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Evan Masaki's Advice

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  • 39 Contributions
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Evan Masaki wrote:

Lock In Rate?

Answer
The lender could of just 'placed' a rate in the loan papers just to send you your initial documents. The rate you see is not necessarily indicative of the ACTUAL rate you qualify for.You should call the lender and ask for the details before jumping to conclusions. If that is in fact the rate they are planning to offer to you, then by ALL means I would shop it. My rates are significantly lower than what you quoted, BUT rates are not a one-size-fits-all. A lot of factors go into a proper rate quote. Private message me or call me direct if you would like a complete rate quote and are ready to lock in today.
June 13
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I signed an agreement with a broker to rent my apt. 36 hours later I found a tenant on my own.

Answer
I'd say that with a established broker they'd be negotiable, but you still would have to pay a nominal fee..I'm sure in 36 hours the amount of work they did was not tremendous...but at the same time they are in it to make their 10%...maybe offer a smaller flat fee for their time and a good review and/or referral.Evan
November 11 2013
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Will I be approved

Answer
Your school was your job, as long as it is verifiable you should not have a problem as far as employment....your 20% down, if it was not from your own savings (gift from family) will need to be documented as gift and verified.as far as being able to afford the house, it will obviously be based on your current base income...cannot include bonuses or commission since its been less than 1 year.Other than that looks peachy...you are in the same boat as my friend who just became a dentist and does not have a lengthy work history, but is clean and clear otherwise.Let me know if you would like a pre-approval. I can get you one in a matter of hours.Pinnacle is a recognized direct lender among many realtors, so you wont have a issue of realtors questioning the legitimacy of the letter from smaller lenders.Good Luck Evan
November 07 2013
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Can I swap my high end appliances for cheaper ones when I sell my house?

Answer
Why would you even bother?... Used appliances are 50% of value IF you're lucky....That's like walking into a car dealership and signing a lease for a Mercedes and the dealer gives you a KIA when you walk out....Well... its a car and it drives...
November 07 2013
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Conventional Mortgage with less than 2 years employment

Answer
Hi,A few things come into play... I'm assuming you are employed at a company vs you opened your own company 1 year and 2 months ago?If so are you getting W2?791 is your median score or your top score?From the surface I can get you a loan with your current status.Please private message me I'd love to get you pre-approved today.Good Luck,Evan
November 07 2013
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How long does a reverse morgtage take to process?

Answer
Depends on if you have provided all of your paperwork in a timely manner. Dragging out paperwork...(from both end, either borrower or lender) can make a transaction unnecessarily long. Assuming you dropped all the paperwork in my lap today we can get you pre-approved in 24 hours, and everything to the processors and underwriters within 48 hours...generally 20 days is a fair time period, assuming again both sides (lender and borrower) communicate quickly and efficiently. If you do have everything I'd love to put in a competing bid. Good luck
September 17 2013
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is it possible to get approve for a $264,000 mortgage loan with low income?

Response
Do you have any paper history of employment?I'm fairly certain I can find you a lender, I would need more definite details in regards to your credit and such....please private message me your contact info or contact me directlyThanksEvan
July 12 2013
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My credit prior to my divorce was excellent. Why. Won't lenders take that into account?

Answer
What is your credit score and what do you think/know is causing your credit score to drop?PM if you prefer....Generally lenders dont care what was before, just as they cannot assume what will-be...the last 3 to 6 months is where it is most important.If you've had good credit once a last you know what it takes to have it and maintain it...be proud as unfortunately many do not.
July 12 2013
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Getting a VA loan less than 2 years after short sale?

Answer
Have you considered owner financing? And, possibly refinancing after say another year?Keep up the good payments elsewhere and you might end up in a better spot.
July 12 2013
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In what form of payment can I pay for the down payment and closing cost? Can it be cash? or does it

Answer
can be pretty much anything, but lenders will need to know where it came from if it just recently 'popped' into your acctEvan
July 12 2013
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