Frustrated with restrictive lending. Have perfect credit. Have no debt. Have all equity in my rental property. Have 825 fico. have one problem:

Asked by Dh, Kenilworth, IL Tue Oct 2, 2012

income/debt ratio only obstacle to purchasing my.home.
Any private lenders????
Any conventional lender, broker can't help..ive tried... Need a loan asap.
Im zero risk.
Perfect credit.
landlord 3x over.
Not a.single missed payment.
banks lenders brokers all.same strict rules.
Any private lenders that I, verify legitimacy? Thanks in advance for any advice.

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Web reference:


Michael Decm…, Mortgage Broker Or Lender, Bolingbrook, IL
Tue Nov 11, 2014
DTI up to 50. For a complete evaluation and a quick loan determination contact me 7 days a week. Can use 1 years tax returns.

Mike Decman
Cherry Creek Mortgage Company
6440 Main Street, Suite 320
Woodridge, IL 60517
Loan Officer NMLS # 847074
Office 630-427-4668
Cell 239-633-6323
e-Fax 800-863-5473

To Apply:
0 votes
Dh, Home Buyer, Kenilworth, IL
Mon Oct 8, 2012
Really imperative I obtain small loan.
Please help.
0 votes
Dh, Home Buyer, Kenilworth, IL
Mon Oct 8, 2012
Still struggling with this....
Any other answers welcome.
Still no loan.
0 votes
Dh, Home Buyer, Kenilworth, IL
Wed Oct 3, 2012
Thank you both for your speedy answers. You have given me hope and I will follow up today.
0 votes
Osh Nissan, Agent, Evanston, IL
Wed Oct 3, 2012
I would be happy to put you in touch with a couple of portfolio folks that I refer my investor clients to.
Ashur 'Osh' Nissan
Weichert, Realtors - Lakeshore Partners
0 votes
Maria Cipoll…, Agent, Coral Springs, FL
Tue Oct 2, 2012
A lenders common guideline for debt to income ratios is 33-38. Meaning if you spend 33 percent of your monthly income, you need to add your housing expenses and it should not exceed 38 percent of your monthly income to pay for those obligations. You should not give up. Keep looking until you find an experienced mortgage broker that can review your documents and advice you on how you can qualify for a mortgage loan, even if you have to wait until you file your next income tax.

Best of Luck,

Maria E. Cipollone

http://www.Century 21 Tenace
0 votes
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