Banks

[OregonLO]

I love them! haha..I work with a couple of banks. They seem to have a problem if their client doesn't "Fit the Mold" for them and have to turn them away. I like to be the one they turn them to. In return I usually send my stand alone 2nds and HELOC's since I really don't make much money on them.

this does a couple things for the bank. They can trust who they are sending the client to and still come out looking good since they couldn't get it done but they sent them to a person who could and did a good job. Vice versa, I want to be able to send my clients to someone I can trust and know will get the job done and still make me look good in a way.

[alison b]

hello there - I've been having the most difficult time - even with my an "A" Paper client - I'm looking for a outside second fixed or heloc to close concurrent on a sfr purchase in California - is there any one out there that can do this without having to carry the first TD?? My client has excellent credit and mid FICO of 791 - CLTV is 100%

Please Help - A few of my wholesale lenders will do the first TD at a low rate but cannot help me with the 2nd. TD. Their programs do not exist anymore - and the ones who can do the combo purchase -the rates are much higher on the first at a payment of $600.00 more

[OregonLO]

you got this scenario posted everywhere! haha...good for you for trying to get your clients the best possible deal. I think you'll pull it off.

Good luck!

[subprimealta]

What reason are they giving you for not being able to do the 2nd?

I have a decent array of SA 2nd products - what is the full scenario?

[noher]

hello there - I've been having the most difficult time - even with my an "A" Paper client - I'm looking for a outside second fixed or heloc to close concurrent on a sfr purchase in California - is there any one out there that can do this without having to carry the first TD?? My client has excellent credit and mid FICO of 791 - CLTV is 100%

Please Help - A few of my wholesale lenders will do the first TD at a low rate but cannot help me with the 2nd. TD. Their programs do not exist anymore - and the ones who can do the combo purchase -the rates are much higher on the first at a payment of $600.00 more

Hi there! Currently, my office is doing our 100% CLTV purchcases and refis through the following Wholesale Lenders.

D&R, SBMC, Hightech Lending, and OMG Mortage. They are full doc, mostly or you can go stated verified but the DTI is very flexable up to 65% on some of them so give them a call!

They did it for us so I'm sure, you'll get a loan with them with that FICO and if your borrower has the supporting documents.