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Financing in Park Slope : Real Estate Advice

  • All128
  • Local Info21
  • Home Buying30
  • Home Selling4
  • Market Conditions10

Activity 2
Mon Mar 28, 2011
Coldwell Banker Shayovitz Realty answered:
In my opinion, get a short term hard money bridge/construction loan. It's expensive, but you can close in 2-3 weeks, finish the job and refinance.
Lenders, Coney Island Capital Group, or Approved Funding Mortgage Bankers may consider it.
Call 718-339-8800
Ask for Jacob
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Fri Oct 12, 2007
Ken Herrera Group answered:
A good Rule of Thumb is if you have great credit and good relationship with your bank, they are probably going to be able to give you the best deal. Banks are going to be a little stricter and there is more red tape in order to qualify. A Broker will have a wider vareity of loan products. Interview at least 2-3 Mortgage Lenders and make sure to compare apples to apples. If you can get references from past clients, by all means call them and check on the service. Remember that a mortgage is not just about the payment and the interest rate. Primarily, focus on the best loan that fits your financial needs/ goals, not only for today, always keep the future in mind.

Good Luck
Ken Herrera
Century 21 Infinity
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