Will a non-binding, preapproval letter from a mortgage broker for a line of credit in the needed amount work?

You should speak to a local lender or mortgage broker to find out what terms you can get.What you're talking about is a "cash out" refi because there is no loan on the property.

Speak with some mortgage brokers or lenders about what sort of loans you can get.

Are there any experienced/reputable professionals (lawyers/realtors/brokers, etc) on this forum that live in Nicaragua?

I'M AN AUTO INSURANCE BROKER.

The broker who I was working with....who responded to my last post on this forum....wasted 2wks of my time and then dissapeared right in the middle of the deal.I have a sigle family under contract, solid deal.

Went to the other bank, got upset with the manner inwhich the mortgage broker was speaking to them, (very condensending), so they got so upset, :badwords: they went to a "model home" and bought directly from the builder, (never consulting me or letting me know what their experience was).My broker suggested I get my buyers to sign a buyer/broker agreement...I am not comfortable with them, because as I buyer I refused to sign them, :protest: and found another agent who didn't expect that from me.

Ive been to one of their meetings before with my broker and man was it one huge show.

We have another that is overrun by agents and mortgage brokers, if an investor shows up they are hounded to death.A third club, which I am a member of, has been around for 14 months.

The company contacted my broker, but she referred them to me since I was trying to get into REOs.