I'm trying to finance a rehab of my investment property, but I have
less then perfect credit, and have problems getting approved with
regular banks. I was referred to www.expfunds.com I called them and was
approved for a home equity line, but the rate is kind of high. Can
anyone recommend a similar company, so that I can make sure that I'm
getting a fair shake here?

Any suggestions?

Andy

writes:

I'm trying to finance a rehab of my investment property, but I have
less then perfect credit, and have problems getting approved with
regular banks. I was referred to www.expfunds.com I called them and was
approved for a home equity line, but the rate is kind of high. Can
anyone recommend a similar company, so that I can make sure that I'm
getting a fair shake here?

Any suggestions?

I'd definitely avoid expfunds.com. Looking up their domain record, I
see they're registered with domainsbyproxy. domainsbyproxy is handy
for individuals looking to protect their identity and contact
information, but I'd never deal in money and credit with any entity
that can't keep a public personna where I can go and throttle them.

Beside, I think they have this guy name Andrew who's a shill for
them and makes newsgroup postings pretending to be a customer.

Best Regards,
--
Todd H.
http://www.toddh.net/

Todd, I think that you are just pretending to be smart. Their contact
info is right on their website.

I still can't find any lender that can offer me a good deal. Anyone out
there knows were I can apply for a Home Equity Line With bad credit?

Thanks.

Andy


Todd H. wrote:
writes:

I'm trying to finance a rehab of my investment property, but I have
less then perfect credit, and have problems getting approved with
regular banks. I was referred to www.expfunds.com I called them and was
approved for a home equity line, but the rate is kind of high. Can
anyone recommend a similar company, so that I can make sure that I'm
getting a fair shake here?

Any suggestions?

I'd definitely avoid expfunds.com. Looking up their domain record, I
see they're registered with domainsbyproxy. domainsbyproxy is handy
for individuals looking to protect their identity and contact
information, but I'd never deal in money and credit with any entity
that can't keep a public personna where I can go and throttle them.

Beside, I think they have this guy name Andrew who's a shill for
them and makes newsgroup postings pretending to be a customer.

Best Regards,
--
Todd H.
http://www.toddh.net/

"andy" writes:

Todd, I think that you are just pretending to be smart. Their contact
info is right on their website.

I still can't find any lender that can offer me a good deal. Anyone out
there knows were I can apply for a Home Equity Line With bad credit?

Andy, I think I owe you an apology. I mistook your original post on
this as shill spam for expfunds.com (i.e. where someone pretending to
be a customer mentions a site that no one would otherwise visit). We
see a lot of it, and I neglected to keep reading to the point where
you said you weren't happy with their rate. Unlikely a shill would
mention a site then slag it. :-)

I never visited their site but did lookup their whois record. If they
list their contact info on their actual website, I have no idea why
they registered their domain with a proxy service. I'll add that
they've only been around online at least since March of this year.

Domain Name: EXPFUNDS.COM
Registrar: GO DADDY SOFTWARE, INC.
Registrant:
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States

Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: EXPFUNDS.COM
Created on: 30-Mar-06
Expires on: 30-Mar-08
Last Updated on: 30-Mar-06

Administrative Contact:
Private, Registration
....


With less than perfect credit, you'll have to expect to pay a higher
rate as you represent a higher risk than someone with a high credit
score. Lots of companies would be happy to lend to you. Consider
credit unions, or beat the bushes in your own business network for an
ethical mortgage broker who resells wholesale HELOC's from the likes
of Wells Fargo and the like. You probably won't get prime minus a
half with poor credit, but you may do better than that site.

Good luck!

Best Regards,
--
Todd H.
http://www.toddh.net/