|
| |
mortgage: Jewelry, toys, and cars are not liquid assets! - 03/19/08 05:54 PM
Have you ever heard this from a client?
"Well my 2007 Camry is paid off and that's worth about $15,000" or "I have a dune-buggy that I paid cash for last year, can't you state that on the application?"
With guidelines tightening up in recent months, and lenders requiring more assets than ever, I find myself trading these kinds of stories with my co-workers quite often. We laugh about it of course, and then gently tell our clients that they need to sell their toys in order to count.
As funny as we find this, there is an underlying problem here … (0 comments)
|
mortgage: Zero Down Construction Loan Information - 11/06/07 05:48 PM
ZERO DOWN! Custom Home Construction Loan & Financing
Community First Financial is excited to offer our no money down* construction loan program. This program is designed for primary and 2nd home buyers who want to put limited funds into their custom home project. This program also allows the borrower to use the FUTURE APPRAISED VALUE of the construction loan.
Construction Loan Features:
Use future appraised value No money down 100% financing (including land)* Closing Costs included into the loan 24 hour loan qualification through automated underwriting No payments during construction up to 2 years (not even interest payments)* Primary and Second Homes Full … (3 comments)
|
mortgage: Brokers vs. Banks - Pick me first! - 10/11/07 05:57 PM
Lately, I am hearing more and more from realtors and others that they are urging borrowers to go to their local banks for financing. They are telling them to stay away from larger banks and mortgage brokers due to unstable market conditions ( ie: subprime mess, lenders closing )
Now I may be biased, being that I work for a mortgage broker, but I am here today to tell you why you should be ENCOURAGING your borrowers to seek out mortgage brokers:
•1. We work on commission. We are committed to getting your loan done because if it doesn't close, we don't get paid. … (35 comments)
|
|
|
|
|
|
Katie Marchione ~ Community First Financial
Scottsdale,
AZ
More about me…
Community First Financial
Address: 7575 E. Redfield Rd. Suite 235, Scottsdale, AZ, 85260
Office Phone: (480) 305-8900 x 315
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)