Lenders wanted

OR, Single-Family, Refinance, $520K, 688 FICO, 70% LTV
Posted on 7/15/2013 11:59:03 AM

need c/o refi on vacation beach hm prop. for excl borrowers. personal res f/c ($400K) 30yr job history, $450k in Charles schwab investments. near zero debts.
Challange - Mrs. income 100K annually, but just went self employed (computer prog/consultant) 2 months ago, same work 30 yrs, works independently now with company was salaried with for 10 years. Mr. income salaried at $70K for last 10 years.
Problem with Fannie/Freddie is change to self employed to recent.
Sub prop - high end beach hm with current $320k first. need new $525K for (200k c/o)

REPLIES
  • by Steve Kazmarek on 8/22/2013 9:47:15 AM

    This is something that I believe I may help you with. I am with a direct lender with multiple financing options. Also, I have over 30 years experience in the mortgage real estate industry.Currently in a conference, but can talk in about 2 hours. My cell is 443-739-6847 and available to you even late in the evening.

  • by Bayview Mortgage Inc. on 8/9/2013 1:07:29 AM

    They don't need to refi. Just tell them to borrower on the schwab account. There is a company in Rockville MD that will pay you an origination fee to send them the deal. Just google borrow from stock account and sign up thru the broker port.

  • by Guido on 8/2/2013 9:43:59 AM

    Is she a contracted consultant?

    guido077@gmail.com 503-890-8523

  • by Guido on 8/2/2013 9:40:21 AM

    Is she a contracted consultant?

    guido077@gmail.com 503-890-8523

  • by Marty Cain on 7/31/2013 1:59:36 PM

    Hi Ken,
    Hi Tony,

    Thanks for replying to my loan request.
    Borrowers have decided to lower loan amount and go to conf. $416K and use only husbands inc to qualify.

    But thank you for your interest and support.
    Marty Cain
    Advantage Mortgage group

  • by Tony Grech on 7/30/2013 10:29:33 AM

    We can probably get you cash out up to 60 LTV if that helps. Looks like it would be a 5/1 ARM at 6-6.5% if we can do it. Feel free to contact me to discuss in more details.
    tony.grech@wcslending.com
    866-936-5363 ext 278

  • by Ken LeVeille on 7/18/2013 10:15:32 AM

    This loan could be possibly be done as a private money loan. It would have to be done at 8-12% interest, 30/5 with a 5-8% combined fee. If the borrowers are interested contact me by phone at 503 588-9215 to discuss the particulars.

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