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All Forum Posts by: Nick Bednarczyk

Nick Bednarczyk has started 105 posts and replied 145 times.

Post: 90% LTV Condo Delaware, 2nd home

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24
Quote from @Bryan Zayac:

I'm looking to see if there is anyone familiar with any lenders for a Delaware condo, 2nd home, that would lend up to 90 LTV?


 90 % is possible if the property is a warrantable condo. Check the fannie mae website to confirm property qualifications. Good luck  https://singlefamily.fanniemae.com/originating-underwriting/...

Post: Fed says Rates higher for longer.

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances. According to Business Insider, interest rates are expected to stay higher for longer with no cuts in sight until 2024-2025. Don't risk it! I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines. Stay informed and cautious! Check out the full article here: [Link to Business Insider article](https://www.businessinsider.com/

Post: Fed States Rates higher for Longer

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances. According to Business Insider, interest rates are expected to stay higher for longer with no cuts in sight until 2024-2025. Don't risk it! I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines. Stay informed and cautious! Check out the full article here: [Link to Business Insider article](https://www.businessinsider.com/

Post: Rates Staying Higher For Longer

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances. According to Business Insider, interest rates are expected to stay higher for longer with no cuts in sight until 2024-2025. Don't risk it! I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines. Stay informed and cautious! Check out the full article here: [Link to Business Insider article](https://www.businessinsider.com/

Quote from @Antoine Griffin:

Best Areas to look for Flips, Rentals, and Wholesales in SWFL? Just moved down for a job. Looking to start doing more research.


 Whatever you decide we can help you finance your future deals. Fort myers, cape coral ,etc have some wonderful opportunities for those with a keen eye and true understanding of the buildings' structural situation. so working with a good inspector is key to moving forward. Best of luck to you and let's connect.

Post: 100 % Fix and Flip Loans

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24

Post: 100% Fix and Flip Financing

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24

Post: 100 % Fix and Flip Financing

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24

Call me direct to discuss details.

941-266-7995

Nick Bednarczyk Nmls 365574

Independent Mortgage Broker

Post: Cross Collateralization Loan

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24
Quote from @Michael Vernese:

Attempting to find a lender who would be willing to accept cross collateral in the form of a free and clear property to purchase a small multi family property that needs light rehab. Fix and flip loan or DSCR would work for my current needs and situation.


I and the properties are located in Florida of that makes any difference. 


 Hi Michael,

Yes it is possible to cross-collateralize properties for growth. Many lenders have specific requirements on hold times and availability to sell one of the properties and still maintain the loan. Let's have a conversation about your needs and loan requirements. 

Here is a summary of who we are: Edge Home Finance

We are not just one bank, we work with over 140 banks, credit unions, and lenders from around the US to find the lowest interest rate and best loan program for your credit score and specific situation/need.
We are the 2nd largest mortgage broker in the nation, and we are accredited through the Better Business Bureau with an A+ rating and have no customer complaints.
I have helped hundreds of homeowners with their home loans over the last 20 years.
Home loan consultations and pre-approvals answer your questions, give you an interest rate and monthly payment.

Post: How do you qualify for 100% Financing!

Nick BednarczykPosted
  • Lender
  • Sarasota, FL
  • Posts 187
  • Votes 24