Cash-Out for Conventional & FHA Fall-Out!

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Services for Real Estate Pros with Auto & Home & Life Insurance throughout North Carolina

 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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Ambassador
534,540
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

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:-)

May 01, 2008 10:14 AM #5
Rainmaker
210,303
Audrey June-Forshey
RE/MAX Realty Services - Darnestown, MD
GRI, Gaithersburg, MD
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?
May 01, 2008 10:34 AM #6
Ambassador
920,651
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate
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. 
May 01, 2008 10:39 AM #7
Rainmaker
593,168
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Jason,

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

Bill

May 01, 2008 11:16 AM #8
Ambassador
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Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
How come you got yours already? I better check my mailbox. :)
May 01, 2008 11:45 AM #9
Rainmaker
212,683
Jennifer Monroe
Savvy + Company Real Estate - Charlotte, NC
Real Estate REALTOR®/Broker in Beautiful Charlotte

I like what you did with this!

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

May 01, 2008 12:42 PM #10
Rainer
84,453
Joe Adams
Major Mortgage USA/Branch Manager - Montrose, CO

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????

May 01, 2008 02:02 PM #11
Rainmaker
163,666
Suzanne Sands
Pavao Real Estate - Somerset, MA
Somerset MA Real Estate

Sally,

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

Hi Jason! :)

May 01, 2008 03:47 PM #12
Rainmaker
212,683
Jennifer Monroe
Savvy + Company Real Estate - Charlotte, NC
Real Estate REALTOR®/Broker in Beautiful Charlotte
You know Joe... it's not his big wallet I'm after ;-)
May 01, 2008 04:07 PM #13
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Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
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?
May 01, 2008 04:28 PM #14
Rainmaker
120,967
Richard Sweum
1st Security Bank - Everett, WA
I'm heading right to the Tulalip casino...lettin' it ride on the Pass Line...the whole wad!
May 01, 2008 04:33 PM #15
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Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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

 

 

May 01, 2008 05:02 PM #16
Rainer
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Jolynne Photography, Creative Wedding Photography, Family Portraits, Bar Mitzvahs
Jolynne Photography - Hemet, CA
Bat Mitzvahs, Senior Pictures, Event Photography
Groceries. (four kids man)
May 01, 2008 05:38 PM #17
Rainer
48,039
Jolynne Photography, Creative Wedding Photography, Family Portraits, Bar Mitzvahs
Jolynne Photography - Hemet, CA
Bat Mitzvahs, Senior Pictures, Event Photography

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

May 01, 2008 05:38 PM #18
Rainmaker
210,303
Audrey June-Forshey
RE/MAX Realty Services - Darnestown, MD
GRI, Gaithersburg, MD

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

May 02, 2008 12:50 AM #19
Ambassador
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Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

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!?!

May 02, 2008 02:53 AM #20
Rainmaker
217,380
No Longer Active
Real Estate - Fallon, MT

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! 

May 02, 2008 03:15 AM #21
Ambassador
534,540
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life
(The wedding is a secret Dano:-)
May 02, 2008 03:17 AM #22
Ambassador
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Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

My 'real' brothers used to tell me 'cuz mom looovees me'. yuk

May 02, 2008 03:57 AM #23
Rainmaker
120,300
Sara Goodwin
Ashcroft & Associates - Portland, OR
Portland, Oregon Appraiser

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.

May 18, 2008 08:41 AM #24
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