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Rob Cochems's Advice

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  • 3483 Contributions
  • 18 Best Answers
  • 609 Helpful

Rob Cochems wrote:

So tell me about loan Audits?

Answer
It is fantastic.Just for the luxury of receiving an audit from Washington state, you get the great honor of paying for their airfare to come and catch up on old times.
May 01 2009
(1)

How does one get refinancing on a condo in the State of DE?

Answer
Or, imagine, being able to be magically whisked away to... Delaware.Hi. I'm in Delaware
May 01 2009
(0)
Anyone know of a good investigative reporter?
So my final deal here and the bank will not subordinate to a guy on a rate term refi, where the borrower is saving over $500.  They want them to pay off the line, which if done through the loan, kills the deal.  And he does not have 75k stashed away in his mattress.Might as well get some reporter on this, should get them headlines.
May 01 2009
(0)

I had a great experience with Dimitri Angelakopoulos, how do i review him ?

Answer
If you need a friend, get a dog.
May 01 2009
(0)

There is hope!

Response
Geoff I cannot believe you admitted this to everyone, balls bro balls!
May 01 2009
(0)

FHA REFI CASH OUT AS OF 04/01/09 ONLY 85% LTV IS THIS TRUE?

Answer
Still waiting for my twelver...
April 30 2009
(0)

Don't get stuck with the mortgage!

Response
Did you hear Obama's speech today?He announced: "I have good news and bad news. The good news is, we have enough money to pay for our new stimulus program. The bad news is, it's still out there in your pockets."
April 30 2009
(3)
Don't get stuck with the mortgage!
An 8 year old boy asks his daddy for a bike. Dad says "I can't afford a new bike right now, I got an $80,000 mortgage". The son sulked off disappointed. The following day when mom and dad returned home from work the son was on the front porch with his suitcase packed and said "I'm out of here!" . The father asked "What do you mean your out of here?" The son replied,"Yeah, I heard you two last night. Dad said he was pulling out, Mom said she was coming too. And I'll be damned if I gonna get stuck here with no bike and an $80,000 mortgage!"
April 30 2009
(5)

What is the difference between Interest rate and APR on refinance loan?

Answer
The interest rate, is the actual rate of interest you will be paying on the money borrowed.  The APR is designed to reflect the total costs of borrowing.  The APR takes into affect your rate and certain costs associated with the loan, i.e. origination fees, processing fees so forth.In comparing loan quotes I would be more concerned with comparing the interest rate and total closing costs with each lender.
April 29 2009
(1)