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JEMORTGAGE
125 Posts |
 Posted - 05/11/2008 : 6:20:19 PM
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740 full doc, 30ltv..150k loan amount
this should be an easy loan
what kind of rates will i get with this and can it be zero closing cost
its for a personal friend so i just want to get it done!!!
thanx |
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pghquest
25 Posts |
Posted - 05/11/2008 : 9:25:09 PM
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| Recently did one with PNC Bank (.com) think the total cost was $99 to do the loan, 4.99% |
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JEMORTGAGE
125 Posts |
Posted - 05/11/2008 : 10:43:15 PM
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| Anyone else?? Wells?, wachovia, suntrust?? Countrywide??? Ae's won't return my calls!!!! |
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KHufford
3122 Posts |
Posted - 05/12/2008 : 01:36:31 AM
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US Bank is the best right now, the client can just fix the rate whenever they choose for a small $50 fee.
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JEMORTGAGE
125 Posts |
Posted - 05/12/2008 : 06:49:03 AM
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| BUMP |
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JEMORTGAGE
125 Posts |
Posted - 05/12/2008 : 2:39:20 PM
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| first lien position also, what kind of rates for a fixed heloc or should i just tell him to go to bank |
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LO1003
43 Posts |
Posted - 05/12/2008 : 4:11:33 PM
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RBC does fixed rate helocs. Certain states only though.
Fixed Interest Rate HELOC Feature
*Debt to Income Calculation:
- HELOC qualifying payment: 1% of requested Line amount
- Subject to RBC Bank underwriting criteria for DTI
© RBC Bank (USA) 2008. Member FDIC. ® Registered trademark of Royal Bank of Canada. ™Trademark of Royal Bank of Canada. Used under license.
RBC Bank is a trade name used by RBC Bank (USA) and its branch offices operate under this trade name.
Page 1 of 6
Account Executive: Alan J. Silverman (404)495-6423 Work / (404)242-9299 Cell / (404)495-6485 Fax SALES ASST: Gay Coon (404)495-6413
Wholesale Processing Center: RBC Bank, 2355 Main Street, Tucker, GA 30084 (Tel: 404-495-6446 Fax: 866-379-5320)
For Internal Use by Brokers Only - Not for Distribution to or use by Consumers
Rates Subject to Change Without Notice
Please contact Account Executive for complete program details
FIXED RATE HELOC RATES (Client Margin to Prime +/- to be added to these
base rates):
Broker Compensation Estimated Closing Costs
- Title Insurance (Loans >= $150k) $2 per $1,000; FL: $5 per $1,000
- Intangible Tax if applicable (GA: $3 per $1,000; FL: $0.20 per $100; AL: $0.15 per
$100)
Program Guidelines
RBC Bank orders own appraisal on all lines and loans over $250K
- Negative amortizing Loans are qualified and CLTV calculated based on the |
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JEMORTGAGE
125 Posts |
Posted - 05/12/2008 : 5:32:41 PM
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| WHAT ARE TERMS ON A FIXED HELOC AND RATES PLS |
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Mandyvilla
2047 Posts |
Posted - 05/12/2008 : 6:39:57 PM
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JEMORTGAGE,
We have fixed heloans and/or a heloc that can be converted to a fixed rate at any timne. There is no charge to the applicant, no annual fee, no appraisal fee, no prepay. We pay all closing costs. Rates are tied to LTV, credit score and loan amount. Our helocs are taking about 3 to 4 weeks from start to finish. If they are already a customer, I think it's a 1/4% break in the rate.
Our loan products are not available via wholesale and I am not on BO to solicit loans. I don't know how much help I could be, but certainly more than a bank branch. The reason it takes so long is that we do our own title work and the foreclosures have made things a bit dicey.
I have closed down the work laptop and will price it for you in the morning and will shoot you an email. What state is the property in? |
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JEMORTGAGE
125 Posts |
Posted - 05/12/2008 : 6:47:24 PM
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| FL |
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