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mortgageone
8 Posts |
 Posted - 05/20/2008 : 10:49:17 AM
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Any brokers have lenders that will do this? You keep the fees! I just need it done ASAP.
Purchase (I only need a 2nd...the 1st is c2c)
800 Credit Score
Full Doc
Primary
89.99 CLTV
Loan Amt. 115,740
(1st loan amt is 417k)
592k purchase price
52 DTI
Email me at mattsuissa@aol.com |
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PMFMike
222 Posts |
Posted - 05/20/2008 : 11:05:58 AM
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https://www.gbmortgagelending.com
I think the DTI, will kill though. Let me know if it works out. |
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mortgageone
8 Posts |
Posted - 05/20/2008 : 11:16:23 AM
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| Great suggestion!! But they take 10-15 days to underwrite and we're closing Friday. Thanks though!! :) |
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Carpet Muncher
1385 Posts |
Posted - 05/20/2008 : 11:18:58 AM
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quote:
Originally posted by mortgageone
Any brokers have lenders that will do this? You keep the fees! I just need it done ASAP.
Purchase (I only need a 2nd...the 1st is c2c)
800 Credit Score
Full Doc
Primary
89.99 CLTV
Loan Amt. 115,740
(1st loan amt is 417k)
592k purchase price
52 DTI
Email me at mattsuissa@aol.com
Have the customer check with his own bank for the second. They may be able to turn around a quick HELOC |
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lukeallison
1409 Posts |
Posted - 05/20/2008 : 11:24:31 AM
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| I love how "we're closing Friday" is just thrown in there so matter-of-fact. GB is probably the only lender on the wholesale market right now who would do it if it's not an in-house combo. US Bank would have done it if the 1st was with them but you do not seem to have much time left to re-write the file. Sorry. |
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mortgageone
8 Posts |
Posted - 05/20/2008 : 11:30:00 AM
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| haha...yeah I need to lower my expectations I think :) But thanks so much for the info. |
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dtabar
768 Posts |
Posted - 05/20/2008 : 11:39:11 AM
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quote:
Originally posted by Carpet Muncher
quote:
Originally posted by mortgageone
Any brokers have lenders that will do this? You keep the fees! I just need it done ASAP.
Purchase (I only need a 2nd...the 1st is c2c)
800 Credit Score
Full Doc
Primary
89.99 CLTV
Loan Amt. 115,740
(1st loan amt is 417k)
592k purchase price
52 DTI
Email me at mattsuissa@aol.com
Have the customer check with his own bank for the second. They may be able to turn around a quick HELOC
most banks will not do a con-current second. |
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khoiey
1583 Posts |
Posted - 05/20/2008 : 12:06:16 PM
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| You may want to extend the closing date if you want it to close. Does the client have the rest of 20% down? If not then either move the closing back or no one will make money and be happy :-D |
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Carpet Muncher
1385 Posts |
Posted - 05/20/2008 : 12:08:46 PM
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quote:
Originally posted by dtabar
quote:
Originally posted by Carpet Muncher
quote:
Originally posted by mortgageone
Any brokers have lenders that will do this? You keep the fees! I just need it done ASAP.
Purchase (I only need a 2nd...the 1st is c2c)
800 Credit Score
Full Doc
Primary
89.99 CLTV
Loan Amt. 115,740
(1st loan amt is 417k)
592k purchase price
52 DTI
Email me at mattsuissa@aol.com
Have the customer check with his own bank for the second. They may be able to turn around a quick HELOC
most banks will not do a con-current second.
Huntington will. I agree most won't. It is worth a phone call though. |
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Travis Du Bois
589 Posts |
Posted - 05/20/2008 : 12:39:55 PM
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I can do both of them if you wish
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=204186
but not the stand alone 2nd. Even up to 55% DTI! |
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EMScommercial
5138 Posts |
Posted - 05/20/2008 : 12:45:28 PM
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| tough one... good luck.... |
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dromanski
58 Posts |
Posted - 05/20/2008 : 12:49:54 PM
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quote:
Originally posted by lukeallison
I love how "we're closing Friday" is just thrown in there so matter-of-fact. GB is probably the only lender on the wholesale market right now who would do it if it's not an in-house combo. US Bank would have done it if the 1st was with them but you do not seem to have much time left to re-write the file. Sorry.
Really! I guess he is SOL and not closing Friday! By the way that sounds like a great deal. Let me jump in a file on a 2nd the last minute to make peanuts!! |
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mojojojo_1
847 Posts |
Posted - 05/20/2008 : 12:50:36 PM
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| even retail branches are taking forever, and at least for bofa, the max cltv is 85% |
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