Investor · Bend, OR · Member since 2017 · 16 posts · 12 votes
I have just bought a turnkey property for cash in Indianapolis and would like to put a conventional mortgage on it to pull some capital back out. I am an out of state investor. Does anyone have a recommendation on an Indianapolis conventional mortgage broker or originator that is used to working with investors? Looking for 30 yr fixed rate and would like to use the rent on the property as part of the dept to income ratio. Any recommendations appreciated!
Flipper/Rehabber · Santa Barbara, CA · Member since 2015 · 67 posts · 25 votes
7y
Not sure about others but I've always had great experience with Movement Mortgage. If you have your ducks in a row and get them requested docs quickly, they will typically close your cash-out refi in 2 weeks, pretty awesome when every day is costing you with a HML. I just cashed-out 75% and closed 12 days from application submittal. Rates are a tad higher than some local banks probably but I appreciate their standard, fast system for getting it done.
Specialist · Indianapolis, IN · Member since 2017 · 41 posts · 20 votes
7y
Does anyone in the Indy market have any recommendations for private money lenders? My team is looking to shift from a more wholesale focused strategy to a more flip/buy/hold strategy, but would like to avoid the points and crazy interest that usually comes with HML. Please message me with recommendations.