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their loss is your gain.......I just refi-ed a couple who had initially contacted B of A. They told me that B of A was quoting them 60-90 days to get the job done and a cost structure that was far less favorable than what we could offer them. Go to the directory here and find a local professional. I'm sure you'll be able to find a much better
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53's interpretation (which makes sense) is that title charges and those which fall under the "Fees You Can Shop For" are not controlled by the RESPA tolerances on the GFE....
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typically, that means that they'll do something like waive the appraisal or offer an interest rate below that to what they are currently offering their retail customers..... not all of them do the same....... but those are two examples of what the company I used to work for did on their REO inventory.
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If you're signed up with Flagstar (we don't use them anymore), last I remember they had a document on their site describing the licensing requirements for each state and in one column of the list, it said whether there were any exemptions. From my recollection, I don't believe that MN has such an exemption.
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Freedom will definitely do it. Last year I took Freedom's 203k seminar --they make you take it before you can submit a 203k to them-- and they made a point of telling us that they will do mixed use on the 203K program.
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they didn't do subprime..... and, to answer your second question, alot of community banks had pipelines with Bean because they were a "go-to"..... better pricing than standard broker pricing for them and access to other products, like reverse mortgages, that they didn't offer through their brokers. As a result of volume incentives
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Well..... Taylor Bean offers the FHA 5/1 with 1/1/5 caps..... I can forward you an image from a recent rate sheet if you like..... perhaps some other lenders have different caps..... they are the only ones I look at for the FHA arms.
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How much will the HVAC work cost? If it is less than 31,500 (the 10% holdback brings you up to the $35K --the 203K Streamline repair maximum), you may be able to do a 203KS. Those are much less involved than a full 203K, and, depending on who you go through, I can think of at least one wholesale lender that does not "up-charge" for the program
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Amen!
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5/3 and FGMC also