15 Days To Do A Loan?

wow! what about FHA / VA streamlines? not all loans should stop at 80%   I am still turning loans in less than a week.....  choose your investors wisely   and remember, rate more than ever is NOT everything

What lender do you work for?

80%+ is not a deal stopper

 These are all very valid comments.  I am assuming that you are a realtor, right?  Here is what I originally started a few days ago, but I got busy..

Greg.... I will disagree with much of what you just said. I am not sure if you will be deleting this comment, but that is misinformation...  First off, you don't need 20% equity to refinance. You can do FHA loans all day, up to 97.75% of the value of the home. But you know what, that is irrelevant, because each borrower is not the same. So we shouldn't be putting unknowns out there or scaring the public. 

Overall, consumers need to hear this kind of stuff from a trustful loan officer and not from someone that seems to have an idea of what is going on out there, just because they heard it from the news, or an unreliable loan officers, or a borrower that was complaining.  That is just my .02.....  One more thing.. sure, maybe someone added something to their comment that should have been left out.

I agree wtih you guys.  I really don't know where this information is coming from, but it's not the norm.  80% isn't the determining factor.  It's the whole package,.  80% is one element, and not the most critical one at that.  Talk to a good lender before you proceed.  Maybe you don't have good lenders in your area Greg.  I wouldn't work with you b/c of demographics, but I could point you in the direction of some great and reputable ones.  That would make sense, but I'm afraid that you haven't been given good facts.  Sorry, my friend, but we'll disagree on this one.  I have a lot of friends on Active Rain who we can call out when we have bad information.  I know we don't hang, but we're in the same area so we need to get positive information out there.

Speaking of getting it wrong, I've e-mailed you privately and am now apologizing publicly as I seem to have gotten it wrong as well.  If you check my posts, I've used that phrase on many a post on male blogs.  I don't pay attention to color.  Irrespectively, I should have paid attention here.  I am aware that I've offended you.  I stand by my statements in the comment portion but apologize for using a term that has offended you.  I'm sure that if you polled most people who post on AR using this vernacular, there are zero negative connotations at all.  Having said that, I was rude to not be sensitive to something that may be in issue to others.  My sincerest apologies.