Private Lending & Conventional Mortgage Advice

User Stats

8
Posts
5
Votes
Gary Singleton
5
Votes |
8
Posts

Whats wrong here? ridiculous loans

Posted Jan 27 2022, 08:56

Advice appriciated here. i currently own 11 properties, all rented and going well. I currently only have 6 mortgaes on these 11 properties (paid cash for several) just trying to add more. I recently sold one of my businesses and have well into 7 figures to invest. At this point being elected for pres. of the USA appears easier to achive than a 7th loan. I just dont get it.... im told by banks and lenders my credit score is too low, yet every time i inquire my credit is in the mid 700s... but again i have substaitial income, assests, cash on hand, and free & clear properties as collateral so the "inquiries or car trades" that temporaraily drops your score really shouldnt be an issue. i have zero bad credit.. i feel like its just excuses, i cant even use my credit card at the grocery store during underwiting. Im cleary doing something wrong or dealing with the wrong people. Thanks in advance, i'll hang up and read the comments.

Loading replies...