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diamondlm
78 Posts |
 Posted - 03/13/2008 : 12:26:45 PM
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Need streamlined or no doc 2nd
ltv below 50%
Ny
740 mid |
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williamspeaking
4058 Posts |
Posted - 03/13/2008 : 12:55:34 PM
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| seriously? no doc 2nd? are we being punked? |
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diamondlm
78 Posts |
Posted - 03/14/2008 : 11:01:45 AM
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funny I have 3 banks that will do it
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anthonyt2325
1387 Posts |
Posted - 03/14/2008 : 11:03:48 AM
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| whose doing no doc 2nds????? |
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kmikkola
794 Posts |
Posted - 03/14/2008 : 11:10:51 AM
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quote:
Originally posted by diamondlm
funny I have 3 banks that will do it
You need it, but you have it? huh??? |
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CoralSnake
10822 Posts |
Posted - 03/14/2008 : 11:45:38 AM
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quote:
Originally posted by diamondlm
funny I have 3 banks that will do it
Really?
Why dont you enlighten us all and name 2 of them. |
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williamspeaking
4058 Posts |
Posted - 03/14/2008 : 12:14:35 PM
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| Kind of like the guy that posted about 6m cash out to 80% that said he already had it approved but wanted to see if anyone else had it. |
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nowbroker
1361 Posts |
Posted - 03/14/2008 : 12:37:24 PM
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At that LTV, a private investor would bite. But I am thinking he did not get a 7% rate with no fees |
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diamondlm
78 Posts |
Posted - 03/18/2008 : 10:39:31 PM
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i will tell you one
and that is charter one will do no doc up to 75k on a 2nd
i emailed this before they contacted me back
20 year fixed at 6.19
so plz dont tell me its not possible
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mantixmortgage
2717 Posts |
Posted - 03/18/2008 : 10:43:44 PM
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| not wholesale |
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CoralSnake
10822 Posts |
Posted - 03/19/2008 : 06:12:40 AM
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quote:
Originally posted by diamondlm
i will tell you one
and that is charter one will do no doc up to 75k on a 2nd
i emailed this before they contacted me back
20 year fixed at 6.19
so plz dont tell me its not possible
Charter One doesnt even do stated anymore. Try again. |
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CoralSnake
10822 Posts |
Posted - 03/19/2008 : 06:44:20 AM
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I recieved a lead yesterday.
Borrower wants a NoDoc Home Equity Line of Credit. He wants to buy a new house and doesnt want to be forced to sell his current house in this bad market for sellers.
He knows its out there and doesnt want to speak to anyone unless they can offer it.
I was laughing my ass off.
Shall I tell him to call you? |
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brandie
3260 Posts |
Posted - 03/19/2008 : 06:51:53 AM
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quote<Need streamlined or no doc 2nd
ltv below 50%
Ny
740 mid>
quote< funny I have 3 banks that will do it>
Sorry diamond, but if you have 3 banks that can do this, then why are you asking us?
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kmikkola
794 Posts |
Posted - 03/19/2008 : 07:21:59 AM
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| He said he had it on a 20 yr 2nd at 6.19%... obviously that is a horrible rate for a no doc 2nd. He should be able to get 4.25% right now, I guess. lol |
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lewman7
151 Posts |
Posted - 03/19/2008 : 07:49:30 AM
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| BANK OF AMERICA WILL DO NO DOC I JUST REFIED MY HOUSE 95% LTV 6.5 AND SHOWED THEM A DRIVERS LICENSE IF THIS HELPS |
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jb060310
316 Posts |
Posted - 03/19/2008 : 07:50:40 AM
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quote:
Originally posted by CoralSnake
quote:
Originally posted by diamondlm
i will tell you one
and that is charter one will do no doc up to 75k on a 2nd
i emailed this before they contacted me back
20 year fixed at 6.19
so plz dont tell me its not possible
Charter One doesnt even do stated anymore. Try again.
Charter One doesn't do anything wholesale any more, they shut that division down months ago. Even when they did it, there was not a "no doc" program. |
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nowbroker
1361 Posts |
Posted - 03/19/2008 : 08:39:22 AM
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| B of A does not do any no doc loans, If you have a good credit score, they will go stated, (they call it "rapid"). But require verified employment just like other stated programs. |
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diamondlm
78 Posts |
Posted - 03/19/2008 : 11:37:28 AM
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well when I get the docs I will show them to you
Its possible and its done |
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anthonyt2325
1387 Posts |
Posted - 03/19/2008 : 11:56:06 AM
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| No Doc 2nd...can this be used with a stated FHA Loan??? |
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romydefay
55 Posts |
Posted - 03/19/2008 : 12:22:59 PM
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What's the lender that's doing no doc 2nd?
please advise
Romy
quote:
Originally posted by kmikkola
quote:
Originally posted by diamondlm
funny I have 3 banks that will do it
You need it, but you have it? huh???
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bellevueloan
120 Posts |
Posted - 03/19/2008 : 12:44:55 PM
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quote:
Originally posted by nowbroker
B of A does not do any no doc loans, If you have a good credit score, they will go stated, (they call it "rapid"). But require verified employment just like other stated programs.
I thought BofA wholesale closed on 11/25/07. Are you guys referring to the retail side?? |
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diamondlm
78 Posts |
Posted - 03/19/2008 : 8:44:28 PM
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whats funny is that its getting done
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CoralSnake
10822 Posts |
Posted - 04/09/2008 : 12:16:18 PM
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| How did this one turn out? |
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jscorbett
3642 Posts |
Posted - 04/09/2008 : 12:43:42 PM
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quote:
Originally posted by CoralSnake
How did this one turn out?
Like a fart in a diving helmet. |
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CoralSnake
10822 Posts |
Posted - 04/09/2008 : 12:44:31 PM
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quote:
Originally posted by jscorbett
quote:
Originally posted by CoralSnake
How did this one turn out?
Like a fart in a diving helmet.
I thought it was a fart in the wind. |
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takeastep
106 Posts |
Posted - 04/09/2008 : 12:48:03 PM
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I just closed (two) no docs line of credits done on non-owners.
That was retail, through BofA.
Five minute process and bang, docs in a week.
Thay didn't ask or verify (from my knowledge) anything.
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neg_am630
108 Posts |
Posted - 04/09/2008 : 12:49:26 PM
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| Chuck Norris Financial. |
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