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Updated almost 7 years ago on . Most recent reply
![Dustin Amodo's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/855795/1621504517-avatar-dustina21.jpg?twic=v1/output=image/cover=128x128&v=2)
Anyone heard of AGM shim Corporation?
Wondered if anyone heard of or used AGM shim Corporation? They supposedly do 100% funding for buy-fix-sell.
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- Lender
- Lake Oswego OR Summerlin, NV
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@Nathan Waters easy way to spot fake lenders
1. rates are below market.. HML rates are 9 to 14% anything less is super suspect and if your a beginner absolutely not real.
2. ANY up front fee other than third party appraisal..
3. to quick to approve you but just need 500.00 good faith deposit. ( you will never see the 500.00 again and never get a loan)
4. not many do 100% for those they don't know very well.. not that it does not happen but its very rare.
5. ask you to buy an insurance policy to pay the loan off if you don't repay since its high ltv your beginner or credit challenged.. said insurance does NOT exist in the market place and is just a straight scam.
- Jay Hinrichs
- Podcast Guest on Show #222
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