Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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When I bought my SUV from the dealership, they got me financed with ALLY CREDIT UNION. The dealership said my rate was 7.75% but if I purchased the auto warranty the rate would be 5.25%. Why is that? My payment was $8 dollars a month less with financing the auto warranty
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Thanks for your reply my man. I appreciate you as well as our whole team. Bottom line is currently has a VA loan on 81 acres. Ww got an approve/eligible with a $1,000,000 cash out at 7%. Borrowers current rate is 3.0% on $713,000 VA loan. Doing a cash our to pay outstanding debts. Perfect credit no late payments in the past 5 years. Of course any loan officer would love to do a million dollar cashout refinance. However, I don’t think it’s ti the best interest to my Borrowers not to explore keeping the first and pricing our a second mortgage to piggyback the first up to a 70% CLYV. W2 Wage earner. Makes all the sense in the world despite there is no common sense in the mortgage business. Talk to Sir Rudy and see if you guys are interested in making this happen. Thanks Cameron LeClair
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Gunner aka Einstein has a triple digit IQ. Smarter than most people I know. Maybe a little bit too smart for his own good. Bruno is next to Dolly the Pit Bull who is scared of the chihuahua Rueger
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So gift of equity on VA loans is basically fir closing costs since VA offers 100% financing. If you get seller concessions you don’t even need the gift of equity.
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What if you sell hay from your property. Is it considered a working farm?
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Gunner, Bruno, MissyMu Jr. Gunner is the crazy man Shitz Szu, Bruno is the Yorkie with the stumpiest legs, and Missy is the white toy poodle turning ten years old this September first. The picture here is y late MissyMu who passed on September 30th, 2013.
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MissyMu
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How does FHA loans work with gift of equity?
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A lot of house for the money. Location is key. Get homes in A or B class neighborhoods and not the ghetto.
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