Profile picture for Rick Plutchak

Rick Plutchak

Lender

Mortgage Banking, NMLS (19 years experience)

Specialties:
Buyer's Agent,
Purchase Loan,
Refinancing,
Mortgage Planning

Advice

  • (15 Contributions,
  • 0 Best Answers,
  • 3 Helpful)

Contributions are sorted newest to oldest.

Do all lenders require Tax Transcripts?

Answer

Not all lenders require tax transcripts depending on the type of loan product. I have an investor that does not require tax information and will also lend to foreign nationals.

  (0)
Do all lenders require Tax Transcripts?

Answer

Not all lenders require tax transcripts depending on the type of loan product. I have an investor that does not require tax information and will also lend to foreign nationals.

  (0)
Problem with profile

I went to add a link in my profile and it deleted everything can this be fixed?

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BANK of TEXAS

Response

BOT - why is he quoting in CA I thought you pulled out?

  (0)
WTF is this "Tight Credit" you speak of?

Response

I some cases you are right about the catchphrase but it is harder to get credit if you have any dings on your credit report or have higher balances.  If you are solid with high credit scores and low balances than you are the gold ring that banks want.

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The Tug 'O War

Response

I think that everyone should have some cash (savings) because nobody knows where this is going. I don’t think that you should look at your primary residence as an investment it is your home and if you plan to stay long term payoff what you can afford.I have spoke to some in the credit card arena and they have been running credit and canceling card holders and cutting credit limits so if you think that you have a safety net with a credit line you should think again.Some of what we are seeing is panic and it is creating a domino effect. Make no mistake about it this global melt down is not just because of the American housing market this goes a lot deeper.

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No more Citi Wholesale?

Response

Got confirmation here in California from our Rep. that Friday is the last day for Citi Wholesale.  

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