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Mike
azman

Arizona
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Comments
"@ Wayne, what I have noticed, is that the DU findings will say that a full 1004 appraisal is required, but then right below that, it will then say that FNMA accepts the value and no appraisal is due as long as the customer pays the PIW fee, usually about $75.00."    View Comment
"@ Dan, 360 Mortgage is doing unlimited LTV and MI transfer. Freddie Mac, no."    View Comment
"Just got a brutal re-price for the worse +.50% (Sierra Pacific)."    View Comment
"While Walters comments seem a little strident, I can understand his anger at comments that Dan made. They were a very sweeping blanket degrading comment that all brokers don't know what there doing with regard to the GFE and all work out of their homes etc... Kcrute, you don't see that? Get past the tone, he has a valid point."    View Comment
"Scott, do you really think it's the underwriters, or the guidelines they are forced to follow that is the issue?? They could care less what you or I think, they follow the guidelines until if or when they change. geez louise......."    View Comment
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Forum Posts
"i can go with any lender. probably 5-10 years..."    View Post
"to get to the 0% interest, one has to finish 6 years of Phd, 4 years of post-doc and 6 years of assistant professorship struggling everyday. no, 16 years of your life is not worth the interest rate. as of today, I'm quoted at 5.625% with 1 point. should I lock it? It seems that there are lenders who's offering lower rate around, but since I'm closing on 6/30, is there enough time if I switch lenders, starting the whole application process all over again?"    View Post
"thanks troy and clem! I'm going with conventional 30 year fixed. average credit score above 740. single family house, purchase. LTV is 51.6%, I'm financing 702k on a 1.36M property. as I'm in SF bay area, the amount is jumbo comforming? My case is a little bit complicated as I'm putting down 10% cash as downpay, and the rest comes from a 0 interest loan program from my employer. advise please!!"    View Post
"My escrow is scheduled to close 6/30, and my loan officer is telling me that I need to lock in a rate before 6/19. As the rate didn't go up further today, should I lock now? I'm quoted at 6.0% with 0.125 points. should I wait till tomorrow? It's still hard to believe that I'm cnosidering to lock at next to highest level of interest rates in the past two weeks. help please!"    View Post
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