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Renovation loans surging forward

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Mortgage Professional America | 07 Aug 2014, 08:35 AM Agree 0
With an ever-stricter regulatory environment and the economy improving at a sluggish pace, the mortgage business isn’t getting any easier. One kind of product, however, seems to be gaining steam: the home improvement mortgage
  • Kirk | | 07 Aug 2014, 09:59 AM Agree 0
    It is a great product, however REMN is a train wreck. Make sure you realtors know that at least one extension will be needed. Most likely 3 that was my experience with REMN. They just didn't seem to care at all.
  • Milton | | 07 Aug 2014, 06:22 PM Agree 0
    So in the first few days REMN had 10 million in new rehab mortgages submitted and that represents 10% of their work. That means the math says they have had an additional 90 million in new mortgages submitted in the first couple of days in August. That sounds impressive. What's your average mortgage amount? 250-300K into 100 mil in new business or 333 to 400 new apps in less than a week. Great Job! Please keep it going. As we know the rising tide raises all ships.
  • Jer | | 11 Aug 2014, 05:14 AM Agree 0
    Agree reno mortgage are a good way to close a couple extra mortgages a month, but man do they sure take up a lot of time and resources. They will suck the life out of your team if your not careful.
  • Arthur Aranda | | 05 Nov 2014, 06:36 PM Agree 0
    Check out TD Bank's Construction To Permanent mortgage which, in some cases, may be a better fit for major renovation projects including knock-downs or a gut rehab. Fees & rate are much better than a K and the processing is simplier
  • danielpeterson | | 10 Nov 2014, 02:05 AM Agree 0
    With an ever-stricter regulating atmosphere and the economic system enhancing at a gradual speed, the home mortgage business isn’t getting any simpler. One type of item, however, seems to be getting steam: the redecorating mortgage.Most creditors nowadays are reducing down – it’s smooth or even or even a little bit down in comparison to where they were last season. some <a href=>custom essay writing service</a> are helpful to know more about this type topics and writing doubts
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