Home › Forums › Closed Forums › Buying and Selling RE › LENDER common sense !!
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drunkle.
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August 19, 2007 at 12:46 PM #9940August 19, 2007 at 10:48 PM #78177
Anonymous
GuestHLS,
I’m currently looking for a loan. Would you tell me todays confirmatory loan rate for 30-year fixed and buydown options. Thanks.August 19, 2007 at 10:48 PM #78302GuestHLS,
I’m currently looking for a loan. Would you tell me todays confirmatory loan rate for 30-year fixed and buydown options. Thanks.August 19, 2007 at 10:48 PM #78325GuestHLS,
I’m currently looking for a loan. Would you tell me todays confirmatory loan rate for 30-year fixed and buydown options. Thanks.August 20, 2007 at 7:36 AM #78237HLS
ParticipantMIRA,
Would be happy to…I need answers to about 20 questions before being able to give you an accurate quote. Please send me an email
[email protected] and I’ll direct you to my website and contact you.Best wholesale rate today is 6.25% IF you qualify. (Purchase or Refi, 80%, Fully amortized 30 YR fixed, Full Doc, Mid Score Above 680, this is only a few)
Without ALL the answers, quotes that you get from anybody will not be accurate. The industry is built on misleading people with low teaser rates in ads, that most people don’t really qualify for, and sucking them into a web.
I don’t want to mislead anybody.
August 20, 2007 at 7:36 AM #78385ParticipantMIRA,
Would be happy to…I need answers to about 20 questions before being able to give you an accurate quote. Please send me an email
[email protected] and I’ll direct you to my website and contact you.Best wholesale rate today is 6.25% IF you qualify. (Purchase or Refi, 80%, Fully amortized 30 YR fixed, Full Doc, Mid Score Above 680, this is only a few)
Without ALL the answers, quotes that you get from anybody will not be accurate. The industry is built on misleading people with low teaser rates in ads, that most people don’t really qualify for, and sucking them into a web.
I don’t want to mislead anybody.
August 20, 2007 at 7:36 AM #78362ParticipantMIRA,
Would be happy to…I need answers to about 20 questions before being able to give you an accurate quote. Please send me an email
[email protected] and I’ll direct you to my website and contact you.Best wholesale rate today is 6.25% IF you qualify. (Purchase or Refi, 80%, Fully amortized 30 YR fixed, Full Doc, Mid Score Above 680, this is only a few)
Without ALL the answers, quotes that you get from anybody will not be accurate. The industry is built on misleading people with low teaser rates in ads, that most people don’t really qualify for, and sucking them into a web.
I don’t want to mislead anybody.
August 20, 2007 at 8:28 AM #78261LA_Renter
ParticipantThat letter represents the perfect world for me. It shows how much Demand there is for people that actually have credit. My overall strategy in all of this mess is to wait until the lending standards weed out the weak hands and reward those of us that are financially responsible (didn’t the lending standards of yesteryear provide a barrier of entry for homeownership predicated on a downpayment and one’s ability to pay??). There will be a point where lending standards will be at there tightest which will leave a small pool of legitimate potential buyers choosing from a peak inventory of properties left in the wake of this debacle (they will not be cheap by any stretch but within reason). I just simply refused to compete for properties, that I would have to stretch myself to the maximum reasonable limit, with people of much lesser means. No I am not a snob that is just common sense. IMO right now is not the time to buy, there are still alot of weeds to be pulled. My biggest fear/concern is a major bailout of some sort. I don’t mind the FED taking steps to ensure the whole house of cards doesn’t fall but there is a growing drum beat on Wall Street wanting major action in regards to RE. There is a saying “be careful what you wish for you just might get it”. A major bailout would have ramifications beyond housing. I just hope our new Fed Chairman knows this and doesn’t fall prey to the financial/political pressures mounting with each and every day.
August 20, 2007 at 8:28 AM #78409ParticipantThat letter represents the perfect world for me. It shows how much Demand there is for people that actually have credit. My overall strategy in all of this mess is to wait until the lending standards weed out the weak hands and reward those of us that are financially responsible (didn’t the lending standards of yesteryear provide a barrier of entry for homeownership predicated on a downpayment and one’s ability to pay??). There will be a point where lending standards will be at there tightest which will leave a small pool of legitimate potential buyers choosing from a peak inventory of properties left in the wake of this debacle (they will not be cheap by any stretch but within reason). I just simply refused to compete for properties, that I would have to stretch myself to the maximum reasonable limit, with people of much lesser means. No I am not a snob that is just common sense. IMO right now is not the time to buy, there are still alot of weeds to be pulled. My biggest fear/concern is a major bailout of some sort. I don’t mind the FED taking steps to ensure the whole house of cards doesn’t fall but there is a growing drum beat on Wall Street wanting major action in regards to RE. There is a saying “be careful what you wish for you just might get it”. A major bailout would have ramifications beyond housing. I just hope our new Fed Chairman knows this and doesn’t fall prey to the financial/political pressures mounting with each and every day.
August 20, 2007 at 8:28 AM #78386ParticipantThat letter represents the perfect world for me. It shows how much Demand there is for people that actually have credit. My overall strategy in all of this mess is to wait until the lending standards weed out the weak hands and reward those of us that are financially responsible (didn’t the lending standards of yesteryear provide a barrier of entry for homeownership predicated on a downpayment and one’s ability to pay??). There will be a point where lending standards will be at there tightest which will leave a small pool of legitimate potential buyers choosing from a peak inventory of properties left in the wake of this debacle (they will not be cheap by any stretch but within reason). I just simply refused to compete for properties, that I would have to stretch myself to the maximum reasonable limit, with people of much lesser means. No I am not a snob that is just common sense. IMO right now is not the time to buy, there are still alot of weeds to be pulled. My biggest fear/concern is a major bailout of some sort. I don’t mind the FED taking steps to ensure the whole house of cards doesn’t fall but there is a growing drum beat on Wall Street wanting major action in regards to RE. There is a saying “be careful what you wish for you just might get it”. A major bailout would have ramifications beyond housing. I just hope our new Fed Chairman knows this and doesn’t fall prey to the financial/political pressures mounting with each and every day.
August 20, 2007 at 9:31 AM #78419GuestHLS,
I sent you an e-mail. Thanks.August 20, 2007 at 9:31 AM #78442GuestHLS,
I sent you an e-mail. Thanks.August 20, 2007 at 9:31 AM #78294GuestHLS,
I sent you an e-mail. Thanks.August 20, 2007 at 9:47 AM #78445bub
ParticipantSo let me see if I got this right. A “Loan Officer” is trolling for bidness in a Bearish R.E. forum.
Gee didn’t see that coming.
August 20, 2007 at 9:47 AM #78297ParticipantSo let me see if I got this right. A “Loan Officer” is trolling for bidness in a Bearish R.E. forum.
Gee didn’t see that coming.
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