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Profile picture for DannySalem

DannySalem

Lender
Specialties:
Purchase Loan,
Refinancing,
Home Equity,
ZERO Down... UPSIDE Down

Ratings & Reviews

  
 

10/14/2009 - joshknopp
Gave me a quote on Zillow, but it did not work out. Engelwood Park, Azalea Park, FL 32807

Danny was professional and helpful. He certainly took the time to explore all possible options. Unfortunately, I was looking for help on an upside-down loan, and we couldn't find a way to get it done. Only reason for rating of 4 and not 5 is that the quote I received was a bit misleading, or at least i interpreted it differently than how it ended up. In any case, Danny struck me as a legit broker and a good guy, I would work with him again.  More Less 

Profile picture for DannySalem
Response from DannySalem on 10/14/2009

Thank you for the review bud... For those of you out thereâ?¦ I do want the business and therefore will go over and above the description of any LO! Realistically there are 4 options to review when upside down... Streamlining a current FHA or VA loan even a Fannie Mae loan if the Fannie Mae loan was opened with no less than 10% equity and even then Fannie may not work out... 2nd a short pay... Short Pays might be an option for folks that currently hold high risk mortgages such as adjustable rate mortgages and have little exposable cash... 3rdâ?¦ borrower liquidates other assets, begs or borrows cash to pay down the principal balance... 4th an appraiser blows out the value... not something that you will find me talking about.