Updated over 4 years ago on . Most recent reply
Portfolio Lender and Guidance
Looking for a portfolio lender in the Birmingham Alabama area. I have few single family that I'm intending to bundle out and get a portfolio loan on them. These properties also have equity that I plan to cash-out based on whatever their appraised values are.
BTW, do you think this a good strategy? I have almost maxed out on my conventional mortgage capacity.
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Stephanie P.
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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
Pro Member
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- Washington, DC Mortgage Lender/Broker
@Arijit De
I'm not a huge fan of portfolio or blanket loans. I've done them. I understand the appeal of having one payment instead of many, but if you ever need to liquidate or refinance to take cash out, you have to split up the portfolio and it makes an unholy mess.
Stephanie