Jdahleen's Discussions

Wow - very nice. I am impressed. I have been using it all morning but it does take a few minutes to get thru the quoting process because I want to make sure it right for my potiential clients.But it is very easy to use and super fun. I am super pumped up sitting here quoting on deals.I like a few of the features that help me speed thru the quoting process. The prefill fees from Last quote helps me speed thur the quotes faster.But there are so many in my search I can't keep up with the demand. I love the date created and how long the quote has been sitting in the que. Very cool feature.The site is very fast and very easy to understand learn - so I will be using it all the time.Thanks for making my job easier. Joe Dahleenwww.goliveloans.com

The spirit of the system is excellent. I don't know of anywhere else that a consumer can go and get an a mortgage quote without giving all of their contact info. Good or Bad quote - it really is helping the consumer understand what is currently available.  

Drew -  I agree delete this thread. 

I have to agree with GV - that has to be the winner.What was he thinking?

Sound like an old Long Beach Mortgage (ameriquest) loan with the Hard Prepay.Good advice from blquinn - call the Loss Mit group. They will waive that prepay and produce an updated Payoff for you quickly. They may want a copy of the Estimated HUD1 from escrow on this transaction for supporting documentation. Also check out the free service from Hope Now.www.hopenow.com888-995-HOPE This will help put the pressure on WAMU if needed. 

 Today's news cast additional light on the current market. Do buyer really fear they can't buy a home because of the current credit crunch?Do buyers believe that it is impossible to purchase a home in this market? Pending Home Sales at New Low Investor's Business Daily (05/08/08) P. A2 According to the National Association of Realtors, which keeps an index of sales agreements on existing homes, the credit crunch is keeping some would-be buyers from closing on deals. The group's pending sales index slipped 1 percent in March to a new bottom and was off more than 20 percent from the year-ago period. Based on the index reading, actual home resales are likely to decline in April and/or May. I say this is a really good time to buy because now you can get the house you want at a cheaper price and the seller will pay you to buy down your rate and pay for all closing cost.  Buyer should know that you can use the seller paid closing cost to not only buy your rate down to extremely low level but you can also keep more reserves in your bank account because you are not paying for closing cost. The more reserves you have the better the approval you can get as well. Plus what is the first thing a buyer does when they purchase a new home - Home improvement - which cost money.Do you really think it is because of the credit crunch fear? I had a client today that purchased a home and the seller paid 6% closing cost. They used the 2-1 buydown and got a rate at 3.625%.Check with your lender first because some programs only allow so much seller paid closing cost. Example: 95% and up - Max 3%.95% LTV or less 6% max. Good luck buyers - there is hope.

As we continue to analyze and manage our product set, Chase has made the decision to discontinue offering our Subprime and Home Equity products through our Wholesale channel.New Wholesale Subprime and Home Equity registrations will not be accepted after Friday, May 16, 2008.

Ouch 

I purchase a home directly from the builder in Southern CA. Love the home and love the Builders agent. The home I purchase was also a base home with very few upgrades because I really couldn't afford anymore at the time of purchase. The biggest problem with most new homes is that you are required to finish your exterior landscaping within 6 months of purchase.So make sure read the contract regarding this requirement. Otherwise you could face a penalty from the HOA. So things to really think about with a builder purchase. Since builders are ready to deal it might make sense to have purchase the upgrades becuase you might get a great price in today's market. But be careful for with the exterior landscaping requirement. Better yet - have the builder build it into the price. My wife and I over paid for the work we did and it cost us more down the road then it should have cost. If I had to do it over again I would have built the exterior landscaping into the price. Good Luck with the new purchase - in your case there is no need to pay out of pocket for a realtor. But it might be helpful to call around to the local agents and see if they would be willing to take a look at it for you. Realtors provide a great service but I am not so sure this case it would be necessary. 

Actually he could do this with the same type of plan that Fannie Mae Home Saver is doing. Short term loans to get people current on there mortgages and work with them and the lender to offer modification of the current terms. Shaq would have a great investment and the borrower could use the cash to help with leverage over the lenders. Lenders would bend over backwards to help the clients with a really good modification of terms if they could bring the loan current.Cash is King. Way to go Shaq.My company has a servicing company www.acqura.net which is part of Hope Now and we would love to talk with Shaq. Tell him to call me.https://www.efanniemae.com/sf/servicing/homesaveradvance.jsp