"George I would like to talk to you... let's touch base sometime soon."    View Post

"Loan Scenario View All Post A Scenario Loan State: California Loan County: San Diego Loan Type: Purchase Loan Amount: $1,000,000 Property Value: $1,500,000 LTV: 67% FICO: 750 DTI: 40 Occupancy Type: Owner-Occupied Property Type: Single Family Residence I am a finance broker and understand our lending environment, regardless - NEED STATED INCOME. Any solutions (including private money) will be presented to my client. The above formula is not set in stone, if more money down is required we can discuss..."    View Post

"What State are you in? Your experience with your broker is unfortunate, but that is not to say your current refinance is not salvagable, it may simply be a matter of you working with the right broker. You will want to work with a broker because the chances of you finding a direct lender that will offer you an approval is unlikely. To make this point, I work with approximately 80 different wholeslae lenders.... out of that group perhaps 5 are offering financing solutions for you... it would take an..."    View Post

"You are not committed to worth with either lender at this point in time, all work completed to date should be preliminary and not have cost you anything, although I do not recommend flipflopping lenders. You should choose a lender and work towards closing period... flipflopping will cause unnecessary delays, and complications, compromising terms and frustrating everyone involved including yourself. It is a prescription for misinformation as the two lenders will most likely quote different rates and..."    View Post

"You may be able to refinance even though you owe more than you home is worth. New programs for Fannie and Freddie, allow people upside down to refinance their first mortgage. To qualify for this, your current loan must be serviced by either Fannie Mae or Freddie Mac. Call your lender to find out if the loan is serviced by Fannie or Freddie... if it is you have hope for a refinance. I would not recommend a loan modification unless it is the only option available to you, and the modification locks..."    View Post