Comments on: In the Market for a Refinance Loan?

By: alw

alw — Mon, 03 Aug 2009 14:10:44 +0000

Realtors. Sometimes developers and builders have specific realtors or real estate companies they work with. Often builders have their own real estate division. This has been one of my strategies. Also advertise your services in the target area, ie an informative brochure on current refi or new home purchase, flyers, market at the businesses near those subdivisions you want to target.

Do not forget networking with real estate investors(some maybe even realtors themselves). Use Craigslist advertisement for your city. Contact churches, car dealerships. Check out the signs of new home developments to see who the builder or bank financing the project.

I hope this helps. Just some of the things I do–and it's working..Oh and ask everyone for referrals including other loan officers.

By: Curiousity792

Curiousity792 — Sun, 02 Aug 2009 21:24:24 +0000

no
you dont own a cooperative
you own one share of the corporate stock
NOT the residence that you are living in

By: Jessica B

Jessica B — Sun, 02 Aug 2009 04:16:17 +0000

First, how could they not know what they were doing? Second, what are the terms of the HELOC and why will refinancing again help?

By: bingofox

bingofox — Sat, 01 Aug 2009 15:49:47 +0000

If you're paying them, you get to choose them – so long as you don't choose an appraiser who is somehow a related party to the transaction.

And your friends houses appraising for the exact dollar amount needed to justify the loan as submitted is nothing unusual. Sometimes it's a number "manufactured" to make clients happy – stay away from those appraisers. Sometimes it's an appraiser who could get more value, but sees no reason why they should work harder than they have to, or assume more liability

By: kushman13

kushman13 — Sat, 01 Aug 2009 09:41:49 +0000

Kush,

That is very loving and nice of your parents to offer, but be an adult and do it yourself. Even if you are in California, you can get a 100% loan through Washington Mutual.

Let them enjoy their wealth. They earned it, you didn't.

By: newtobigd78

newtobigd78 — Fri, 31 Jul 2009 16:07:52 +0000

go to the dealer tell them you are with usaa and go online and check the rates they are the lowest around but it will put the fear of god in the finance manager because he will do anything to try and beat it i know this because i m a finance manager 11 years at a dealership

By: smorapcs

smorapcs — Fri, 31 Jul 2009 04:57:37 +0000

Once your house comes off MLS your good. It usually takes 30 days.

By: Ramsey J

Ramsey J — Fri, 31 Jul 2009 04:40:27 +0000

YESS .
do u nderstand the people losing their homes are because of ARM in the 20% loan?
u have snakes and time bombs in ur house with a ARM.
pay the pmi it is safer.