Great Community Authority Forums | Dale Elenteny | Activity

Dale Elenteny posted an update: Now that we are past the Holiday's and credit card […]

Thu, 18 Jan 2024 14:11:54 +0000

Now that we are past the Holiday’s and credit card bills are arriving in the mail it is a good time to do a financial wellness check. Does it make sense to carry $40,000 in credit debt and keep your 3% mortgage? Home values remained steady even when interest rates approached eight-percent. Utilizing the the equity in your home to consolidate…

Dale Elenteny posted a new activity comment

Fri, 03 Nov 2023 17:06:58 +0000

Business bank statements reflect the cash flow of the business and depending on the nature of the business along with its overhead ( employees and cost of goods) and expense factor will be used to determine the qualifying income. If a self employed individual is paying themself a salary from the business and is depositing those funds to…

In reply to - Dale Elenteny posted an update

Are you self employed and struggling to qualify for a mortgage because your last two years tax returns do not reflect enough income? A 12 month business bank statement program may […]

Dale Elenteny posted an update: Are you self employed and struggling to qualify for […]

Fri, 03 Nov 2023 16:39:34 +0000

Are you self employed and struggling to qualify for a mortgage because your last two years tax returns do not reflect enough income? A 12 month business bank statement program may be the solution. As an example, if your business generates $20,000 a month in receivables or customer deposits you may be able to use $10,000 as your monthly…

Dale Elenteny posted a new activity comment

Mon, 16 Oct 2023 15:29:57 +0000

Gus,

The divorce was finalized in late January and I believe the court gave the veteran until October to complete refinance. There was no second mortgage. The refinance of the original mortgage along with the debts consolidated were all included in the new first mortgage. The veteran actually saved money on a monthly basis after consolidating the debt.

In reply to - Dale Elenteny posted an update

I recently closed a VA cash out refinance who went through a divorce in the last year. He was awarded the house in the divorce and per the divorce decree was required to […]

Dale Elenteny posted an update: I recently closed a VA cash out refinance who went through […]

Mon, 16 Oct 2023 14:43:33 +0000

I recently closed a VA cash out refinance who went through a divorce in the last year. He was awarded the house in the divorce and per the divorce decree was required to refinance the home in his name. This was not easy to do considering he originally qualified for the home with his income and his former wife’s earning. The VA offered a path…

Dale Elenteny posted a new activity comment

Wed, 27 Sep 2023 16:52:59 +0000

Hello Julio,
That has typically been the case but I may have an outlet in October. We may have access to a ground up construction program for investors with no experience. The scenario you described where the investor owns the lot free and clear may work. Tell your clients to sign up with Experian and pull an Experian only credit report.

In reply to - Dale Elenteny posted an update

I have a question for Tom Tefft in regards to a bank statement purchase. Borrower purchased a piece of land for 235k three years ago and paid cash. His intent is to build a new […]

Dale Elenteny posted an update: I have a question for Tom Tefft in regards to a […]

Wed, 20 Sep 2023 13:30:12 +0000

I have a question for Tom Tefft in regards to a bank statement purchase. Borrower purchased a piece of land for 235k three years ago and paid cash. His intent is to build a new home on that land. He could not obtain the construction financing to build the home due to his lack of experience. He is considering selling the land to his builder…

Dale Elenteny replied to the discussion Are there other types of car financing available besides the dealership? in the forum Auto Financing

Wed, 02 Aug 2023 14:24:48 +0000

Reply to Are there other types of car financing available besides the dealership?

I recommend getting pre-approved for auto financing before you go the dealership. The last car I purchased I was pre-approved with Capital One prior to walking into any dealership.

Dale Elenteny posted an update: Did you know? We offer FHA Down Payment Assistance. Here […]

Wed, 02 Aug 2023 14:21:38 +0000

Did you know? We offer FHA Down Payment Assistance. Here are some key points about the program.

* 600 Minimum Fico score

* Down Payment Assistance (DPA) 2nd can be up to 3.5% of the purchase price

* This program requires an automated underwriting approval (AUS). Manually underwritten loans do not qualify for this program

* DPA 2nd lien interest…

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Wed, 15 Feb 2023 07:11:01 +0000

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Wed, 15 Feb 2023 07:01:55 +0000

Dale Elenteny updated their profile

Fri, 10 Feb 2023 11:32:19 +0000

Dale Elenteny changed their profile picture

Fri, 10 Feb 2023 11:32:13 +0000