Loan, Mortgage Assistance

Need residential mortgage in Mexico

admin — Mon, 28 Feb 2011 15:33:28 +0000

Can someone tell me what mortgage company I can go to get a mortgage on a home. I am buying to live in as my prime residence in Mexico ? My friend has good credit and good income. Sale price of house is $2,100,000 with 20% down. Need to know ASAP.

refi on a 2nd home, singlewide, circa ’76

admin — Mon, 13 Dec 2010 05:58:37 +0000

Hello and thank you in advance for any leads on this one… If there is any such ‘program’, I need to locate a lender who can do a refinance on a 2nd home, single wide, circa ’76 (or earlier), on a lake in North Georgia. Require stated income or lite doc. Middle scores for husband and wife 617/649, she is retired. Any help is appreciated.

No seasoning on NOO

admin — Fri, 19 Nov 2010 13:57:06 +0000

I need help with a customer who screwed up a perfectly easy purchase transaction. 790 score in Louisiana. Had customer all set up to do a conforming NOO purchase (all he was suppossed to do is locate the property) when he decided to go ahead a purchase the property with a line of credit and then come to me for a refinance to take out his loc and cover some repairs! Unfortunately by doing so he created a seasoning problem (among others!). Does anyone know of an investor with no seasoning on a NOO refi (he has owned the property now all of 3 weeks)!

Commercial Mortgage Assistance

admin — Wed, 10 Nov 2010 05:56:57 +0000

I have a client with sub-standard credit (FICO below 500) that owns a commercial building currently being utilized as a furniture restoration warehouse. Square footage is 2,000 and sits on 5.9 acres zoned both residential and commercial. The area is in a major growth transition in Charlotte, NC. The owner is currently in negotions with area developers as the acreage is in HIGH demand. Current estimated value is $600,000 and loan amount requested is $300,000. Borrower is seeking a short term note 2/20 or 2/30. Payoff is approximately 200,000 and remaining cash is for property improvements. This is obviously a hard money loan and I am seeking a lender that can move and close quickly with no up front fees. Anyone with suggestions, please provide lenders contact ccordinates and a web address if applicable.