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NeedAbeer
121 Posts |
 Posted - 05/21/2008 : 07:56:52 AM
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| Anyone besides Bank United? Bank United seems like they kill deals not close them! |
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davidfr
1172 Posts |
Posted - 05/21/2008 : 08:15:17 AM
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| We just closed an EA3 investor deal with Bank United, with a 585 score. The rate was even decent. We actually had a good experience with it. This was in FLA. |
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South Shore
410 Posts |
Posted - 05/21/2008 : 08:17:38 AM
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Most of your EA-I, EA-II and EA-III scenarios would be much better closing with FHA product as FHA rates and monthly MI are MUCH lower! HUD has also raised their loan limits and we can now save even more of your deals that will not work conforming but will FHA!
Our Company (est. 1987) has a well established Affiliate Program for non-FHA approved Brokers where you can assist your existing client with FHA product.
FHA guidelines provide for 95% on cashout refinances. Purchases are up to 97% LTV w/ up to a 6% seller's concession. No declining market reductions either!
Our focus is to work hard to close your clients loans and to build a long term relationship with your company. You are recognized as the Broker, can make up to 2% Broker Fee, payable right on HUD; no ysp.
I am directly available to discuss our Program and your scenarios for properties in ME, FL, MD, DE, NY, CT, MA, IL, MN, AZ, and CO.
Have a scenario? FAX or e-mail me your 1003 and credit for same day review.
Neely Mondello; DE
South Shore Mortgage
866-237-7452 x242
FAX: 631-574-1442
neelymondello@myfastmortgage.com
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davidfr
1172 Posts |
Posted - 05/21/2008 : 08:20:26 AM
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quote:
Originally posted by South Shore
Most of your EA-I, EA-II and EA-III scenarios would be much better closing with FHA product as FHA rates and monthly MI are MUCH lower! HUD has also raised their loan limits and we can now save even more of your deals that will not work conforming but will FHA!
Our Company (est. 1987) has a well established Affiliate Program for non-FHA approved Brokers where you can assist your existing client with FHA product.
FHA guidelines provide for 95% on cashout refinances. Purchases are up to 97% LTV w/ up to a 6% seller's concession. No declining market reductions either!
Our focus is to work hard to close your clients loans and to build a long term relationship with your company. You are recognized as the Broker, can make up to 2% Broker Fee, payable right on HUD; no ysp.
I am directly available to discuss our Program and your scenarios for properties in ME, FL, MD, DE, NY, CT, MA, IL, MN, AZ, and CO.
Have a scenario? FAX or e-mail me your 1003 and credit for same day review.
Neely Mondello; DE
South Shore Mortgage
866-237-7452 x242
FAX: 631-574-1442
neelymondello@myfastmortgage.com
Does anybody besides me get tired of this type of response? It the OP wanted information about FHA, he would have asked. Most EA3 loans have no chance of going FHA. |
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hoangad
2931 Posts |
Posted - 05/21/2008 : 08:24:16 AM
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| yeah, he should be banned. what a loser. |
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