If you were an agent, would you spend hours out of your day to help someone who hadn't spoken to a lender yet?
If you are early on in the process, and you haven't spoken to your lender or «loan servicer» yet, now is the time to do it.
If you were an agent, would you spend hours out of your day to help someone who hadn't spoken to a lender yet?
If you are early on in the process, and you haven't spoken to your lender or «loan servicer» yet, now is the time to do it.
Not exact matches
Mark - I
spoke with some guys I know in that industry and they feel that i won't be able
to come up with the proper capitalization without a private
lender.
Generally
speaking, if your business can demonstrate an ability
to make the periodic payments, you haven't declared bankruptcy in the last 12 - 24 months, and are current with your personal debt obligations, you may be able
to qualify for a micro-loan from a non-profit
lender even if you have a less - than - perfect personal credit score.
To find out what your lender offers and whether or not you qualify, you'll have to speak directly with your lende
To find out what your
lender offers and whether or
not you qualify, you'll have
to speak directly with your lende
to speak directly with your
lender.
But because most small businesses don't have much of a business credit history
to speak of, the owner's personal credit is the most reliable insight a
lender can get into how the business will handle its debts.
If you have
spoken with your
lender and they will
not permit a loan modification, they are required
to submit your loan for HAMP loan modification evaluation.
I was
not told by my realtor or
lenders I
spoke prior
to signing the new contract about this issue.
If you have prequalified for an FHA mortgage or been pre-approved (there is no standard definition of either term) and
not yet bought a home you might want
to speak with your
lender once again.
While this quote does
not provide direct guidance on the subject of debt forgiveness, it does
speak to an important point about the terms that many
lenders impose upon borrowers.
Do
not be afraid
to call the
lender and ask
to speak to a representative about the details of their business and / or your auto loan.
Speaking to a
lender is usually necessary at some point and is
not a bad thing.
While generally
speaking, seeking personal loans with bad credit from traditional
lenders, like banks, is
not recommended, there are some advantages
to it.
Would you turn down a qualified buyer for someone who hadn't even
spoken to a
lender yet?
I recently
spoke at a Foreclosure Education Summit and had the opportunity
to speak with a representative from HUD who informed me she wouldn't be surprised if
lenders increased the minimum
to a 680 Fico before years end!
If you are
not happy with your
lender's response, you can
speak to their internal complaints section.
I
spoke with a
lender who does this program (because
not all
lenders do — you have
to work with a participating
lender) and she told me the household income is verified by you supplying the last three years of tax returns.
Your
lender will stipulate if you're able
to finance your closing costs or
not, so be sure
to speak with your
lender well in advance if you want
to pursue this option.
In fact, many of the people I've
spoken to by email are surprised
to learn that the rates advertised on a
lender's website don't apply
to everyone across the board.
Generally
speaking, private
lenders are
not as forgiving as the federal government when it comes
to repayment options.
Generally
speaking,
lenders that want
to create QM - compliant home loans must ensure that «the borrower's total debt -
to - income ratio is
not higher than 43 percent» (source: CFPB fact sheet).
So many graduates are convinced that they aren't eligible
to refinance their student loans — even though they've never researched their options or
spoken with a
lender.
«After
speaking to the buyers at length, I put the sellers,
lender, and title company on notice that there was a good chance this deal wasn't going
to close,» she adds.
(As mentioned above, HML /
Lender on Fix / Flips that can answer questions on various types of loans, criteria you look for, etc. in general,
not specific
to any one deal, Maybe an accountant or tax attorney
to speak on how it relates
to various real estate transactions, Someone on IRAs used for investing in real estate, the limitiations, how it's done, etc., Tax deffered exchanges (@Karen T.), etc..
When you can talk directly
to the other agent, when you can
speak with the other party's
lender, appraiser, inspector, etc., you don't have
to rely on someone else
to communicate for you, you don't have
to rely on someone else
to negotiate for you and you don't have
to wonder if the information you're getting is real, watered down or even incorrect.
The first
lender I
spoke with was qualified
to issue the loan, but didn't have any clients that actually used the loan, therefore they lacked the experience with the process... it was very noticeable when I asked a few basic questions and he would say «I'll have
to get an answer on that and call you back»....
If you are
speaking to a mortgage
lender / loan officer about mortgage rates, and they don't offer you multiple rate options and show you the cost or credit for the different rates available, then you may be
speaking to the wrong person.
You aren't obligated
to use them after the pre-approval is done but after you
speak with this pro you will understand why nearly 100 % of our clients opt
to finance their investment properties with this
Lender.
Other
lenders are
not allowed in the office
to speak.
Speaking of mortgage insurance, many
lenders require you
to have private mortgage insurance (PMI) if you can't put 20 % down on your home.
You can show specific plans, stats, proforma accounting, projections, financial statements, contracts and basically «the deal» but I don't even allow any money folks
to speak of themselves as investors in my deals, they are
lenders, owners, partners, or something else.
After doing my research,
speaking to other investors, an attorney, and a
lender, I decided that it wasn't worth the time, money, or complications for me
to transfer my properties into an LLC.
If the person you
speak with does
not understand what you are asking, you can ask
to be referred
to one of the following departments (different
lenders have different names for these departments):
They never
spoke of «drawbacks» but if you have financed property then the
lender may
not want
to play along with your planning.
Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased home sales and interest rate drops; Louis notes we can't expect the housing market
to be supported by further decreases in rates as they are already near historic lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in
to an interest rate; Ryan advises the importance of keeping in touch with your mortgage
lender; Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up, Ryan and Louis discuss the Fed's decision
to keep interest rates where they are and
to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation is nascent; Louis notes that
not only does the Fed
not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can be achieved through the Fed's current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did
not monetize the debt, Congress could»
nt spend; Louis noted that as Bernanke
spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money; the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can't let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates low or let interest rates rise and cut off the recovery.