Has anyone used CMG First/CMG Lending?
I've been talking to a rep from CMG First/CMG Lending (not CMG Financial) about a line of credit they offer for investors. I asked details about the product and how it works and was told all that info would be sent when they sent the agreement paperwork over. Based on my credit and properties owned they said I would qualify for a good amount. I received a single document to sign which appears to be a mortgage broker agreement of some kind which references a "first mortgage" but no details on it. Asks for a $500 application fee. With this little info I definitely won't be giving them $500 until I can vet them. I wondered if anyone else has worked with them that could weigh in. Thanks!