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Search found 6 matches
Author Message
Topic: buy and bail
chetdog

Replies: 1
Views: 9146

PostForum: FHA Forum   Posted: Tue May 19, 2009 5:07 pm   Subject: buy and bail
I know if a borrower is going to purchase a new home and convert their current home to a rental FHA will not allow the rental income to be used unless they have 25% equiity.

I am trying to refi a p ...
Topic: Bonuses - AIG- Why?
chetdog

Replies: 50
Views: 14820

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Apr 02, 2009 5:44 pm   Subject: Re: Bonuses - AIG- Why?
Why be mad at the AIG employees who received bonuses? Most of these employees earned their bonuses and should be able to keep them. Didn’t they have contracts with AIG? Most of these people did n ...
Topic: SOME FHA LENDERS WILL DO SUB-500 SCORE TO HIGHER LTV's??????
chetdog

Replies: 40
Views: 10936

PostForum: Mortgage Lender Implode-O-Meter   Posted: Tue Jan 29, 2008 5:57 pm   Subject: Re: SOME FHA LENDERS WILL DO SUB-500 SCORE TO HIGHER LTV's??????
It could make sense b/c chances are you are taking the borrower out of a sub-prime 2/28 or 3/27 mtg and giving them a 30 yr fixed rate AND lowering their rate by at least 2 to 3 pts. Thus you are hop ...
Topic: SOME FHA LENDERS WILL DO SUB-500 SCORE TO HIGHER LTV's??????
chetdog

Replies: 40
Views: 10936

PostForum: Mortgage Lender Implode-O-Meter   Posted: Tue Jan 29, 2008 5:35 pm   Subject: Re: SOME FHA LENDERS WILL DO SUB-500 SCORE TO HIGHER LTV's??????
Flagstar Bank..... I just priced out a 95% c/o w/ 400cs 30 yr fixed FHA deal....... 5.875% pays just about 1pt...... There may be others that would do it but I have had good luck with Flagstar's FHA p ...
Topic: 4 NY what construction lender is better than Indymac???
chetdog

Replies: 11
Views: 3535

PostForum: Mortgage Lender Implode-O-Meter   Posted: Mon Jan 14, 2008 4:13 pm   Subject: Re: 4 NY what construction lender is better than Indymac???
try M&T ...They did my construction loan..... They also will go off of the appraised value not the cost to build + value of the land....... So your cust may not have to put any money down de ...
Topic: FHA Secure - Bush Administration Lip Service ?
chetdog

Replies: 10
Views: 3604

PostForum: Mortgage Lender Implode-O-Meter   Posted: Mon Dec 03, 2007 4:37 pm   Subject: fha secure
Flagstar Bank has FHA Secure
 

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