Posted by Ed Garcia on January 09, 2001 at 13:20:11:
I agree with you when it comes to controlling your deal. I also agree that, if you control the financing, you control the deal. Millie, when doing a 100% financing, the loans are usually made based on credit worthiness. I would say your borrower would need at least a 640 credit score, might get it done with 620.
Millie, this is not an exact business, and there can be compensating factors when working a deal like this. Millie if you’d like to call me, I will be happy to give examples of what I’m talking about. Also if you’d like, I’d be glad to be you lender, and we both know that could be to your advantage. I’m glad you’re back, and I hope you have a good year,