Actual Questions I’ve Been Asked by Borrowers/Brokers

[Don Konipol]

Actual Questions I’ve Been Asked by Borrowers/Brokers

1. My client is worth over a billion dollars. How quickly can you make him a $25,000 loan?

2. Do you lend 150% of appraised value?

3. How much down payment do I need to borrow how much?

4. Why would you want a first lien when you can have a second?

5. Your website says you’re a hard money lender. Are you familiar with hard money lending?

6. What credit score do I need to qualify for a no credit score loan?

7. I applied for a spot in a mobile home park and was rejected. Can you lend me the money to buy the park?

8. I saw your ad with Zsa Zsa Gabor, do I get the 10% discount for mentioning it?

9. I need to buy a property and leave closing with cash in my pocket. Which of your loan products meet that requirement?

10. Before I fill out a loan application I need to know if you care what kind of dog I have?