From $9.95


Statistics

Users
Total: 32,927
Visited Last 30 days: 194
Forum Messages
Total: 20,966
Last 30 days: 5
Forum Evaluations
Total: 24,160
Last 30 days: 0
Journal Entries
Total: 5,401
Last 30 days: 8
Connections
Total: 15,247
Last 30 days: 4
Downloads
Total: 87,233

Journals

Name
getpestcontrol Delhi, AL
43 Visits | 2 Posts | 1 Pix | 0 Videos
NorthShoreBathrooms
19 Visits | 1 Posts | 2 Pix | 0 Videos
Tenants-Right-When-S... Maryland, MD
618 Visits | 5 Posts | 4 Pix | 0 Videos
furnacerepairon St Catharines, AL
41 Visits | 1 Posts | 9 Pix | 0 Videos
furnacemkm Markham, AL
41 Visits | 1 Posts | 7 Pix | 0 Videos
vallejocleaningservi... Vallejo , CA
40 Visits | 1 Posts | 1 Pix | 0 Videos
noithattrieugia tphcm, AL
60 Visits | 1 Posts | 0 Pix | 0 Videos
httpownerbuilderbook...
125 Visits | 1 Posts | 0 Pix | 0 Videos
Packers-and-Movers Delhi, AL
397 Visits | 2 Posts | 1 Pix | 0 Videos
Best-Access-Doors Jackson, AL
176 Visits | 1 Posts | 0 Pix | 0 Videos
Concrete-Contractors...
239 Visits | 2 Posts | 0 Pix | 0 Videos
bird Springfield, MO
170 Visits | 1 Posts | 0 Pix | 0 Videos
Tanglewood Colorado Springs, CO
120,467 Visits | 1,004 Posts | 2,581 Pix | 47 Videos
Drywall-Repair-Lehi
249 Visits | 1 Posts | 0 Pix | 0 Videos
ianpundt
292 Visits | 1 Posts | 0 Pix | 0 Videos
Magic-Of-The-SideSto... San Carlos, CA
626 Visits | 2 Posts | 2 Pix | 0 Videos
httpswwwfaxitfastcom... salt lake city, AL
256 Visits | 1 Posts | 0 Pix | 0 Videos
Owning-My-First-Prop... Grand Rapids, MI
378 Visits | 1 Posts | 0 Pix | 0 Videos
movers-and-packers Hyderabad, AL
370 Visits | 1 Posts | 1 Pix | 0 Videos
Investment-Propertie... Rochester, MN
421 Visits | 1 Posts | 0 Pix | 0 Videos
See all journals...

Current Top-Rated Posters

RatingPosts
Lance in Buena Vista, CO0.002

Your book is great! The book and the people contributing to your website really helped me to get my project off the ground.
Rob in Downers Grove, IL

Try one of our new Construction Bargain Strategies for free. Coupon code: CBS. One strategy could save you $1,000 or $10,000 or maybe $50,000 when you build or remodel.
25,000 pages of free owner-builder resources.  We accept no ads.

Basic Mortgage Knowledge


Filter by date: and/or Keyword



Reply... Subscribe to this topic


Guy's Forum Posts: 64
Interview Answers: 1

Private Message


Randomly Selected Image

Login to Vote

By Guy in San Luis Obispo, CA on 4/24/2007


As part of my effort to owner-build a dream home in Hawaii, I am also learning to become a loan broker in California and the best resource I have found online is mtgprofessor.com by Jack Guttentag, a professor at the University of Pennsylvania.  If knowledge is power, this site will make you a superman/woman.  The word I am hearing is that it is much harder now to qualify for all loan programs without full documentation of income and FICO scores above 720.  This is of course a by-product of all the sleazy sub-prime loans out there that now affect everyone (lenders are extremely skittish creatures).  Don't ever think that because you have a great credit rating that you are not affected by others who can't qualify for conventional financing (thus creating the demand for hybrid creatures in the sub-prime market).  The entire industry gets tainted.  I'll keep posting as I learn more.  It's a fascinating arena.

Reply...


Bryan's Forum Posts: 21
Interview Answers: 137

Private Message


Randomly Selected Image

Login to Vote

By Bryan in San Jose, CA on 6/11/2007


I just closed a lot loan last month. What I found out is very few lenders are willing to do 90% loans any longer and the broker I used only found 2 banks willing to do 95% (which is what I needed). Despite both my wife and I having FICO scores above 800 we couldn't get a very good deal and it was a take it or leave it situation. We had to provide full income documentation and have 6 months reserves.

Reply...


Adam's Forum Posts: 2
Interview Answers: 1

Private Message


Randomly Selected Image

Login to Vote

By Adam in Dublin, CA on 6/11/2007


Hey Brian,

You are right on about lenders that will go to 95% LTV.  Usually local lenders are the best resource for high LTV financing. I work for IndyMac Bank and we offer 90% financing for loan amounts up to $400K, which is pretty aggressive... but again, some local lenders offer higher LTV's.

Be careful regarding prepay penalties on these loans, as I have had many customers complain that they weren't aware that this was on the loan until it was too late. But then again you already have a lot loan... and it sounds like you know all the terms!  Good Luck.


Reply...



Reply... Subscribe to this topic

Copyright 1997-2020 Consensus Group Inc.