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I may be able to help. I'm a mortgage broker. What state are the
properties located in?
-TJ
Park Place Mortgage Corp.
sPs wrote:
> 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.
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Re: Help, I need Advise.
