hard money: Bring Back Lite Doc Lending, Please!
- 09/28/11 03:51 AM
Here's the thing about hard money. I have had a loan sitting at an investor for 2 weeks. They are so busy with FREE AND CLEAR property refinances that they can't get to my purchase. But here are their new customers. SELF EMPLOYED people that have high credit scores that can't get a loan anymore because of not enough "qualifying income". I been in business for 17 years and I seem to remember that stated income and lite doc loans were ONLY for self employed people that could prove that they had a viable business verified by their accountant and … (1 comments)
Here's the thing about hard money. I have had a loan sitting at an investor for 2 weeks. They are so busy with FREE AND CLEAR property refinances that they can't get to my purchase. But here are their new customers. SELF EMPLOYED people that have high credit scores that can't get a loan anymore because of not enough "qualifying income". 
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