Seek Co-Broker, Lender | Need Assistance

Need Condo Lender Quickly

admin — Thu, 28 Apr 2011 06:51:42 +0000

I need a lender in Ohio that will lend on a Purchase for a 12 unit condomium complex. 11 of 12 units are rented and loan is for 70% of actual Value. The purchase agreement shows the buyer getting a $460,000 first mortgage, seller carry back of $30,000 and down of $25,000. DTI is good and Middle score is 785. National City Bank turned this loan down because this was the first investment property the female client wanted to buy. Please give me some ideas ASAP.

Mortgage Loan Modification With Chase

admin — Thu, 10 Mar 2011 14:07:14 +0000

Chase like many other mortgage providers help people experiencing the problem with their mortgage loans. The advantage of Chase is that they’ve managed to join with the government on the new program regarding the loan modification that enables people to modify their mortgages to make their monthly payments affordable. Undoubtedly, this program is very beneficial, so the consumers need to learn about the applying for and successfully complete this modification process.
Here are tips that one should keep in mind while applying for loan modification.
When you approach Chase to discuss the question of modification, the first thing that you must do is to show that your situation is difficult. You can do this the way you like, that depends on your preferences and your ability to present right arguments. Many people ask for a help by a financial company to compose their letter. You need to send a letter to Chase saying that your payments are exceeding your current income, and that you need to re-evaluate the loan situation. The most important thing is not just tell the company what you want, but to assure that you meet their requirements for modification.
Your arguments must clear and convincing. If you work with a financial company, they will help you to do this. It’s recommended to present tables, graphs in order to prove that your repayments to the mortgage creditor exceed 37% of your monthly income. After that your next step is to show that you have experienced financial difficulties.
You will need to submit forms in order to show that you have either lost your work or you have become incapable for work. There are some other things that might allow you to qualify, that’s why it’s strongly recommended to consult with a financial service. One more tip is to go to Chase and explain why you need to get your interest rate reduced. They can offer to prolong the term of repayment, but you will face with extra costs in the end. If you insist on reducing the rates, you will benefit greatly.

BROKER BUDDIES

admin — Thu, 27 Jan 2011 09:33:24 +0000

I actually have had two deals (big ones indeed) of individual brokers representing themselves as employees of certain INVESTORS. I sent my package to these people. Found out later they didn’t work for the company they said they did…..and they even was “pasting” and taping the logo on the approvals and etc. Basically they were trying to close my loan in their name! EQUI-FIRST was the first one. They had no offices in Texas where this doofus said and they didn’t know who he was. After confronting him on this…….he then referred me to a bank (this guy was a “buddy” of his that could help me)……they all tried to “hose” me and the deals blew up before I could close them because of the three months B.S. we all endured. Why did I stay with him the three months?

need a co-broker in Arizona

admin — Wed, 24 Nov 2010 12:43:16 +0000

I need a co-broker in Arizona. Deals already approved with C and G Financial. Will pay $350.00 per deal.Also, I had a deal approved that the borrower is using for a second home. She emptied it out to have the carpets cleaned, house painted, and work done on tile. Lender will not do claiming it is a vacant property. Any ideas? Deal is in Texas.