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Florida
<tjflemings@hotmail.com> wrote in message
news:1150525931.530631.97140@u72g2000cwu.googlegroups.com...
>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.
