Re: Alternate places that Finance? See Example - Posted by Ed Garcia
Posted by Ed Garcia on January 31, 2000 at 11:09:03:
As Chris has stated, it’s time to look for a good broker. I would also like to mention,
that the loan amounts that you are discussing, are too small to be attractive to a broker.
That may be another reason your banker is not reacting to you as they should.
The answer the bank gave you, does not carry water.( it doesn’t make sense).
In most cases you will have to find a portfolio lender in your area to do smaller loans.
Mortgage brokers as a rule, like to do loans for $50,000 and above.
The reason is because they obviously are more profitable, and are easier to sell.
Mark if you continue to have problems in doing your deals, call me and I will help you.
If it’s too small for me to do, I will help you set up with the kind of lenders that will
service you. My number is (909) 944-0199.