[HLS]

Former is correct…
Confirming that the middle score gets used.

In the case of 2 people on a loan, the lowest borrower’s middle score is used to price the loan.
This can be costly.

If someone’s income is not needed for a loan, it is possible to be on the deed without being on the loan. Their credit score & income isn’t used.

If you are on the loan, you must be on the deed.

[HLS]

Former is correct…
Confirming that the middle score gets used.

In the case of 2 people on a loan, the lowest borrower’s middle score is used to price the loan.
This can be costly.

If someone’s income is not needed for a loan, it is possible to be on the deed without being on the loan. Their credit score & income isn’t used.

If you are on the loan, you must be on the deed.

[HLS]

Sandi..

http://www.HomeLoanSheldon.com

email [email protected]

Ray..
Strange question.. what’s the point ?
Far less than 1% of the population own property in more than one state.
For those that do, dealing with one person on multiple loans doesn’t mean that they are going to get any special deal, or that the person knows what they are doing.

Personally, I can overwhelm people with options and explanations, (it doesn’t matter where the property is located) most people only want to know how much their payment is going to be, and some want that free loan, which doesn’t exist, but end up with a higher rate and higher payment for the life of the loan, as we have discussed.

[HLS]

Sandi..

http://www.HomeLoanSheldon.com

email [email protected]

Ray..
Strange question.. what’s the point ?
Far less than 1% of the population own property in more than one state.
For those that do, dealing with one person on multiple loans doesn’t mean that they are going to get any special deal, or that the person knows what they are doing.

Personally, I can overwhelm people with options and explanations, (it doesn’t matter where the property is located) most people only want to know how much their payment is going to be, and some want that free loan, which doesn’t exist, but end up with a higher rate and higher payment for the life of the loan, as we have discussed.

[HLS]

Sandi..

http://www.HomeLoanSheldon.com

email [email protected]

Ray..
Strange question.. what’s the point ?
Far less than 1% of the population own property in more than one state.
For those that do, dealing with one person on multiple loans doesn’t mean that they are going to get any special deal, or that the person knows what they are doing.

Personally, I can overwhelm people with options and explanations, (it doesn’t matter where the property is located) most people only want to know how much their payment is going to be, and some want that free loan, which doesn’t exist, but end up with a higher rate and higher payment for the life of the loan, as we have discussed.

[HLS]

Sandi..

http://www.HomeLoanSheldon.com

email [email protected]

Ray..
Strange question.. what’s the point ?
Far less than 1% of the population own property in more than one state.
For those that do, dealing with one person on multiple loans doesn’t mean that they are going to get any special deal, or that the person knows what they are doing.

Personally, I can overwhelm people with options and explanations, (it doesn’t matter where the property is located) most people only want to know how much their payment is going to be, and some want that free loan, which doesn’t exist, but end up with a higher rate and higher payment for the life of the loan, as we have discussed.

[HLS]

Sandi..

http://www.HomeLoanSheldon.com

email [email protected]

Ray..
Strange question.. what’s the point ?
Far less than 1% of the population own property in more than one state.
For those that do, dealing with one person on multiple loans doesn’t mean that they are going to get any special deal, or that the person knows what they are doing.

Personally, I can overwhelm people with options and explanations, (it doesn’t matter where the property is located) most people only want to know how much their payment is going to be, and some want that free loan, which doesn’t exist, but end up with a higher rate and higher payment for the life of the loan, as we have discussed.

[HLS]

I’ll be happy to email it anyone that knows how to post it,,, I have it as a table..

When I copied it into my post, the table went away and it was just a bunch of numbers that didn’t line up or make any sense..

I’ll look at rapidshare,, I’m not familiar with it.

Thx, HLS

[HLS]

I’ll be happy to email it anyone that knows how to post it,,, I have it as a table..

When I copied it into my post, the table went away and it was just a bunch of numbers that didn’t line up or make any sense..

I’ll look at rapidshare,, I’m not familiar with it.

Thx, HLS

[HLS]

I’ll be happy to email it anyone that knows how to post it,,, I have it as a table..

When I copied it into my post, the table went away and it was just a bunch of numbers that didn’t line up or make any sense..

I’ll look at rapidshare,, I’m not familiar with it.

Thx, HLS

[HLS]

I’ll be happy to email it anyone that knows how to post it,,, I have it as a table..

When I copied it into my post, the table went away and it was just a bunch of numbers that didn’t line up or make any sense..

I’ll look at rapidshare,, I’m not familiar with it.

Thx, HLS

[HLS]

I’ll be happy to email it anyone that knows how to post it,,, I have it as a table..

When I copied it into my post, the table went away and it was just a bunch of numbers that didn’t line up or make any sense..

I’ll look at rapidshare,, I’m not familiar with it.

Thx, HLS

[HLS]

WTB… It’s not a simple answer.

Assuming that your income qualifies for a full doc loan, at the minimum I need to know your mid credit score, current house value and loan amount.
I also need to know if it’s a house or condo/townhouse and if you are only refinancing a 1st, or if you have a 2nd or HELOC.

If it’s just a first, do you want more than $2000 out, or just refi existing balance & costs.

If it’s a condo, the property may not qualify for a loan at all.

I also need to know that you know the difference between a no point loan and a no cost loan, which apparently you do.

Title & escrow closing costs depend on loan amount.

Anyone who answers your question without the info I have requested cannot be trusted! . HLS

[HLS]

WTB… It’s not a simple answer.

Assuming that your income qualifies for a full doc loan, at the minimum I need to know your mid credit score, current house value and loan amount.
I also need to know if it’s a house or condo/townhouse and if you are only refinancing a 1st, or if you have a 2nd or HELOC.

If it’s just a first, do you want more than $2000 out, or just refi existing balance & costs.

If it’s a condo, the property may not qualify for a loan at all.

I also need to know that you know the difference between a no point loan and a no cost loan, which apparently you do.

Title & escrow closing costs depend on loan amount.

Anyone who answers your question without the info I have requested cannot be trusted! . HLS

[HLS]

WTB… It’s not a simple answer.

Assuming that your income qualifies for a full doc loan, at the minimum I need to know your mid credit score, current house value and loan amount.
I also need to know if it’s a house or condo/townhouse and if you are only refinancing a 1st, or if you have a 2nd or HELOC.

If it’s just a first, do you want more than $2000 out, or just refi existing balance & costs.

If it’s a condo, the property may not qualify for a loan at all.

I also need to know that you know the difference between a no point loan and a no cost loan, which apparently you do.

Title & escrow closing costs depend on loan amount.

Anyone who answers your question without the info I have requested cannot be trusted! . HLS

[Author]

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