Dave Mason's Discussions

You might have a problem with the sourcing of the funds. Typically you are going to need 60 days. Gifted funds can be tricky, depends on the type of loan program you are getting. A community lending product wont have an issue with the gifted funds. Other types of loans definately would. If you have any other questions please let me know.

I developed my own algorithm that will cut your mortgage in half. It's free. If you want more information please let me know.

Depends on what you are doing with the cash. If that is what you need I would do it. I would need more info to make a better assessment.

Call state banking in your state. You should be able to cut through it quickly.

The market had anticipated the drop prior to the feds decision to lower 50bps.

I like the Fannie Mae My Community loans. You can get the seller to pay all the closing costs. You wouldn't need the 3% and just go with the 100% financing. You wouldn't get in the property and be upside down. Let me know if you would like any info. I do a ton of these.

The rules have changed recently. You wont be able to get over 90% anymore. The day of the 100% combos are over for now.

You may want to look at a non occupant co borrower loan with Interfirst.

Yep....

Actually it is just a function of what the lending rules allow.