Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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When we spoke a while back you said you can do a VA manual underwrite with as little as 6 months free of derogatory credit. Is that still the case? If so, Gus has a few files that may be a good fit. Can you two please connect?
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How about 2 to 4 units. Does second mortgage on piggyback lower than 90% LTV, Cameron? Can he get a seller second?
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Good morning Cameron. Tim has a client buying a 4 unit buying a 4 unit multi family owner occupied home in Los Angeles for $3 million. Maximum FHA loan limits in Los Angeles County is $2.1 million. Can he get a second 95% CLTV for a high balance FHA loan? Do you have any idea Cameron LeClair the man.
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In a recession, the best industry that is not affected as much are the health care, food industry, bankruptcy attorneys, public transportation, automotive repair, and affordable housing.
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Totally agree. No matter how much a credit expert wants to help someone it will never be a success unless the client is committed and cooperates 110%
Otherwise it is a waste of time, and defeats the purpose. It is definitely doable but doesn’t happen overnight. Extremely time consuming and requires a lot of patience from both parties. However, if you work hard with a mission for success, the results are beyond rewarding and a life changer.
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Kingsley, here’s my 2000 Tiffin Zephyr. Has 50,000 miles. Has a slide, kitchen. Bedroom, sleeps 8. Diesel Cummings. I purchased this motor home in 2010 and barely used it for 1,000 miles. I was planning on doing a complete renovation by adding 3 additional slides and complete new interior with new electrical equipment and hardwood floors and new cabinets and bathroom. Brand new Class A motor homes runs over $1 million the way I want it finsihed. My buddy Greg Stadlin works for Collier Motor home and his client has a 2007 37 ft motor home that did a complete renovation and added three slides
Interior and exterior renovation with three brand new slides and premium electronics and accessories at a cost of $150,000. Television, stereo, front, side, and back camera systems, satellite, New cabinets. Granite counters and much more.
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This is great news, Max. Is there self-sufficiency test like FHA loans for two to four unit multi family housing?
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Cool. Felix Nicolas has a deal for you then. How long is the seasoning requirement for the down payment on gift funds for the down payment?
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Andy, I will respond to your question. credit scores down to 680 FICO, you can get unsecured business cards but lower amount with full doc. However, I have seen someone get consumer credit scores up 87 points in 24 hours. What type of business are you in?
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This reply was modified 1 year, 2 months ago by
Sapna Sharma.
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This reply was modified 1 year, 1 month ago by Sapna Sharma.
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This reply was modified 1 year, 2 months ago by
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