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"sPs" <skinkskanker@hotmail.com> wrote in message
news:wDYjg.55406$qd2.15674@bignews6.bellsouth.net...
>I'm being approached to handle the financing for a Construction firm that
>does remodeling. Currently, they fax an application to a small bank and
>they approve it as a Title One or a HELOC. They don't offer wholesale. I
>need Wholesale lenders that will do these type of loans quickly and also
>someone to handle the fallout. 2nd mortgages for lower credit scores. It
>would be nice to turn every loan into a refi but the Contractor does not
>have time to wait for closing so I cannot get greedy. I believe they like
>the Title One's because they can get the check issues in the name of the
>Contractor and the Borrower. Too many times the Borrower blows the $ on
>something else just as the permits come through and no $ is left. Please
>give me some advice on this. I'm not familiar with these types of loans so
>I need some recommendations of lenders who may handle lower scored 2nd
>mortgages which is where I think I'll see more income potential.
>
>
Yes I know, I can't spell advice. Just noticed that.
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Re: Help, I need Advise.
