Cash-Out for Conventional & FHA Fall-Out!

 Jason Sardi Rocks!

So, what did you do or going to do with your rebate?  Personally, I've already received mine.  It will cover my electric bill, my gas bill, and perhaps grant me a few Happy Meals down the street and maybe a cold case of Arizona Green Tea:-)  While I always appreciate a few bucks thrown my way, I'm not sure how much of a stimulus this package will be for our economy.

While this recent economic stimulus package rebate of $600 will be enough for some, others have bigger dreams and bigger needs. Like paying for college, home renovations or finally getting rid of those pesky high interest credit cards. For those that do, there are different solutions - cash out loans with reasonable guidelines to really help you get the money you need - and get it in days, not months.

Now, Non-Traditional or Sub-Prime Loans have gotten a bad rap within the Industry & the Media....some of that 'Rap' very warranted.  Yet, there are plenty of folks who don't fit into Conventional Guidelines or who can't qualify for government loans such as the FHA or VAWhere are those folks to go?  A lot of those folks always pay their mortgage on time, have a decent amount of equity in their home, yet get turned down for these types of loans.  In my view, there will always be a market for Non-Traditional or Sub-Prime Loans.  Always.  It is vital for you as a consumer to contact a Mortgage Professional who can explain the different programs currently available and together decide what is the best program for your particular needs.

Cash out guidelines we have available:

• $100,000 cash out up to 85% LTV (Loan compared to the value of your property) and full income documentation
• $100,000 cash out available up to 80% LTV with bank statement programs to document your income for those who may not get W-2's or Pay-Stubs.
• Cash out exceptions considered at lower LTVs
• Mortgage lates allowed

• Loan amounts up to $750,000


Let First Choice Equity Group get you the cash you need, when you need it.  Feel free to contact me today and let's make it happen.

Jason Sardi

Mortgage Consultant

610-439-2166 ext. 229

jsardi@fcegi.com

 
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24 Comments on Cash-Out for Conventional & FHA Fall-Out!

Mine will be spent to cover the shortage in donations for the Team in Training Marathon.....

Easy Come... Easy Go...

05/01/2008 04:37 PM by Dan Cummings - Connecticut's Running Realtor (Raveis Real Estate)


Dano - Perhaps Jen & I will make a donation...very good cause.

05/01/2008 04:40 PM by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)


Non-traditional loans are getting harder and harder to find. There is definitely a need out there. These sound like some wonderful programs.

(I guess I know where my rebate is going : ) 

 

 

 

 

05/01/2008 05:06 PM by Guilford Connecticut Real Estate Agent, Sandra Cummings (William Raveis Real Estate)


It doesn't matter to me....I'll take what I can get:)

05/01/2008 05:12 PM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


Sandra - Very true and as long as there is a need, there will be those there to fulfill it.

Neal - I'm kind of that same mindset as well man:-)

05/01/2008 05:14 PM by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)


I never get those rebates. Last time they were sending them out my husband I laughed, a letter from the IRS came and said oh yeah, about that check - seems you owe us $585.32 and $14.78 in interest for a total of EXACTLY $600( or something like that?) I looked at him and said are you going to call them and open up THAT can of worms?  No thanks, they are too big of a headache to deal with, I say let sleeping dogs lie!!  So much for rebate checks at my house, not sure if I am getting this one or not?

05/01/2008 05:34 PM by Audrey June-Forshey, GRI, Gaithersburg, MD (RE/MAX Realty Group)


Not sure I will get one, we never do our taxes on time. But, I'll pay bills probably. This was a great post Jason on cash out refi's. I did one in Dec. no doc, to get rid of my HELOC before it increased. This time I'm never refinancing again. We did a 15 yr so I can get this paid off. 

05/01/2008 05:39 PM by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)


Jason,

A very pretty girl. An ad. A cherity. An a hint of domististy. Not bad for a short blog.

Bill

05/01/2008 06:16 PM by William J Archambault Jr (The Real Estate Investment Institute )


I like what you did with this!

