| Author |
Previous Topic | Next Topic |
|
TrueQuote
15 Posts |
 Posted - 07/08/2008 : 6:51:58 PM
|
| Can anyone help me locate a lender who will fund a stand-alone 2nd mortgage or Heloc, with a 668 Fico, Full-Doc, dti 49%, O/O, cltv 64% with the loan amount of $40,000? Borrower is using the 2nd mortgage as Debt Consolidation. No mortgage lates |
|
Newbud
231 Posts |
Posted - 07/08/2008 : 7:11:05 PM
|
| I may be able to do this deal - worth a shot to look at it at least |
|
|
TrueQuote
15 Posts |
Posted - 07/08/2008 : 7:17:31 PM
|
quote:
Originally posted by Newbud
I may be able to do this deal - worth a shot to look at it at least
|
|
|
Steve Dumae
1 Posts |
Posted - 07/09/2008 : 04:18:26 AM
|
Before giving some answer, we need to have some more details such as refinance or not etc.
http://inlinebusiness.com/cgi-bin/d.cgi/custsol/se_ret_07.html- Smart Equity |
|
|
TrueQuote
15 Posts |
Posted - 07/09/2008 : 11:56:24 AM
|
It is not a refi, as state previously, it is a stand-alone, 2nd mtg, $38k, o/o, full doc, dti 49%, Ca prop, cltv 64%, using 2nd to payoff debt, Fico 668, SFR.
What do you think?
Vicki
quote:
Originally posted by Steve Dumae
Before giving some answer, we need to have some more details such as refinance or not etc.
http://inlinebusiness.com/cgi-bin/d.cgi/custsol/se_ret_07.html- Smart Equity
|
|
|
Newbud
231 Posts |
Posted - 07/09/2008 : 8:15:24 PM
|
| I think we can do it - please email your contact info to me at bigmaned@optonline.net |
|
|
mantixmortgage
2717 Posts |
Posted - 07/09/2008 : 8:44:49 PM
|
quote:
Originally posted by Newbud
I think we can do it - please email your contact info to me at bigmaned@optonline.net
are you a lender, loan officer or who are you? |
|
|
Newbud
231 Posts |
Posted - 07/10/2008 : 04:30:39 AM
|
| Lender |
|
|
TrueQuote
15 Posts |
Posted - 07/10/2008 : 2:50:53 PM
|
I am a broker.
quote:
Originally posted by mantixmortgage
quote:
Originally posted by Newbud
I think we can do it - please email your contact info to me at bigmaned@optonline.net
are you a lender, loan officer or who are you?
|
|
|
bramous
970 Posts |
Posted - 07/10/2008 : 3:06:01 PM
|
quote:
Originally posted by Newbud
Lender
What is your comany name? Website? Why don't you have a company email? |
|
|
TrueQuote
15 Posts |
Posted - 07/10/2008 : 3:16:03 PM
|
What are you, the lender police? What does, "What is your comany name? Website? Why don't you have a company email?" have anything to do with Stand-Aone Seconds?
I was asking for assistance, not the third degree! However, my company name is "TrueQuote Mortgage, Inc", website: www.truequotemortgage.com and company email is: vicki@truequotemortgage.com. I am the President of this brokerage. Does that satisfy you? Not that it matters.
Now, if you have any answers to my original requests, I would love to hear them, if not, I am not into explaining things that are irrelevant to my original question. I wasn't aware that answers are contingent upon if I have a company email or not. If that's the case, don't answer my questions.
quote:
Originally posted by bramous
quote:
Originally posted by Newbud
Lender
What is your comany name? Website? Why don't you have a company email?
|
|
|
OHlo61
66 Posts |
Posted - 07/10/2008 : 4:04:02 PM
|
| TrueQuote, you need to calm down. Bramous is referring to the poster by the name of Newbud, which you should have been able to determine since Bramous quoted Newbud's post in his own. So relax, get a drink, and then we can go from there. |
|
|
ericaldridge
208 Posts |
Posted - 07/10/2008 : 4:08:56 PM
|
| He is not asking you. He is asking Newbud who is stating he is a lender but his title says mortgage agent. He might be doing you a favor if you don't know that there are LOs on here trolling for other dumb LOs trying to get them to send them their files. They tell you they can do the deal and get you to send the file over. Then they close your loan, steal your identity, and kick your dog. I do it all the time. |
|
|
TrueQuote
15 Posts |
Posted - 07/10/2008 : 4:10:35 PM
|
T.C.
