AFTER READING THE 15 STEPS TO INVESTING THEN PICK...
A ROTTEN TOMATO
Some mortgages simply don’t pass the test. High LTV, questionable ability to make payments, unexplained chronic credit problems or other warning signs can add up. Gregory’s 15 Steps help uncover the weaknesses. A high interest rate doesn’t make a bad mortgage good.
A NICE APPLE
Sometimes good borrowers hit a temporary bump. They can make the payments, love and care for their home, and have good reasons for wanting to stay. Their credit may be bruised because of an explainable life event, rather than a pattern of poor money management. With LTV generally below 65%, there is meaningful equity protecting the lender. Gregory’s 15 Steps help determine whether the whole story makes sense.
A JUICY PLUM
Sometimes the first question is: why does this borrower need private financing? They may have strong finances but simply not fit conventional debt-service rules. They may be buying a rental property, expanding a business or purchasing inventory. They may also value flexibility and privacy outside traditional banking. With strong fundamentals and LTV generally below 65%, the mortgage may be well worth considering.
