investment property: Investment Property Financing - 08/27/09 11:02 AM
Ok, I have to admit, it has been far too long since I have updated my blog. I do a lot of freelance writing for www.mortgagecurrentcy.com and that is where I havd dedicated most of my time. Not to mention, they actually pay me for my articles :) If your like me, you are sick and tired of lenders who tell clients and agents the wrong information because they DO NOT know the right information. As part of my duties for www.mortgagecurrentcy.com I write an Ask The Experts Column. I recently had a subscriber who had an underwriter fight with him in regards
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investment property: Financing Investment Property - 07/03/08 11:15 PM
I have recently run into a string of borrowers who have been turned down by lender after lender for the purchase of investment property. These borrowers are generally investors who have accumulated multiple properties (many within the last couple of years). So what is the common problem these borrowers are running into that is stopping them from getting approval? Simply put, their lenders inexperience. Did I just say that out loud?All of these borrowers are borrowers with credit scores in excess of 720, documentable income as well as verified cash for their down payments. So why wouldn't a lender want to
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