Any mortgage brokers or private lenders want to make some easy money?

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10-10-2013, 20:54
asmo

Any mortgage brokers or private lenders want to make some easy money?

My wife and I found a new property we want to buy and move into. New place is way below market but I must move quick (like *real* quick on the finance side) if we want to snatch it..

My current property is in Stonegate in Parker where things are selling as fast as you can put them on the market. I am going to sign papers tomorrow (Friday) to get it up for sale -- but in the mean time we want to buy the new place. The new place wont take a contingent offer (errgggh). Soooooo..

I need a bridge loan for sub-90 days while I get my real financing worked out and my current house sold (avg. sell time in my neighborhood is less than 15 days right now - but still have to wait for closing to get $$$).

Current house is going to sell for 330k-ish, I have 150k of equity in it.. New house is $529k and I can put 30k cash down on the new place now..

So anyone want to do 500k at 5% for 90days? Or do any of you mortgage brokers know of a way to do this easier?
10-10-2013, 21:05
JM Ver. 2.0

:: Russian accent ::

I will do five hundred thousand American dollars at 50% only.

You will have 60 days to repay or we repossess.... But not the house.... if you catch my drift....

Sent from my teepee using smoke signals.
10-10-2013, 21:25
Mazin

Quote:

Originally Posted by JM Ver. 2.0

:: Russian accent ::

I will do five hundred thousand American dollars at 50% only.

You will have 60 days to repay or we repossess.... But not the house.... if you catch my drift....

Sent from my teepee using smoke signals.

[ROFL1]
You guys are on a roll tonight!

Congrats on the new digs man, Hit me up if you need any help!
10-10-2013, 22:24
10mm-man

Quote:

Originally Posted by asmo

My wife and I found a new property we want to buy and move into. New place is way below market but I must move quick (like *real* quick on the finance side) if we want to snatch it..

My current property is in Stonegate in Parker where things are selling as fast as you can put them on the market. I am going to sign papers tomorrow (Friday) to get it up for sale -- but in the mean time we want to buy the new place. The new place wont take a contingent offer (errgggh). Soooooo..

I need a bridge loan for sub-90 days while I get my real financing worked out and my current house sold (avg. sell time in my neighborhood is less than 15 days right now - but still have to wait for closing to get $$$).

Current house is going to sell for 330k-ish, I have 150k of equity in it.. New house is $529k and I can put 30k cash down on the new place now..

So anyone want to do 500k at 5% for 90days? Or do any of you mortgage brokers know of a way to do this easier?

I have a hard money guy; if you call me tomorrow I will look him up! He is known for deals like this....
10-10-2013, 22:38
T-Giv

^ Be careful getting into deals with 10mm and his associates! 😉
10-10-2013, 22:44
10mm-man

Quote:

Originally Posted by T-Giv

^ Be careful getting into deals with 10mm and his associates! 

Just make sure and pay; or you pay! ;-)
10-10-2013, 23:32
Great-Kazoo

Quote:

Originally Posted by JM Ver. 2.0

:: Russian accent ::

I will do five hundred thousand American dollars at 50% only.

You will have 60 days to repay or we repossess.... But not the house.... if you catch my drift....

Sent from my teepee using smoke signals.

Pussy, 60 days?? 30 day,s 15% per day after midnight day 31.
10-10-2013, 23:35
brutal

Can you afford the vig?

sent from my GS4 via tapatalk 4