Ed - if I apply through you... - Posted by Tom - WA

Posted by Ed Garcia on March 05, 2001 at 11:24:03:


Your credit score is excellent. My thoughts are with your credit score, if your going to purchase owner occupied you could go 100% financing, none owner 95% with a seller carry-back, and 90% with out one. Yes I can do your state.

Ed Garcia

Ed - if I apply through you… - Posted by Tom - WA

Posted by Tom - WA on March 04, 2001 at 20:03:08:

Ed - if I apply through you…for a “hard money” loan to buy and rehab a fixer, do you pull my credit reports? I’m asking because I’d like to know what my scores are but I’ve heard that too many requests for credit scores in a short period of time can have a negative impact. I’ve never pulled my own, but I know I should (or let somebody do it).

Also, do you do “structured” rehab loans (some up front, then payments as work progresses)? Or all in a lump sum?


Re: Ed - if I apply through you… - Posted by Ed Garcia

Posted by Ed Garcia on March 05, 2001 at 10:35:33:


Sorry to say that I cannot do Hard Money loans in Washington. I can finance in 42 States but my financing is limited to Conventional and Sub-prime. Sub-prime is workable for borrowers who have some credit dings or unusual circumstances such as cannot verify income etc. In California, I can walk on water, there is very little I can’t do if the deal is realistic. Sorry I can’t accommodate you in Washington. That’s why we’re running a campaign for Hard Money state by state this week.

Ed Garcia

Re: Ed - if I apply through you… - Posted by Tim

Posted by Tim on March 05, 2001 at 10:51:26:

I live in CT. I would be looking for something very similar to what Tom wants. My credit score is pretty good at 736. If I gave you the information, could you take a look at it for me? I don’t think it needs to be a “hard money” loan. I don’t need the money that fast and I think my credit score is worthy of a better interest rate. (Obviously, this is just my uneducated inclination, I suppose it could be proven otherwise). What’s your thoughts on this?