Posted by G(Atlanta) on April 17, 2003 at 08:17:50:
Jean,
I would be interested in finding about the UNLIMITED investor loans.
If you would, please send me the info on that. I would grealty appreciate it.
gglasper1@aol.com
Thanks,
G(Atlanta)
HELP! Maxed out on nbr of Mortgages - Posted by Rick (GA)
Posted by Rick (GA) on March 18, 2003 at 09:20:44:
We are currently holding 19 mortgages on properties purchased. Mortgage broker says this is the limit for his investors. Does anyone know of any mortgage companies that will go above 19 mortgages and/or do some sort of consolidation/portfolio loan to roll several mortgages into one to lessen the number? We are located in GA, have great credit (750+) and do full-doc loans. We buy foreclosures, refi to get our cash out, and hold long term.
Unlimited Investor Loans Available - Posted by Jean
Posted by Jean on March 24, 2003 at 21:51:10:
Hi Rick,
I know of a company that gives UNLIMITED investor loans.
If you’re interested, let me know and I will send the info to you.
Regards,
Move to another mortgage broker - Posted by Alex F. (CA)
Posted by Alex F. (CA) on March 21, 2003 at 14:12:00:
They may or may not take into consideration the 19 properties that you have as their maximum guideline. You can start all over with another lender. You’re fortunate to do even 19. Some lenders will allow up to 10 and/or even less…
ALex F. (CA)
Re: HELP! Maxed out on nbr of Mortgages - Posted by GMann
Posted by GMann on March 18, 2003 at 14:27:19:
Go to a small local bank and they can probably help you with this. You may even try one of the regional banks with your experience and credit scores. They could probably do a blanket loan, but plan ahead and don’t include properties in the blanket that you may sell or exchange. Make sure you understand clearly the terms for releasing property(s) from the blanket loan. Never know what is down the road, so understand your options prior to closing.
Re: Unlimited Investor Loans Available - Posted by Roy
Posted by Roy on April 20, 2003 at 08:23:30:
i would appreciate the information on those lenders if they loan in florida