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andrewh1
56 Posts |
 Posted - 11/02/2009 : 11:49:47 AM
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| Is it even possible to gt a hard money loan on a owner occupied property? Based on section 32 of Regulation Z it seems this is almost impossible to do. |
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aaron1976
885 Posts |
Posted - 11/02/2009 : 3:18:47 PM
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| If the property is in CA we would have an interest. 60% LTV max on purchases and 55% LTV max on refinances. Broker can charge a max of 1 point. |
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Jack Straw
1341 Posts |
Posted - 11/02/2009 : 4:31:27 PM
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| Can be done, just not stated. |
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the_mortgage_guy
2628 Posts |
Posted - 11/02/2009 : 5:13:52 PM
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| Eatern, Emmigrant can |
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PBFinancial01
186 Posts |
Posted - 11/03/2009 : 3:34:08 PM
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If they go full doc I can help you with it.
Thank you,
Pouyan Broukhim
PB Financial Group Corp
310-289-0900 x 102 Office
866-318-4471 Direct Fax
pbroukhim@pbfinancialgrp.com
www.pbfinancialgrp.com
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andrewh1
56 Posts |
Posted - 11/03/2009 : 4:28:24 PM
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| Do any of you guys lend in NY? |
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