| Author |
Previous Topic | Next Topic |
|
Dark1
111 Posts |
 Posted - 08/12/2008 : 3:35:46 PM
|
Any ideas or recommendations pertaining to the loan will be greatly appreciated...
Hawaii
SFR
OO
0x30
684 fico
Cash out refi
25ltv
135K loan amount
Stated Self Employed
Looking for a 30yr fixed or an IO loan ( borrower has no previous mortgage history and owns the property free and clear).
Thanks.
|
|
natetheskate
606 Posts |
Posted - 08/12/2008 : 3:54:43 PM
|
| How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense... |
|
|
mdiclemente
1016 Posts |
Posted - 08/12/2008 : 4:03:12 PM
|
| How long has it been free and clear? |
|
|
Dark1
111 Posts |
Posted - 08/12/2008 : 4:05:14 PM
|
quote:
Originally posted by mdiclemente
How long has it been free and clear?
at least a year... |
|
|
Dark1
111 Posts |
Posted - 08/12/2008 : 4:09:14 PM
|
quote:
Originally posted by natetheskate
How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense...
I guess i missed that and in the future please waste your time somewhere else Mr. Perfect or j#$k off with some icy hot. |
|
|
bestbet123
1577 Posts |
Posted - 08/12/2008 : 4:27:19 PM
|
LMAO that's still funny i don't care who you are.
quote:
Originally posted by Dark1
quote:
Originally posted by natetheskate
How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense...
I guess i missed that and in the future please waste your time somewhere else Mr. Perfect or j#$k off with some icy hot.
|
|
|
velecico
3930 Posts |
Posted - 08/12/2008 : 4:30:38 PM
|
I am going to try that , Icy Hot |
|
|
SolarMTG
383 Posts |
Posted - 08/12/2008 : 4:33:27 PM
|
quote:
Originally posted by natetheskate
How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense...
The deal makes perfect sense. Maybe you just did not understand or read the whole thing. If the property is free and clear you wouldnt count the mortgage history as a 1x120 would you? You would count it as a 0x30 since there are no payments. There is no mortgage history because the loan is paid off in full. I don't think it takes a genius to figure this one out. If that makes no sense to you, then I don't know what else to say. |
|
|
Davemtg
277 Posts |
Posted - 08/12/2008 : 4:36:14 PM
|
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=236235
Don't let natetheskate get to you, he is being a jerk |
|
|
Dark1
111 Posts |
Posted - 08/12/2008 : 4:37:45 PM
|
quote:
Originally posted by SolarMTG
quote:
Originally posted by natetheskate
How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense...
The deal makes perfect. Maybe you just did not understand or read the whole thing. If the property is free and clear you wouldnt count the mortgage history as a 1x120 would you? You would count it as a 0x30 since there are no payments. There is no mortgage history because the loan is paid off in full. I don't think it takes a genius to figure this one out. If that makes no sense to you, then I don't know what else to say.
Thank you for pointing that out but as you know there are a bunch of weirdos that will never have the guts to say something in person that create cyber personas and pretend to be tough and all knowing while living in someone's attic. |
|
|
SolarMTG
383 Posts |
Posted - 08/12/2008 : 4:40:10 PM
|
| Maybe they count it as a 0x0? |
|
|
Dark1
111 Posts |
Posted - 08/12/2008 : 4:42:15 PM
|
| Alright gang...let us get back to work and see if we can help out, i believe the smartass learned his lesson...thanks again for your input. |
|
|
KipW
218 Posts |
Posted - 08/12/2008 : 4:44:00 PM
|
quote:
Originally posted by natetheskate
How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense...
The majority of the members of the BO have left their "desk' at the time of his post. |
|
|
rainmand
3804 Posts |
Posted - 08/12/2008 : 4:55:01 PM
|
| what is the homeowners age? |
|
|
Dark1
111 Posts |
Posted - 08/12/2008 : 4:56:56 PM
|
quote:
Originally posted by rainmand
what is the homeowners age?
43.....RM crossed my mind too but that won't fly. |
|
|
bestbet123
1577 Posts |
Posted - 08/12/2008 : 4:59:41 PM
|
| I will bump this for you bro,i can't beleive that nobody can help you on this....25 ltv?????heck if i had the money i'd lend it to em. |
|
|
Mandyvilla
3395 Posts |
Posted - 08/12/2008 : 5:01:40 PM
|
quote:
Originally posted by bestbet123
LMAO that's still funny i don't care who you are.
quote:
Originally posted by Dark1
quote:
Originally posted by natetheskate
How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense...
I guess i missed that and in the future please waste your time somewhere else Mr. Perfect or j#$k off with some icy hot.
I do believe Dark1 has come up w/ a new BO classic....."IcyHot" LOL |
|
|
Dark1
111 Posts |
Posted - 08/12/2008 : 5:35:16 PM
|
quote:
Originally posted by Mandyvilla
quote:
Originally posted by bestbet123
LMAO that's still funny i don't care who you are.
quote:
Originally posted by Dark1
quote:
Originally posted by natetheskate
How can you have zero lates and then say you have no mortgage history...No one has responded because your deals makes no sense...
I guess i missed that and in the future please waste your time somewhere else Mr. Perfect or j#$k off with some icy hot.
I do believe Dark1 has come up w/ a new BO classic....."IcyHot" LOL
Thanks Mandyvilla although i can't take credit for coming up with it (Boondocks) and to "bestbet123"...I feel the same way bro. |
|
|
mudshark
3829 Posts |
Posted - 08/12/2008 : 5:37:00 PM
|
| Wachovia, Home Savings |
|
|
bancgroup
89 Posts |
Posted - 08/12/2008 : 10:00:24 PM
|
| stated? with that ltv and credit you could get a full doc 55-60% back end approved through du.... That works out to about $1700 a month or 9.80 an hour... while that is more than most loan officers a real working stiff should be able to show that income... perhaps a cosignor if the self employed stiff is a loan officer... cheers! |
|
|
natetheskate
606 Posts |
Posted - 08/13/2008 : 4:13:32 PM
|
| 0.0 |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
