All Forum Posts by: Deborah Wodell
Deborah Wodell has started 40 posts and replied 303 times.
Post: How are these lenders?
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Quote from @Dean Valadez:
HI Deborah,
I am following this thread as I am also looking for a lender. Going off of what the others said about AD Mortgage, this is what I found (note: I do not know anything about AD Mortgage beyond what I found in these links as I do not have experience with them):
Here is the BBB link that shows they are accredited:
https://www.bbb.org/us/fl/hollywood/profile/mortgage-broker/...
Here is the NMLS number that verifies they are registered:
https://www.nmlsconsumeraccess.org/Home.aspx/SubSearch?Searc...
From the NMLS info, you can get the owner's name and research that. I found him on LinkedIn.
I cannot say if this is enough information to show AD Mortgage is a legit company, but my opinion is that they seem legit. I did not dig into the other lenders you listed, so they all could be just as good, worse, or better. I hope this helps. I'd be curious as to what you might find by digging around.
This is great info, I never though to check NMLS but I do check BBB. Someone has warned me of Goldstream Capital recently, and no info can be found on BBB, Trustpilot and NMLS so that is total no go.
Post: How are these lenders?
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Quote from @Erik Estrada:
Have not heard of the others except AD Mortgage.
I have done several deals with AD mortgage on their wholesale channel, and they are a great lender to work with. They do ask for a lot more documentation than other DSCR lenders. But if you have a good rep, you should be able to close files in 15 days.
Yeah they do seem to have a great dscr program. really appreciate this insight!
Post: How are these lenders?
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Quote from @Jay Hinrichs:
Quote from @Deborah Wodell:
Hi! Just wanna get some info or insights to whomever has had the experience of dealing with these lenders?
- NSS Lending LLC
- Goldstream Capital Loan
- Gap Funding partners - Tyrone Harris
- AD Mortgage
- FlipCo Financial
not familiar with any of them.. just make sure not to pay money up front..
yeah I'm currently adding lenders in my list and want to get other's exp with them just to be sure.
Post: Need a great lender for 10+ unit refinance!
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Hey Spencer! I'm a broker, what lenders have you gotten quotes from? Maybe I can give you additional options.
Post: How are these lenders?
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Hi! Just wanna get some info or insights to whomever has had the experience of dealing with these lenders?
- NSS Lending LLC
- Goldstream Capital Loan
- Gap Funding partners - Tyrone Harris
- AD Mortgage
- FlipCo Financial
Post: Interest rates are definitely making things interesting for investors.
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
While it's exciting to see rates potentially coming down, I wonder how quickly lenders will adjust their offerings. And for investors, It's a balancing act between seizing opportunities and managing risk. How are you all adapting your strategies?
Post: For RE Investors : How are rising interest rates affecting investment strategies?
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Mortgage rates are finally seeing some relief! With the potential for a Fed rate cut on the horizon, it's a great time to consider refinancing or purchasing a home. What are your plans?
Post: Dscr loan advice
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Hey Maria! Would love to connect and help you on this. I sent you a message
Post: What's your biggest challenge when financing rental properties?
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Quote from @Matthew Crivelli:
As a lender, I would say rates are the biggest challenge right now. But this is starting to change as I'm currently pricing DSCR rental loans at or below 7%. If we do get a fed cut i think rates will start looking really attractive to investors.
Definitely Agree! It could create a more favorable borrowing environment for real estate investors. Lower interest rates would certainly make projects more attractive.
It'll be interesting to see how lenders balance the need for risk mitigation with the opportunity to capture a larger market share by offering competitive rates
Post: What's your biggest challenge when financing rental properties?
- Lender
- Colorado Springs, CO
- Posts 320
- Votes 112
Share your biggest challenges when funding your deals, is it Interest rates, down payments, or something else?