Financing and Credit

Hey DG Family,

I am in the early stages of entering into a business relationship with Brookview Financial www.brookviewfinancial.com and I'm asking anyone with FIRSTHAND knowledge, i.e., having done business with them yourself, to talk about your experience with Brookview, your impression of the lender, etc.

They do have testimonials on the website; however, those could be written by anyone. I'm trying to conduct some due diligence on them before I take them on as a rehab lending partner.

If anyone out there can offer any comments, it would be much appreciated! Thanks!

Locate a lender that will originate an FHA loan. When you call different lenders and mortgage brokers for rates, ask specifically if they are willing to take on FHA loans. Most will, of course, so you will need to shop around for the best rate. Bear in mind that HUD/FHA does not actually create the loan; instead, they insure the loan against default. Because this offers an immediate security for the lender, many are willing to take on the responsibility of originating an FHA-insured loan.
2

I get this question a lot in coaching and here is an easy to understand breakdown of what you need to know:

The Department of Housing and Urban Development (HUD) promotes homeownership among families in all income brackets. As a part of its core mission, HUD insures mortgage loans for families with poor credit or financial struggles, giving mortgage lenders an incentive to extend loans to borrowers with high default risks. As a type of subprime mortgage loan, HUD loans carry a unique set of advantages and disadvantages to borrowers, lenders, the government and society as a whole.
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Significance

Hi,

I am new to this site. A friend told me that as student of Dean Graziosi, I could access hard money funding for fix and flip deals - is this true?

He didn't have specific information, so I appreciate any insight.

Thanks,
Kimberly

Hello Guys

I know this is a long shot as this site is really for information not so much looking for money.

However, I am going between some investor friends and craigs list I live in Oregon and buy in MO i am looking for a 16,000 Short term loan and am willing to put 3,000 down which is about 20% or 13,000 with nothing down

Only looking for about 18 months Tops on the loan but be done probably by the end of the year, I am okay with paying high interest as this is a short term loan

Please feel free to message me if any one is interested in making some free money or just wants to help out. On return willing to put your name on the lien *The first and only one* to secure the loan

Thank you

Recent articles around the Web have been discussing the options for private mortgage lending. Most explore it from the perspective of the private investor who wants to fund mortgages, especially from their IRA or 401k self-directed accounts. They present these private loans as providing attractive yields at lower risks because they’re backed by real estate. One quote: “One of today’s most straightforward investments is funding a private mortgage loan.”

I applied for a local credit union and just purchased my 1st home that I intend to rent out to pay down the delinquent taxes. My credit union discussed with me how it could be a good chance I could get a home equity line-of-credit or a home equity loan once i bring in my deed and pay 250 bucks for the inspector. What's the difference between the 2? Which is usually best?

I'm using besttransactionfunding.com for getting a proof of funds letter to give to a real estate agent I found but I don't know what to put for the property address when I haven't looked at a property yet. Should I wait until I look at some properties first or use an address from the listing the agent sent?

Hi ...Ive been struggling with this for dean showed us on his weekly blog how to find a bank that will give you a FMV loan...but all the "Small" banks i called around here dont even have a "Commercial" dept.!...What do you do then?...Maybe someone has ran into the same situation and found out what to do or what?>...there are only three "Small" (Non Corporate) banks in my area and thats the three that dont have a Commercial dept!...Someone Help?

near St. LOuis, MO? Thanks, Tammy