John
Loan OfficerForum Replies Created
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John
MemberAugust 3, 2023 at 11:51 pm in reply to: Are there other types of car financing available besides the dealership?Is that with or without a warranty?
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It depends on the size of the RV but it’s possible to add sliders…i did a Google search and there are a few companies that make sliders to retrofit into existing RVs…
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I checked out LOS and we have 12 lenders that say they do Hobby Farms.
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Ok, guidelines for gift of equity on VA loans allow a qualified veteran to use equity in a family member’s home as a gift towards their down payment.
The family member must be a close relative, and the gift of equity can cover the difference between the home’s appraised value and the purchase price.
For purchasing a home from a family member under market value, VA guidelines require that the home’s sale price must not exceed its appraised value.
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no, I think they pay $999 per file and your upline gets $500 of that… or something similar to that…
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John
MemberAugust 3, 2023 at 12:51 pm in reply to: Are there other types of car financing available besides the dealership?One thing we can do that a dealer can’t do is refinance your vehicle after purchase…
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John
MemberAugust 3, 2023 at 12:49 pm in reply to: Are there other types of car financing available besides the dealership?We did this as well… The dealer matched them and we went with them because the credit union wasn’t open on Saturday and we would have to wait until Monday to fund it…
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John
MemberAugust 3, 2023 at 12:46 pm in reply to: Are there other types of car financing available besides the dealership?The reason the rate was better with a warranty was because the finance manager gets a bonus for warranty penetration (the percentage of buyers that buy a warranty)… So he’s willing to give up profit on the rate to get the warranty.