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Updated about 5 years ago on . Most recent reply

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Steven Lowe
  • Clarkston, MI
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Asking Advice for financing

Steven Lowe
  • Clarkston, MI
Posted

Im wondering my options on financing my first property. most banks wont approve me for a loan because of the current time ive been at my job (6 months)

So im just wondering where i could look to find a loan of around 40000 for a property.

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Tom S.
  • Real Estate Investor
  • Burlington, VT
1,411
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Tom S.
  • Real Estate Investor
  • Burlington, VT
Replied

@Steven Lowe  Just keep calling more banks, especially smaller ones that hold their loans in-house (don't sell them to the gov't).  Banks like this usually decide loans by a loan committee, and can have more flexibility.  And as mentioned above, also seek seller finance deals.

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