Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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I am not sure what your question is exactly. Here is what I think you are saying. You did a short sale so you do not qualify for "institutional bank financing" Therefore you are using a hard money loan as a bridge loan until you can get your credit in good standing and then refinance with a bank in order to get a lower interest rate. I think this is what you are saying.
Ok, I wrote a book about this and I will be happy to send to you FREE of course. It's a quick read and very useful. Secondly, you might want to see where you currently stand with your credit rating and credit score that you can begin to rebuild your credit rating for a bank loan and not have to pay expensive hard money.
I can also assist you repair and rebuild your credit rating in 4-6 months. Therefore, make sure with your hard money lender that there is no prepayment penalty. If you work with me, I will fix your credit and you will then qualify for cheaper bank financing and I do not want you to have a "prepayment penalty" for obtaining cheaper money elsewhere.
The Credit Repair Expert