Another opinion on financing under $40 k - Posted by KP
Posted by KP on July 17, 2003 at 22:42:59:
I have found it extememly difficult to find anyone to do this size loans. With all the re-fi’ing going on the lenders don’t need to make these types of loans. Many have told me just that. I know a broker who is a wizard at what he does and says that he used to be able to get a dozen lenders to do these loans. Now he says they don’t even sonsider anything under $50k.
Sorry to put a damper on things but I have spent a LOT of time trying to find this type of financing. It very well may be, and I hope for your sake it is, that the problems I am having is that I am trying to make it happen in Baltimore, MD. (Goodness know that we have our own unique problems here.) A local bank may be your best bet.