Minding your own busines is not a strong suit of yours is it? Do you not have enough business that you keep reading others online? And about "relaxing, get a drink (I am sure that's what you would do) and then we can go from there", I would rather not. Again, if you can't add anything to my original request, please don't respond.
quote:
Originally posted by OHlo61
TrueQuote, you need to calm down. Bramous is referring to the poster by the name of Newbud, which you should have been able to determine since Bramous quoted Newbud's post in his own. So relax, get a drink, and then we can go from there.
|
|
|
TrueQuote
15 Posts |
Posted - 07/10/2008 : 4:13:27 PM
|
Well Eric,
Now that I know this about you (and others will now know as well), thanks for telling me.
Whose the dumb LO now?
quote:
Originally posted by ericaldridge
He is not asking you. He is asking Newbud who is stating he is a lender but his title says mortgage agent. He might be doing you a favor if you don't know that there are LOs on here trolling for other dumb LOs trying to get them to send them their files. They tell you they can do the deal and get you to send the file over. Then they close your loan, steal your identity, and kick your dog. I do it all the time.
|
|
|
clearwaterny
347 Posts |
Posted - 07/10/2008 : 4:13:54 PM
|
| To answer your question, try US Bank. I believe they might go to that low of a fico going full doc or M&I bank. And Bramous was just trying to call out the other person because alot of people are getting burned by brokers pretending that they are lenders when these brokers are actually trying to steal deals. Hope this helps. |
|
|
TrueQuote
15 Posts |
Posted - 07/10/2008 : 4:17:43 PM
|
Thanks for your help Clearwaterny, it's the best info I have heard. I will take you up on your advice. It' nice to know that Broker's Outpost really has a purpose!
quote:
Originally posted by clearwaterny
To answer your question, try US Bank. I believe they might go to that low of a fico going full doc or M&I bank. And Bramous was just trying to call out the other person because alot of people are getting burned by brokers pretending that they are lenders when these brokers are actually trying to steal deals. Hope this helps.
|
|
|
clearwaterny
347 Posts |
Posted - 07/10/2008 : 4:20:50 PM
|
| No Problem. |
|
|
ericaldridge
208 Posts |
Posted - 07/10/2008 : 4:27:27 PM
|
| Holy Moly dude, you need to chill. I was joking. But there are brokers on here stealing loans. M&I or US bank should be able to do your loan by the way. You're welcome. |
|
|
TrueQuote
15 Posts |
Posted - 07/10/2008 : 4:39:33 PM
|
For one, Eric, I am not a "Dude", Secondly, I never (or will I) thanked you. Why would you "repeat" the same info that Clearwaterny just said? Are you trying to look "smart" or something? Too late...Where is your professionalism? Please don't bother responding, I am not interested.
quote:
Originally posted by ericaldridge
Holy Moly dude, you need to chill. I was joking. But there are brokers on here stealing loans. M&I or US bank should be able to do your loan by the way. You're welcome.
|
|
|
ericaldridge
208 Posts |
Posted - 07/10/2008 : 4:47:55 PM
|
| I didn't re-quote,they just type faster. Lighten up. |
|
|
isne14420
98 Posts |
Posted - 07/10/2008 : 4:50:09 PM
|
| US bank. all day long. you need a 650 mid and they will go to 85 cltv |
|
|
Newbud
231 Posts |
Posted - 07/10/2008 : 5:22:12 PM
|
I'm sorry, I didn't mean to cause any trouble. Here is my website:
http://fa.ml.com/ed_skibicki
I didn't know what to call myself on here - I am a financial advisor who does a ton of work with liabilities. We can offer HELOC's to clients and non-clients. I can't pay any referral fees, but have helped many people do additional business through our HELOC offering, as I am only interested in the 2nd, not the first mortgage. Most of my work has been in the "purchase HELOC" area for this reason.
We do stand-alone HELOC's or "convenience lines" as well but I understand why I don't get many referrals in that area because there is nothing for the referring party on the other end.
We have great programs with no closing costs, competitive rates, can do every state, and even pick up the mortgage tax in states that have them up to the first $200,000 on the HELOC.
Again, I understand and appreciate the concern and I apologize to anybody that I may have confused or offended.
Ed
|
|
|
moneyluck
3775 Posts |
Posted - 07/10/2008 : 5:24:26 PM
|
True quote,
what state is the property in?
I'm not a dude either, haha, but what is stated here is correct beyond that point: there really are brokers masquerading as lenders - we have seen a few good members get burned, and I do think that all the warnings were in good faith.
Newbud- you didn't answer the question? Forgive us, but there really are trolls on here, and most lenders don't have an issue identifying themselves by company. If you are a lender, can you tell us who so that suspicion is alleviated?
All- we can only warn so many times, it seems. Sometimes, the trolls will win. |
|
|
moneyluck
3775 Posts |
Posted - 07/10/2008 : 5:25:40 PM
|
| nevermind newbud, you typed faster than I did! thanks for the clear-up. welcome to the BO. |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
