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dkendall1979
11120 Posts |
 Posted - 05/21/2008 : 8:44:26 PM
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Let's say, hypothetically, that you went to a hotel, met a girl/guy and hit it off. You come to find out that the girl/guy is the son/daughter of Prince/princess Habibi/Watootoo, the Hier/Hieress to the Suadi Royal Throne. This prince/princess decides that you need one billion dollars to start lending out.
What are your banks loan programs? |
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the_mortgage_guy
1276 Posts |
Posted - 05/21/2008 : 8:49:17 PM
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| high to moderately hot females ( ie. low to mod income). can pay with check or pictures. |
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dkendall1979
11120 Posts |
Posted - 05/21/2008 : 8:51:18 PM
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Ok Master Bates, but I don't see the reason in giving them money for this, a difference in perception I suppose. However, you're entitled to your POV and thank you for sharing this illustrious avenue for lending.
quote:
Originally posted by the_mortgage_guy
high to moderately hot females ( ie. low to mod income). can pay with check or pictures.
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juando67
115 Posts |
Posted - 05/22/2008 : 02:32:45 AM
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Oh..... maybe Jumbo SIVA with "old-fashioned" u/w guidelines that took into account things like payment-shock and reserves and that made the underwriter ask questions like "if this guy is making $150/K a year, why does he only have two credit cards with $5K limits and why has he only had them for 6 months?"
Another might be a program which would allow borrowers to leverage high-quality, liquid (not 401K or IRA) assets in lieu of down-payment.
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darkstar
19300 Posts |
Posted - 05/22/2008 : 04:27:12 AM
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>>>>This prince/princess decides that you need one billion dollars to start lending out.
Another example of how to make a small fortune in the mortgage business, start with a large one! |
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