Mortgage lender guys

[SpyWizard]

I would still email him. He specializes in investment properties

I'll do that.. does he know you by this handle??

 

[rudeboyja]

I'll do that.. does he know you by this handle??

Nah. You can just tell him you got the email address from a client in Maryland that he got a loan for last week. Or shoot me your email address & I'll forward it to him.

 

[calveless wonder]

Good luck with that. It's hard enough to get a 100% purchase OO No doc now days. Thank goodness all my loans have been conforming lately.

bleh...no money in conforming

 

[jnevin]

bleh...no money in conforming

Boolshit. I price every deal with 3. Of course, I'm almost 100% referrals, so I can.

 

[calveless wonder]

Boolshit. I price every deal with 3. Of course, I'm almost 100% referrals, so I can.

yeah exactly. it's alot easier if they don't grind you out for every fuckin quarter point. my time is way too valuable for that shit

i like my subprime clients. take it or go into foreclosure LOL

 

[jnevin]

yeah exactly. it's alot easier if they don't grind you out for every fuckin quarter point. my time is way too valuable for that shit

i like my subprime clients. take it or go into foreclosure LOL

Subprime's good. Takes too long, too many conditions. I'll do it all though.

 

[feisty11975]

bleh...no money in conforming

yeah right. I make a pretty good living. I have to close 3 loans to jnevins 1 to make what he does but I enjoy it. Our values suck ass here though. 2500 sq ft new construction going for $100 a sq ft.

 

[SpyWizard]

OK, got the call from the underwriter

100% Non Occ purchase only 80% cash out on a refi

740 middle fico score

Stated with 6 month bank statements..

that's it.. in my area with 3 of the major subprime lenders closing their doors since the 1st of the year.. i am trying to get to see as many people as i can right now..

30 yr fixed
5/30 arm
1/30 arm

depends on how long you are going to hold..

also same criteria on a fix/flip 85% of the appraised value post construction..

 

[SpyWizard]

yeah exactly. it's alot easier if they don't grind you out for every fuckin quarter point. my time is way too valuable for that shit

i like my subprime clients. take it or go into foreclosure LOL

the last deal i did in the late 80's when i was most active in this business

Hard money,

3 days to close (check in woman's hands)

70% 1st (paying off an existing for $185,000)

18% interest only for 1 yr prepaid 18 points origination..

I did the comps, pulled the title ins.. handed her the money for bail on her son..

sub prime... / hard money.. aren't always the same.. she was happy.. now if i could have just used my own money then i would have been happy..

oh well..

 

[Bikini Mod]

the last deal i did in the late 80's when i was most active in this business

Hard money,

3 days to close (check in woman's hands)

70% 1st (paying off an existing for $185,000)

18% interest only for 1 yr prepaid 18 points origination..

I did the comps, pulled the title ins.. handed her the money for bail on her son..

sub prime... / hard money.. aren't always the same.. she was happy.. now if i could have just used my own money then i would have been happy..

oh well..

How about no money down, 18k to buyer 3 points and 6.5% fixed no PPP