Loan program, analysis and comment

100% W/ Fast Close

admin — Wed, 23 Mar 2011 09:57:35 +0000

I need help placing a loan for $320,000.00 at 100% LTV or an 80/20 program on a 592 mid-score. I have a full package BUT the big catch is that I MUST close no later than this friday, or I will lose the deal. Can anybody offer some assistance?

Government Grants

admin — Fri, 04 Mar 2011 05:18:47 +0000

Getting an approval for a government grant can be the best solution to deal with your debt. There are a number of advantages of getting assistance from the government and the main advantage is you donтАЩt need to worry about repaying the money. Normal loans that many people use for debt relief are always repaid.
There can be different reasons why you get into debt. In this situation itтАЩs important not to concentrate on the problem itself but try to search for the best solution to get out of debt as fast as possible. When make a plan on how to make the repayments of your debt you will realize that it will help you to reach your goals.
A lot of people want to have more money but have less payment. No matter how bad your financial situation is, there is always the solution that can help you to deal with your bills. Imagine how nice it would be to check your mail and find no credit card statements in there.
ItтАЩs possible to apply for government grants via Internet for money you need. There is quite a large sum of money granted by the government, which goes unused as the majority of people has no idea that this money are available to them.
DonтАЩt forget that you can repay your bills and avoid any worries when you get a solution for debt relief. Getting grants that are accessible through the government programs can be the best solution to make repayments of the debt you currently have. You might require a little time to find the best option for your situation. But it is worth the effort that youтАЩll make as once you find it youтАЩll be able to deal with your difficulties fast and easy.

Purchase a duplex valued at $205,000.

admin — Sat, 29 Jan 2011 11:04:29 +0000

I have a borrower in DE, with a middle score of 608.┬а He is looking to purchase a duplex valued at $205,000.┬а The problem is I need to use 24 months of nak statements.┬а I have this loan with Meritage for an 80/20, but the way they are looking at deposits is making my DTI over 50%, if anyone knows a lender that could help I would appreciate it, also it is W2 stated wag earner.

27 unit purchase/rehab in Illinois

admin — Tue, 14 Dec 2010 11:21:13 +0000

I have a client who wants to purchase a 27 unit apartment building and convert in to 18 simplexes and 9 duplexes.┬а Need $2.35 million total including rehab costs.┬а Borrower has 20% of purchase price for equity investment and will personally guarantee the credit extension.┬а Need to close ASAP.

owner occupied property

admin — Fri, 10 Dec 2010 07:59:59 +0000

If i have a borrower who states that he is buying a property to owner occupy, BUT I happen to know otherwise through a mutual acquaintance. Am i at any legal obligation to notify the projected lender?

anyone know of source to call on

admin — Tue, 21 Sep 2010 11:41:46 +0000

I would appreciate if someone migh be able to provide someone i know┬а with some assistance or guide him with information on the best program(s) or source he should call on for this situation:┬а there purchasing a 115,000 home loan amount $92,000 with 23,000 down.┬а┬а┬а I have the first two pages of ’98 & ’99 tax returns, including Sched. C (P&L from Business), and have sent my 1099 for year 2000 ($137,000).┬а Since I work overseas, the 2000 return is still being prepared.┬а My 1099 for 2001 will (I hope) be no more than $150,000. I have also sent 2 months bank statements.┬а However, with divorce under way, he is wanting not to have the ex cause him a problem┬а buying.┬а he has his personal funds in a bank in Copenhagen ( at present, about $36,000).┬а If at all possible, he would like┬а not to want that account information included in files that can become public to his ex.┬а He has a home in New York with a $185K mortgage, and probable market value of $400K.┬а Other than the mortgage on that of ($1377/mo.), and┬а Volvo lease, and a Visa ($3,500), he has no other debts.┬а were trying to get or looking for a “reasonable” mortgage rate, meaning pretty close to market rate…….he won’t proceed if the rate gets inflated to high.