Some lenders try to get away from ‘grow-op’ properties. Some lenders will consider lending on such property providing the property is strong and has been fully remedied. In addition to the district or city re-issuing an occupancy permit, the credit union requires an inspection report prepared by Pacific Environmental confirming that the house is fit [...]
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Do you have a Citi bank mortgage up for renewal? Contact us and let us help. With the financial crisis in the States, Citi Financial has officially pulled out from subprime lending and cut their broker channel last year 2008 November. If you currently have a Citi Financial mortgage up for renewal, even it is [...]
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New Update: 100% available, rate ranges between 9.0% – 12%, first mortgage only. As long as the applicant has credit score of 640 or higher, with minimum 3 tradelines and 1 with 36 months history, he/she can qualify for the 100% financing or 100% refiannce if he/she can debt service. For thie program, because the [...]
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There are numerous alternative lenders. If you are turned down by a bank, chances are there are alternative lenders for you. Keep in mind, the interest rate sometimes will be slightly higher. but it also helps you purchase the house you want now. Here are a few scenarios and the alternatives matching products: 1. Low [...]
Filed under: Bank Turn Downs | Leave a Comment »
There are numerous alternative lenders. If you are turned down by a bank, chances are there are alternative lenders for you. Keep in mind, the interest rate sometimes will be slightly higher. but it also helps you purchase the house you want now. Here are a few scenarios and the alternatives matching products: 1. Low [...]
Filed under: Bank Turn Downs, Foreclosure, Private Lending | Leave a Comment »
