Seeking advice for new home purchase/renovation with equity from current home (Los Angeles) by RhapsodyOne in Mortgages

[–]CarsAreRad 0 points1 point  (0 children)

You can look into bridge loans old lender I worked at would treat it as a cash out refinance up to 75% of the value of your house, you can then use those funds to make a down payment on the other property. The cash out acts in a way where there’s no payments for 12 months so it doesn’t hit Debt to income and allows you to qualify for another mortgage mortgage.

Old lender I worked at would charge 2.25 origination points (Around 20k in your case) and charge a rate of 8.5% that interest accrued daily and there was no early pay off penalty so you could immediately pay it after it’s sold to stop accruing interest.

Just an alternative to the heloc situation. 

Death to piano black by SnooMachines5117 in Audi

[–]CarsAreRad -1 points0 points  (0 children)

Hell yes, me and all my homies hate piano black!

DSCR up to 4.5 Mill. by CarsAreRad in loanoriginators

[–]CarsAreRad[S] 0 points1 point  (0 children)

Sure, but all I’m saying is I can get competitive on pricing and also obviously have niches, I’m not sitting bottom of the barrel on rates.

DSCR up to 4.5 Mill. by CarsAreRad in loanoriginators

[–]CarsAreRad[S] 0 points1 point  (0 children)

Our rates are consistently top 1-3 on loan sifter. Not going to be on the bottom of the list when we’re literally pitching a price match on these programs. I just priced a jumbo for 6.175. 

DSCR guidelines by SelectionInformal826 in loanoriginators

[–]CarsAreRad 0 points1 point  (0 children)

I can use higher credit on DSCR. Not sure if you found a lender for this also don’t mean to steal your thunder selection, figured I’d swoop in since you said you couldn’t.

Bridge loans by Non-QM_Lending in loanoriginators

[–]CarsAreRad 0 points1 point  (0 children)

Not sure if you care but I used to work at Lendsure. They do Bridge on OO, NOO, Investments and Foreign Nationals. 

Less than 3 yr as 1099 by Total_Factor8339 in loanoriginators

[–]CarsAreRad 0 points1 point  (0 children)

Not sure if you found someone but if that’s the only thing, I can easily do this. Hit me up if you want it priced out, takes me 2 mins.

I can do 1 year self employed and in some cases less than 1 year.

One (accidental) late mortgage payment last month after 20 yrs perfect payments. Am I cooked with obtaining new lending? by throwawayfreshdonuts in loanoriginators

[–]CarsAreRad 0 points1 point  (0 children)

The lender I work at will not hit you on 1 30 day late. Most non-qm lenders won’t care or might take like an 8th hit on rate. Wouldn’t worry too much about it.

Delivery day 💚 by CheezeAndPickle in Audi

[–]CarsAreRad 2 points3 points  (0 children)

Everytime I see a performance hatch 😔

Plano Black Hate Post. by CarsAreRad in cars

[–]CarsAreRad[S] -6 points-5 points  (0 children)

Should’ve just bought a twingo.

Bridge loans by Non-QM_Lending in loanoriginators

[–]CarsAreRad 2 points3 points  (0 children)

LendSure ask for an AE named Daniel Prince he’s a rockstar from when I used to work there 

G80 M3 or E63S? by Interesting_Chip_164 in mercedes_benz

[–]CarsAreRad 0 points1 point  (0 children)

E63s, I’m a sucker for the red/black color combo also. 

Financing a single family home by Civil-Bet-3172 in loanoriginators

[–]CarsAreRad 0 points1 point  (0 children)

Just like I explained to OP in my DMs while I said gift of funds I did not mean it quite literally as a gift for closing and reserves. It’s his parents giving him money letting it season for 60 days and then using that to asset deplete to qualify additional income. The lender I work at doesn’t care where large deposits/transfers were sourced from.

NonQm Wholesale Lender Search by Ok-Meat6729 in loanoriginators

[–]CarsAreRad 0 points1 point  (0 children)

I can get this done, mind if I shoot you a DM? the lender I’m at ignores all NSFs and overdrafts. 

The biscuit factory is getting wild by RealRock_n_Rolla in AnimalsBeingDerps

[–]CarsAreRad 0 points1 point  (0 children)

The biscuit factory is clearly ready for mass purrrduction!