All Forum Posts by: Account Closed

based on what mike said borrower is getting 100% financing. I don't know any HMLs that will do 100% financing regardless of what the ARV is. You can't even get 100% in conventional.

@Jared Christie Welcome to the site. Should you have any questions please don't hesitate to ask.  @Jon Huber Can you PM me details on this meeting.

to add to what Mike said and he touched on it breifly you should NEVER EVER send down payment to any lender regardless HML or conventional

@Melanie Reyes Welcome should you need any help in the south florida area feel free to reach out. Good luck.

I don't think she was looking for HML in FLorida but New York instead. Also the never give money up front depends on what you are paying for. Any bank you walk into will 99% of the time require you to pay for credit checks and appraisal up front.

We charge our points at closing not sure if that's what they mean by adding it to the back end. The down payment will be a percentage of the loan. Not sure what LTV you are being offered but example if you were being offered 90% LTV on a 100k purchase then down payment would be 10k plus closing cost. If 80% on same 100k purchase 20k plus closing cost. It would not be fixed to $10k - 20k. Feel free to PM if you have additional questions.

I second that

congrats and best of luck to the new members. I would agree that title is very familiar with the investor friendly banks. I know theyve sent alot of people my way looking for hard money loans.

points are usually paid at closing its a percentage of the loan. 4 points would be 4%. Every HML is going to have different fees and LTV approach. I personally only lend 75% LTV. Any other questions feel free to ask,

@Ian Coburn What LLC restrictions are you referring to??