Search:
Most Recently Answered: | 1. | Q. Hi Seth,
I have a client with a Freddie Mac loan that wants to refinance. They have 6 financed properties right now and all of my lenders will not allow a refinance unless they have 4 or less financed properties.
Do you know of any lender that allows for the Freddie Mac Relief Open Access and does not limit the amount of currently financed properties?
Thanks.
| | 2. | Q. I received this email (see below) and I would like to have your advice on how to respond to it. This is an agent that lives near me, and we met during our children's soccer game (our kids were on the same team) I've worked with her in the past, and at this point I'm probably getting at least half of her referrals, and I've referred her 2 closed deals and a few that never worked out. I also lost a deal with her that went to the builder for their shell game financing. (well that's what I like to call it) I just want to respond in a good professional, positive way that will also help me convince her to fight for me!
I just wanted to let you know we finally got the inspection items wrapped up yesterday with the Steiner’s buyers. Now we just have to find them a home. The only bad thing is they are thinking about building with DR Horton and as you know the builder’s are offering killer financing incentives right now. We are hopefully meeting with the builder’s rep on Saturday so I should know more after this weekend. Please call or email me on Monday so I can update you. I hope they can still go with you but it’s not looking good. I’m sorry- I will be very bummed for you!
| | 3. | Q. I need a lender for a 1.5 - 1.6 million Jumbo. LTV at 65 to 75% and for a second home. This is 30 days off the MLS. ING will do it at 90 days but borrower can't wait that long. Please Advise, Thank you
| | 4. | Q. I have a client who left his job 3 months ago to start his own company. He is in the same industry. Is there any bank that will lend to a borrower who has been self employed for less than 6 months?
Thanks,
Will
| | 5. | Q. Hey Brian,
I needed some help on maybe a script or some few pointers to use to start collecting appraisal fees upfront from my clients. I’ve been burned a couple times and had to cover the cost out of my pocket. Maybe I’m just too nice sometimes. Some are harder, especially people looking to refinance with no money out of their pocket. Or, a Realtor’s like, “why does my client have to give you $400 dollars for if the sellers paying all the closing costs?” You never know with HVCC or AMC's. Some, especially FTHB, give you a look like, “oh great this guy is taking my money.” It’s hard to sell them to use you when you say hey you’re responsible for the APPRAISAL if the deal falls through. I have no problem rolling the fee in a refinance and tearing the check after it closes. I’m just trying to cover my tail and I’m trying hard to better my sales skills during the PQ process. Any help would be greatly appreciated! Thanks friend.
|
Browse All (8,949):
|
 | The HEADLINES are DIRE and the BANKS are still WARY, now is the OPPORTUNITY you've been waiting for! BROKERS are IN DEMAND and the only players aggressively snatching up MARKET SHARE in the COMMERCIAL arena. Sign up as a NETBRANCH today and kickoff your Commercial CAREER with an UNBELIEVABLE conference CALL this THURSDAY covering EVERYTHING you need to know on SBA! If you WAIT, you will REGRET it!! Sign up by calling Emily Fine at 866.355.1244x2224 today!!! |
|  |
|
 | How can we improve this website feature? Please take a minute to let us know how we can improve this section of our website. We appreciate your suggestions, and will make every effort to turn your wishes into reality. |
|  |
|
|
