Mortgage Brokers - Posted by Sonia(VA)

Real Estate Investing
1

Posted by Sonia(VA) on December 27, 1998 at 16:59:33:

Thanks, that helps a great deal. I’ll call first thing in the morning.

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Mortgage Brokers - Posted by Sonia(VA)

Posted by Sonia(VA) on December 27, 1998 at 16:30:36:

Happy Holidays Everyone!
I have been looking in my local newspaper (Richmond,VA), and in the yellow pages for mortgage brokers. There are NONE listed!! How do I go about finding these sources of hard money?
Any help would be greatly appreciated…Thanks!
Sonia

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Re: Mortgage Brokers - Posted by Ed Garcia

Posted by Ed Garcia on December 27, 1998 at 19:51:44:

Sonia:

Mortgage Brokering is a very important part of our business.
As a matter of fact , financing in general can give you control of your
deals, as well as confidence as to having more than one alternative in
closing your deals.

Sonia, I own a mortgage co. and if you are having a problem finding
financing in your area ? Give me a call and maybe I can help you get
a few different lenders under your belt.

But even if I do, I want you to find a Mortgage Broker in your area to
do business with. A good mortgage broker is worth their weight in gold.
My number is (909) 944 -0199.

Ed Garcia

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Re: Mortgage Brokers - Posted by Stacy (AZ)

Posted by Stacy (AZ) on December 27, 1998 at 16:48:47:

The best place to start is at a local investment club. We don’t have any clubs in Phoenix (unbelievable) so I looked in the “mortgages” section of the yellow pages and started calling the ads that mentioned “equity based lending”, or “investor loans”. After calling a few of these, and describing what I needed, I had the names and numbers of two in my area. Many you call won’t know what “hard-money lenders” are…best to describe what you want: a loan based on the property value and not personal credit history. Ask if they know of any in the Richmond area.

Stacy

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Re: Mortgage Brokers - Posted by Sonia(VA)

Posted by Sonia(VA) on December 28, 1998 at 18:14:47:

Thanks Ed, I’ll be giving you a call soon. I am in the process of gathering owner info and comps on about 10 vacant properties that I have found. I’ve talked to 2 mtg companies in the yellow pages today, in search of brokers that they deal with. One of them told me that they were brokers but did not have access to private lenders. Does this mean they are really not brokers?
I may just be asking the wrong questions.
Comments appreciated!!
Sonia