LENDER common sense !!

[HLS]

I received this from a lender a few days ago…

“Exceptions are possible for borrowers with superior credit, large amounts of verifiable assets, great mortgage history, long employment history, history of home ownership, and low ltv. Anything is possible with a great borrower, just let me know in brief what kind of scenario you have”

What we are in right now is a blip on the radar screen. The 1930’s depression lasted 12 years.
We talk about it today in passing.
Having been there moment by moment, day by day would have been painful, as it is now for those that are affected.

America is not going away. There will be money to lend. It’s all a big pyramid scheme with too many players to stop.

[Anonymous]

HLS,
I’m currently looking for a loan. Would you tell me todays confirmatory loan rate for 30-year fixed and buydown options. Thanks.

[Anonymous]

HLS,
I’m currently looking for a loan. Would you tell me todays confirmatory loan rate for 30-year fixed and buydown options. Thanks.

[Anonymous]

HLS,
I’m currently looking for a loan. Would you tell me todays confirmatory loan rate for 30-year fixed and buydown options. Thanks.

[HLS]

MIRA,
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.

[HLS]

MIRA,
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.

[HLS]

MIRA,
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.

[LA_Renter]

That 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.

[LA_Renter]

That 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.

[LA_Renter]

That 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.

[Anonymous]

HLS,
I sent you an e-mail. Thanks.

[Anonymous]

HLS,
I sent you an e-mail. Thanks.

[Anonymous]

HLS,
I sent you an e-mail. Thanks.

[bub]

So 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.

[bub]

So 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.

[Author]

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