4 deals pending have $$$ just shy on FICO - Posted by ron

import · July 22, 2004, 6:10pm

Posted by michael schindler on July 23, 2004 at 24:03:39:

back end ratios pull your credit down? Please elaborate because I think there’s some terminology confusion here…because that would be impossible

import · July 22, 2004, 6:10pm

Posted by ron on July 22, 2004 at 18:10:37:

Ok, here is the deal. I have 4 rental property deals pending.
I have plenty of $$$ ( I can put down 20-25% on each)
Problem, is my back end ratios pull my score down- 580
I need help. Lenders please call at 630 674 1681

Ron

import · July 25, 2004, 5:39pm

Re: need the right stuff - Posted by Matthew

Posted by Matthew on July 25, 2004 at 17:39:23:

Ron-
If you need some help I am well versed in multiunit purchase financing. over 8 yrs getting deals done others couldn’t.
Best regards

import · July 23, 2004, 10:50pm

Re: 4 deals pending have $$$ just shy on FICO - Posted by PeterN

Posted by PeterN on July 23, 2004 at 22:50:32:

I live in the Chicago area. E-mail me and I will recommend some specialty brokers who are pretty good. If you have a low FICO score, a lender may require a higher interest rate or a higher LTV % or both. How about seller chipping in 10 % as well?