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I am trying to find a HARP 2 0 lender in California Has anyone found one they'd like to recommend?

  • June 06 2012 - Long Beach
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Answers (8)

User, I would be happy to give you another estimate to compare, this sound like a very straightforward HARP loan and we should have several good options to look at. Feel free to contact through my profile.
  • June 06 2012
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Backed by Fannie no insurance
  • June 06 2012
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Justin Sheftell who is a regular contributor on these threads is well versed on these loans.  Look him up on the directory and you will not be disappointed.  Unless this is an investment property, those terms are very high.
  • June 06 2012
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Profile picture for Brian GFL Capital
i tried emailing you but i dont know if you received it.

it seems excessive that they are charging you points for a 4.25%. i would need to look into it further but it does seem like a high rate especially if they are charging points to get that rate.
  • June 06 2012
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Is your loan a Fannie Mae or Freddie Mac?  Are you paying Mortgage Insurance on your loan?
  • June 06 2012
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I have received one GFE from Quicken.  My outstanding loan is $309K.  The pre-appraisal estimate they are using re: my home's value is $270K.  My credit scores were in the low to mid 700s.  They quoted me a 4.25% rate on a 30 year fixed.  Origination fees (defined as the charge of getting my loan) are $$1124.  Points = $3874.69  Estimated Settlement Services Fees $1969.24.  Is this good, bad, somewhere in between?  I am clueless about this stuff so would appreciate any help.  That is why I asked for a recommendation on a "second opinion."  Thanks
  • June 06 2012
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Around 114%

  • June 06 2012
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Profile picture for Brian GFL Capital
it depends on your scenario.

most lenders have layered guidelines regarding what they will and will not accept for the HARP 2.0. the major difference is the allowable LTV that each lender is willing to accept.

what is your current scenario?
  • June 06 2012
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