Likes and Dislikes For Mortgage Brokers
Here Are A Few Likes and Dislikes For Mortgage Brokers
Dislikes
- Sorry we do not lend on land or development deals (it’s not that we dislike these it’s we don’t understand them and don’t have the expertise to evaluate them, so we stick to what we know)
Likes
- We like a low loan to values deals.
- We understand credit problems including previous foreclosures and bankruptcy.
- We like cash flow and we want to see that our loan can be repaid.
- We like when a mortgage broker submits a deal, they do so with the financial statement of the borrower, credit report and summary. If it’s an income-producing property, the income, and expenses of the property. It’s also best to send us everything at once
- We like value-added deals.
Contact Gelt Financial today for your bridge loan needs!
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