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SD Realtor
ParticipantHi Masakayo
To be honest with you this is something that I do not specialize in. Also in the current market climate I would imagine the approval process for a Rehab loan is just as tough as other more standardized products. I assume you are referring to something like the FHA 203k product yeah?
If you have experience doing rehabs then this may not be something to run away from but in a market like this I absolutely would not recommend it. Similarly if you are a first time buyer or have not had experience rehabbing properties I would strongly recommend to pass on the property. More often, people who take a first time foray into rehabilitation, unless they are contractors, get an expensive lesson.
Unfortunately most of the mortgage brokers I refer people to are expert in standard residential loans, jumbo and otherwise.
Sorry I am not to much help here, but I would rather be honest then give you bad advice.
HLS or the other mortgage brokers may be able to help you out with a product like this.
SD Realtor
SD Realtor
ParticipantHi Masakayo
To be honest with you this is something that I do not specialize in. Also in the current market climate I would imagine the approval process for a Rehab loan is just as tough as other more standardized products. I assume you are referring to something like the FHA 203k product yeah?
If you have experience doing rehabs then this may not be something to run away from but in a market like this I absolutely would not recommend it. Similarly if you are a first time buyer or have not had experience rehabbing properties I would strongly recommend to pass on the property. More often, people who take a first time foray into rehabilitation, unless they are contractors, get an expensive lesson.
Unfortunately most of the mortgage brokers I refer people to are expert in standard residential loans, jumbo and otherwise.
Sorry I am not to much help here, but I would rather be honest then give you bad advice.
HLS or the other mortgage brokers may be able to help you out with a product like this.
SD Realtor
SD Realtor
ParticipantWell who needs food and gas anyways? Obviously they should not be included in the numbers.
SD Realtor
SD Realtor
ParticipantWell who needs food and gas anyways? Obviously they should not be included in the numbers.
SD Realtor
SD Realtor
ParticipantWell who needs food and gas anyways? Obviously they should not be included in the numbers.
SD Realtor
SD Realtor
ParticipantWell who needs food and gas anyways? Obviously they should not be included in the numbers.
SD Realtor
SD Realtor
ParticipantWell who needs food and gas anyways? Obviously they should not be included in the numbers.
SD Realtor
SD Realtor
ParticipantI agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.
SD Realtor
SD Realtor
ParticipantI agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.
SD Realtor
SD Realtor
ParticipantI agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.
SD Realtor
SD Realtor
ParticipantI agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.
SD Realtor
SD Realtor
ParticipantI agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.
SD Realtor
SD Realtor
ParticipantI swear listening to chowder is like chewing on tin foil. I hate it but I do it anyways…at least for a few minutes…then I just get so frustrated with the guy I turn him off.
SD Realtor
SD Realtor
ParticipantI swear listening to chowder is like chewing on tin foil. I hate it but I do it anyways…at least for a few minutes…then I just get so frustrated with the guy I turn him off.
SD Realtor
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