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John:
How are you? You need a mortgage company who specializes in portfolio, self employed and hard money private lender mortgages...Please "CALL ME" anytime to discuss 561-732-6376 Neil Sherry Florida Mortgage Consultants NEIL SHERRY FLORIDA HARD MONEY PRIVATE LENDER MORTGAGES!!!

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nlms #328117

Doing your due diligence and getting answers to these questions will help you weed out brokers and save you time.

Are you a direct lender or a broker?
Are you lending your own money or investors'?
What types of properties do you fund most?
Where are most of your loans made?
Can I use my own Title Company and escrow?
What do you typically charge (closing costs and interest)?
Can you give me an example of a deal that best represents your niche?
To what extent does an exit strategy play a part in your approval decision?
How long does it take you to prepare documents and to fund my deal?
Can you go off of a Broker Price Opinion for value?

Beware of those who say "We can do it all and everywhere" and those who can't give a straight answer these simple questions.

HARD MONEY-PRIVATE LENDING " WE SPECIALIZE IN NON OWNER OCCUPIED RENTAL PROPERTY FINANCING"


NEIL SHERRY "YOUR HARD MONEY/PRIVATE EQUITY LENDING EXPERT" FLORIDA MORTGAGE CONSULTANTS 561-732-6376

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ALTERNATIVE EMAIL-nsherry972@aol.com





NEIL SHERRY -PRESIDENT
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1-561-596-5605 cell
1-561-423-8089 fax
neil@flmtgcon.com

http://WWW.FLORIDAMORTGAGECONSULTANTS.ORG
0 votes Thank Flag Link Sun Apr 27, 2014
Most hard equity lenders do not care much about your ratios, they focus on Loan to Value. If you have a substantial down-payment, 30% plus, please email me so that I can refer someone that can assist you. Best wishes.
0 votes Thank Flag Link Fri Apr 25, 2014
I have a couple of options. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been offering loans since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.

Bart Gabe - Lending Nationwide Since 1987

800 315 8803

http://www.bartprequalifies.com

bart@bartprequalifies.com
0 votes Thank Flag Link Tue Apr 22, 2014
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