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Loan Scenario: CA, $350,000, Purchase

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: CA, $350,000, Purchase
 

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Latest post Tue, Sep 22 2009 2:28 PM by Chuck Flowers. 3 replies. Viewed 326 times.
Page 1 of 1 (4 items)

  • Mon, Aug 17 2009 4:37 PM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: California
    Loan County: ---
    Loan Type: Purchase
    Loan Amount: $350,000
    Property Value: ---
    LTV: ---
    FICO: ---
    DTI: ---
    Occupancy Type: Owner-Occupied
    Property Type: Condo > 5 Stories

    New high rise condo project with no units sold yet. FNMA approved. Is there a lender out there that will be the first to close on these units? Obviously occupency rate and exposure is the big issue.

  • Wed, Aug 26 2009 6:36 PM                 In reply to

    |Contact

    Does the building have a preferred lender? Maybe start there.  

    PREMIUM MEMBER
     Justin Bayle
    CenTek Capital Group, 9100 Wilshire Blvd., Ste. 275E, Beverly Hills, CA 90212
    Tel: 310-275-3202 Fax:310-247-1232 Email: justinbayle@gmail.com
    SERVICE. INNOVATION. COMMITMENT. Serving homeowners and investors across California.

  • Wed, Aug 26 2009 7:32 PM                 In reply to

    |Contact
    Note the fact you have no information posted on the borrower, what is there to close on? If you want a deal closed, then state the details. If you have never been on the funding side, then you don't know the cost. But know there is one. Otherwise, its just a waste of time. Thank you! Thank you! Lorne

  • Tue, Sep 22 2009 2:28 PM                 In reply to

    |Contact

    Looks like not much has changed from two years ago when I was still quoting scenarios. A complete scenario from an agent was rare. Humbug!
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