Forum Replies Created
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I was wondering the same thing. What is ADU? There are so many acronyms these days that you cannot assume everyone knows what they are all are. Many people do to not know what LTV, DTI, CLTV, HELOC, HECM, DU, LP, AUS, and other acronyms are or what they stand for.
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Gustan Cho
AdministratorAugust 5, 2023 at 3:40 pm in reply to: Are there other types of car financing available besides the dealership?John, you can still get car financing at 6% rates today. Could not believe how low auto loan rates are.
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Cameron, did Angie email you the Connecticut file with a 120 late with a good letter of explanation. I need to close this asap. Call me if you are available so we can go over this.
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Gustan Cho
AdministratorAugust 5, 2023 at 3:18 pm in reply to: Equipment Financing at LENDING NETWORK LLCYes, from my understanding any equipment financing over $150,000 requires light doc such as bank statements or income tax returns. The higher the loan amount the more the paperwork required which is understandable.
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Cameron, need non-qm Lender with the following: LATE PAYMENTS PAST 12 MONTHS, MANUAL UNDERWRITING, NON-QM LOANS ONE DAY AFTER BANKRUPTCY, NO- doc loans, non-qm Jumbos, 90% LTV NON-QM Jumbo, ITIN, 1099s, nonwarrantable condos, New construction, 203k loans Manuel, W2 income only mortgages, fix and foux, bridge loans
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Check your email Cam the Main Man
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Angie is going to send you a file now
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Thanks you my MAN, CAM.
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Gustan Cho
AdministratorAugust 5, 2023 at 3:36 pm in reply to: Commercial Loan Officer Career OpportunitiesThe economic environment is beyond crazy, and homebuyers and real estate investors need to be careful on the inflation numbers, the high cost of rents, the high cost of housing, and skyrocketing rates. There is no way rates can keep on going up and up. Food prices, costs of homes, and costs of goods and services keeps on escalating week after week. Inflation numbers are far higher than 10%. Inflation is even higher than 30%. Look at the price of a 12-pack of soda from a year ago. It was $2.99 per 12-pack at Walgreens. Today, a 12-pack of canned soda goes for $9.99 or more. That is more than 300%. Brand new pick up trucks and SUVs cost close to $100,000. While costs of goods and services and home prices is shooting through the roof, wages remain constant. $100,000 a year used to be considered high income. Now, $100,000 plus salary do not mean anything. Seems the government is trying to hurt families by letting prices get out of control. Pretty soon, people will not only be available not to afford cars and homes but they will not be able to buy groceries with the prices sprialing out of control. For the FEDS and globalists, it is easy because all they need to do is just print more money. The dollar not being backed by gold, or precious metals is going to be a major problem like never in history. I predict the FEDs shutting down and going back to a new currency backed by Gold and Silver. Too much corruption for the dollar not being backed by anything.
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