Financing and Credit

We have people all over that ask for no-seasoned refinance lenders and I know you all have actual lenders.

I wanted to start this forum to create a list for those of us around the country.

Will you post your no season refinance lender here. Include the name of the bank, the contact, the phone number and the requirements of the bank.

Basically I have no credit. My credit score is about 626. What type of financing can i I get with that?

Hey guys, I'm on the verge of my first deal, and I need private lenders and HAAARD MONEY! Just wondering if there is a template that has worked for you guys? I have a list of private lenders that I want to send a mass email to.

If this is a bad idea, what would you suggest I do? Thanks!

Does anyone have a connections for a bulk REO package I would like to buy?

Kevin

Currently working on a SFH rehab project. Going back and forth with the bank on the final acquisiton price. Unfortunately, looks like I will be about $15,000 over budgeted amount and need short term financing. I have looked into hml's and other lenders...However, time is of the essence and I don't have time to pursue these methods. If anyone is willing and able to assist, I would appreciate it and be willing return a nice profit upon selling. Please PM me for more information.

Hard money lenders are lending companies offering a specialized type of real-estate backed loan. Hard money lenders provide short-term loans (also called a bridge loan) that provide funding based on the value of real estate that has been collateralized for the loan. Hard money lenders typically have much higher interest rates than banks because they fund deals that do not conform to bank standards.

Hard money lenders will offer a range of requirements on the loan-to-value percentage, type of real estate and minimum loan size for a hard money loan

Hello my name is Matthew, and am new to posting so I am sorry if this is in the wrong thread. I look to see if my question was already posted, and didn't see it. I have found condos for what I believe to be a great price. My whife and I wanted to move into one cut costs, as the monthly payment on Zillow was lower than our rent currently. My questions are( I know the figures on zillow are estimates).
1would that monthly payment be for someone with good credit? (mine is bad)
2 can you still get a loan for first time home buyers with bad or not so good credit?

This was in hopes thay we could get more condos with the rent money we saved and rent them out any help on this would be great. Also new to investing and trying to start in fl with NMD and no credit stratiges

I'm working with a Realtor and have found a couple of homes that I have buyers lined up for and think an Assignemnt would work well. My problem is: very little cash on hand. I want to see if I could get by with $ 100 in case they accept my offers. Anyone know what the going rate is around here for earnest money deposits? Would it just be better to find a private money source and stay away from trying to do things on the cheap ?
Thanks,
Dennis

your first goal may be to pay down the balance to 50% of this limit (so a $1000 limit card is required to be paid down to $500). Do this for all of your current accounts before you take aim about the same account and decide to repay it entirely. At a 50% harmony, you should no more lengthy be penalized for out of control balances. Second step: knock those balances up to 30% of the confine. If you do it, your scores will definitely soar!

Sometimes a loan from your bank isn't going to meet your needs. Below are ten techniques to get your creative financing wheels turning!

1.Interest-only loans — If you are an investor looking to purchase, rehab, and sell a property quickly, an interest-only loan may make sense. This financing allows you to make small payments at the beginning of the loan, leaving more money for renovations. When you sell the property for a profit, you can pay off the loan in full, having paid only a small amount of interest.

2.Seller carry-back — Also known as owner-financing, the seller of the property agrees to finance the property outright. They transfer the title to you in exchange for a promissory note and deed of trust for the full purchase price of the property.