Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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Yvonne, Laurie told me you had German Shepherd puppies. I love German shepherds. I want a German bloodline large boned German Shepherd. Can you post some pics. I can probably get you potential homes for your babies. Also, pics of the parents.
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If the economy does not change fast, many people cannot afford groceries. Everything is double or triple the price. The 10% inflation rate is nothing but BS. We need to get politicians in Office who have half a brain and know the economy. Unfortunately, it is a very scary time to play politics when lives are at stake. I feel bad for the new generation. New generation kids graduate college and walk into a majorly screwed up economy and not being able to afford a home. This is so not cool.
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From what I am hearing, half the loan officers are not going to renew their 2024 NMLS licenses. What this means is once the market turns around, the loan officers who stuck it through will hit a jackpot.
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We have the capacity to handle billions of dollars as hard money lenders. What we need is to let the public know how our Hard Money Loan Programs are different from the competition
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Alex, Eric, this is getting scary where the hearsay so-called conspiracy theory the Globalists and Democrats were trying to end the world. I never paid attention to liberals and globalists eating humans, people like Nancy Pelosi, Joe Biden, Hilary Clinton, and other elites killing babies so they can take adrenochrome which is when you kill a baby, and if the baby is fearful, the chemicals in their blood have a powerful effect on adrenochrome which is the fountain of youth. I never really paid attention to the Rothschilds, George Soros, Biden, Obama, and the biggest and most rotten Bill Gates, trying to depopulate humans on Earth for population control. Never paid attention to the globalists, Dr. Anthony Fauci, Bill Gates, Barack Obama, Michael Robinson Obama, Hilary Clinton, the Rothchilds, George Soros, and Kamala Harris being part of creating Coronavirus so a vaccine can be created to kill people, thereby depopulating the world. I now believe the coronavirus vaccine was created and promoted to kill people and use it to depopulate the world. My best friend Tony, a dentist I have known since I was eight years old, was in excellent health, worked out regularly, did not smoke or drink, and was without a history of any health issues. No diabetes, no high blood pressure, no high cholesterol, and in phenomenal shape. Due to being a dentist in Illinois, he had to take the coronavirus vaccine. After he took the vaccine, several months later, he died in his sleep He died of a blood clot in his brain. I know a dozen others who died after taking the coronavirus vaccine for no reason. They were all under 40 years old and in good health with no history of any medical illness. With all the crazy shit with the economy, inflation, skyrocketing rates, and out-of-control home prices, it is beginning to seem like the government is trying to destroy America. You can tell that inflation is not 10%. It is more like 200% percent and higher. Food prices and other costs are skyrocketing, and wags are not going up. Making six figures used to mean something. Right now, a six figure income is nothing.
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Hard Money Ventures Call 801 318 8310 Text 310 713 7194 NO DOC, NO DSCR, NO DTI FIX AND FLIP
PROPERTY TYPES: Residential (1-4 Units) LOAN AMOUNT $100,000 – $6,000,000 â– 80% of Purchase and
MAXIMUM LOAN TO COST
MAXIMUM LOAN TO AFTER REPAIR
SOMETIMES 85% â– 100% of Rehab Costs
VALUE 70%
TERM LENGTH 12 months, up to 18 at lender discretion
RECOURSE Full Recourse NO DOC, NO DSCR, NO DTI GROUND UP
PROPERTY TYPES: Residential (1-4 Units)
LOAN AMOUNT $150,000 – $6,000,000
â– Up to 75% of the lower of land value or purchase
MAXIMUM LOAN TO COST
MAXIMUM LOAN TO
price/60% if unpermitted, plus 100% of construction â– Max 80% of total project costs
â– EXPECT TO PAY 20% TO 25% OF ALL COST
APPRAISAL 70%
TERM LENGTH 12 months
RECOURSE Full Recourse
BORROWER MUST SHOW THEY’VE BEEN ON TITLE TO NO LESS THAN 2 PROPERTIES WITHIN 4 YEARS THAT SOLD OR OTHER PROOF SHOWING SPEC HOMES BUILT AND SOLD.
THE TYPICAL PRICE IS 2 POINTS AND 14% INTEREST
HARD MONEY PRODUCTS ARE 16% ANNUALLY SO ADD YOUR POINTS ON TOP.
BORROWERS CAN HAVE 7 LOANS ALL AT ONCE, WITH A TOTAL LOAN AMOUNT UNDER $6,000,000
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John, is there a link for a webinar on commercial lending on loan officer support. Start posting one commercial lending topic a day on the forum so our loan officers can start getting familiar with the commercial lending business model we have and how it works. I know how to do apartment buildings and complexes but Lending Network has so many different types of business and commercial lending options available that it will take time to digest. If you run into links on business, consumer, and commercial lending, please post it here. It will be greatly appreciated.
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30% of loan officers and mortgage companies did not renew their 2023 NMLS mortgage licenses.
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We have hard money loans up to 70% LTV in most states. It is 75% in Utah, Nevada, and Idaho. Right now, the most popular hard money loan program is hard money loans for spec homes, fix and flip, and short term investment property loans. For example, spec home or fix and flip one to four unit builder loans is the hard money lender will financing up to 75% of the purchase price of the land and 100% of the construction as long as the after improved loan to value appraises at 75% LTV once finished. No credit score required, no debt-to–income ratio requirements, and no income docs required. As long as you have a recent history of having two properties on title and a history of being a spec builder or real estate developer, you can close fast and there is no stress.
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