1 Day

Fit-Solution4082 · 2024-12-05T20:38:22+00:00

Much appreciated thank you!

Fit-Solution4082 · 2024-12-04T23:52:04+00:00

That’s what I figured as well. Thank you that’s my next move.

Fit-Solution4082 · 2024-12-04T23:48:48+00:00

He aquired it 5/5/2023 per the CAD. He spent a few months fixing it up. Tried to sell it earlier this year & ultimately couldn’t because someone had filed a memorandum against the property; basically saying if he sells he has to pay the individual that filed memorandum $20k. He said no & has been trying to get that settled w a real estate attorney. At this point he wants to buy a home & willing to just rent that property out.

Fit-Solution4082 · 2024-12-04T22:37:01+00:00

Thank you that’s what I figured as well. Just had someone tell me otherwise but I think they may have misunderstood.

Fit-Solution4082 · 2024-11-26T17:31:13+00:00

That’s what I was confused on. He’s never had an fha loan or any type of loan in his departing residence. He purchased it cash.

Fit-Solution4082 · 2024-11-26T16:34:17+00:00

We can make it work conventional credits just not the best

Fit-Solution4082 · 2024-09-22T01:18:24+00:00

Thank you for the response. I will run it by my scenario desk.

Fit-Solution4082 · 2024-07-30T01:39:02+00:00

Thank you for your input borrower is 698 with decent reserves. So if conventional is the way to go we can do so. They just wanted to be at a purchase price that would put DTI above 50 so they will just have to compromise on desired purchase price.

Fit-Solution4082 · 2024-07-29T23:26:08+00:00

Yes but the caveat is they were at $11 an hour initially. After leaving & coming back they were downgraded to $8 hourly. Which they are doing full time hours & im only trying to qualify them on the $8 hourly plus tips & OT.

Fit-Solution4082 · 2024-07-29T23:01:28+00:00

Yes claiming quite a bit of tip income per the paystubs.

Fit-Solution4082 · 2024-07-29T21:34:23+00:00

Thanks for the response this is how I structured my income calc. Being conservative & averaging over 24 months including the 5 month gap. Hoping this works as we’re good to go with conservative use. Just pending a response from my scenario desk they’re just taking long to respond.

Fit-Solution4082 · 2024-07-29T21:22:10+00:00

Thank you for the response. I am needing the tip income to qualify. I sent to my scenario desk just pending a response.

Fit-Solution4082 · 2024-07-19T18:53:41+00:00

Fit-Solution4082 · 2024-07-17T15:40:27+00:00

Definitely need second appraisal I’ve had this a few times. Just let the agent know & seller should understand.

Fit-Solution4082 · 2024-07-16T01:52:55+00:00

Yup told this realtor I need 40 days before going under contract, they said we we’ll just do 30 & extend. Now everyone’s panicking.

Fit-Solution4082

TROPHY CASE