So, what'd you buy me with that rebate buster?? ;-)

05/01/2008 07:42 PM by Portland Oregon Real Estate Broker * Jennifer Bukaty * (RE/MAX equity group, inc.)


OOOHHHH Mr Sardi... me thinks the Princess Jen is looking for the $$$$ as for mine.... I sent it back the Uncle after all I will owe him again next year so might as well get a small head start

 

PS when is the Wedding????

05/01/2008 09:02 PM by Joe Adams (Major Mortgage USA/Branch Manager)


Sally,

Check your bank account I heard some people already got them because of direct deposit.

Hi Jason! :)

05/01/2008 10:47 PM by Suzanne Sands-Somerset, MA Real Estate (Century 21 Associates Realty)


As a side note....J...I think that most people should pay down their debt or bank the kwan.  But we do like to spend don't we?

05/01/2008 11:28 PM by Larry Bettag - Cherry Creek Mortgage


I'm heading right to the Tulalip casino...lettin' it ride on the Pass Line...the whole wad!

05/01/2008 11:33 PM by Rich Sweum (Homestead Mortgage)


Suzanne:  It's according to ...

 

 Last two SSN digits: Payments will be transmitted no later than:
 00 through 20 May 2
 21 through 75 May 9
 76 through 99 May 16

 

 

05/02/2008 12:02 AM by Celeste "SALLY" Cheeseman (RA), HAWAII Real Estate & HAWAII Relocation (Century 21 Liberty Homes -Mililani, Hawaii)


Every time I hear the words "Stimulus Package" I picture Austin Powers saying "Does that make you 'orny?"

05/02/2008 12:38 AM by Hemet Home Loan Guy, Joey Aszterbaum (Patrion Mortgage)


I just read Joey's last statement and about spit my coffee on the computer .  LOL!

05/02/2008 07:50 AM by Audrey June-Forshey, GRI, Gaithersburg, MD (RE/MAX Realty Group)


Audrey - My rebate was only $400.00.  I guess the current administration is following my blog:-)

Missy - That's one thing I strive for with clients, trying to put them in the position where they won't have to refinance or tap into their equity again.

Bill - Thank you kind Sir, have a good weekend and say hi to Brenda for me.

Sis - Cause the Bush Administration LOVES me:-)

Jennifer - A 20oz Mountain Dew and pack of Newports, does that work?

Joe - Ask Miss Jennifer:-)

Hi Suzanne!

Jennifer - Careful, Mother Sardi may be reading this:-)

Larry - I agree with you there man, but you know how it goes...

Rich - Remember this young lad if you hit it big!

Thanks for the info Sis!

Joey - You are a busy man my friend:-)

Audrey - He does have some wit, yes!?!

05/02/2008 09:53 AM by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)


Since I've been blessed with luck that is never quite good my rebate check will be in the last batch coming in July.....  Assuming the government doesn't go bust!  LOL

When is this wedding anyway?  Been dangling that carrot long enough! 

05/02/2008 10:15 AM by Dan Cummings - Connecticut's Running Realtor (Raveis Real Estate)


As I don't agree with the 'stimulus package', yet am only human... 1/2 is going to Mercy Corps fto the Burma Relief Fund and the other half I'm spending in Canada, aye.

If I had kids, I'd donate it all to public education.

05/18/2008 03:41 PM by Sara Goodwin - Portland, Oregon Appraiser (Ashcroft & Associates)


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Loan Officer: Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)
Jason Sardi, Pennsylvania Mortgage Broker
Allentown, PA
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First Choice Equity Group Inc.

Office Phone: (866) 262-8720 Ext.: 229
Cell Phone: (610) 439-2166
Email Me
What you can expect is relatively simple. I hope to make these little posts informative, entertaining, timely and have a flare that allows you the reader to be able to look at the financing side of the real estate biz. And maybe, just maybe, it gives you a little peek into my soul... Jason
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