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Tag Archives: Alternative

Private mortgages and “A” borrowers: A winning combination

There was a time, not too long ago, when mortgage investment corporations (MICs) and other private lenders were viewed as shadowy presences haunting the outer fringes of the mortgage industry, waiting to swoop in and take advantage of desperate borrowers by plying them with solutions whose mechanics (and fee structures) they couldn’t understand. Using a [&hellip…

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Careful, pre-construction condo investors. Lenders don’t like funding assignments

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Readers of Mortgage Broker News will be all too familiar with the pitch from realtors who specialize in pre-construction condo sales: Put down your deposit, sit back and watch as that piece of paper appreciates faster than any completed condo unit in the city. Don’t worry about paying those exorbitant monthly maintenance fees, either. You [&hellip…

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