Our manufacturing has moved overseas and our economy is a service economy based on consumer spending.

The mortgage market in today's business world has taken its toll on the guidelines and programs available and those guidelines and programs are changing daily.I can give you a referral to a personal financial broker that has access to consumer and commercial creditors if you wish, just PM me.Joe

They many times are older RE investors who have turned to lending as it is less time consuming.

Setting up HML or JV with investors is more time consuming than riding with a reputable group who is already seccussfull.

Here is another line from an article that was spun and not written by a person:The heal for not usually new home construction though a housing stagnation in ubiquitous is associated directly to consumer confidence, that is directly associated to practice levels, Hogue said.It's crazy that this is even out there associated with someone's name and company...and by default, their reputation!!

DTI us usually for conventional/consumer loans.

Don't let people tell you it will cost $1,000 or even $600 for a nice mobile website.The differences are HUGE when delivering a better consumer experience to a potential home buyer.For an example if you have an iPhone, DRoid or whatever then visit this example mobile website from your phone.http://www.realestate.bradroark.com/Good Luck

From a licensing point of view you will need two licenses, the MLO and a consumer lending license for the company.The exception to that rule is if you are financing a home that you actually lived in for two years or more and it was your declared primary residence on your income tax forms.Even with the licenses go a plethora of compliance issues from Red Flag to Debt Collection practices, and everything in between.

I bought it outright, financed the costs to fix it up but need to wait 6 months from the purchase date to get a mortgage on it to cover the fix-up financing (5% with mortgage vs. 12-19% consumer credit).

I recently shared about my first deal consisting of a rental unit that I have 13K in cash and about 12K in consumer debt (interest rate 12-14%) invested.