What to look for if the borrower wants to make a purchase loan?
597426
Their dti, debt to income ratio.  if it is for real estate, ltv, loan to reail value, which determines the equity in the property and will let you know how much can be borrowed.  Basics, name, ssn, mothers maiden name, lengh of employment, lenght of residence, any other lending they have.
568344
Go to www.lendingtree.com\n\nThey will give you a list of those that are willing to loan you money.\n\nWhat they do is take your information, yes, Social Security # too, and they will submit it to known lenders, then lenders will reply if they are willing to loan.  Good luck.
812525
Why do you find it important to know about the lender that does your home loan?  \n\nAll mortgage lenders are governed by mostly state and federal laws.  \n\nAre you looking for  a rating on the lender or mortgage broker?\n\nWell which ever you are looking for and no matter who eventually does a loan for you. I am willing to bet that before the loan ink dries that the loan will be sold to someone else and before the month is through you will get a piece of mail saying ABC&D purchased your loan. Please make your monthly payments to the company listed on your payment booklet inclosed.\n\nI am also clear that the person sending you that booket and mail are not your lender either. I am willing to bet that that person simply will be servicing your loan for the investor that puechased your loan.\n\nEven if you get a letter with a payment book from the person that you went through to get you loan, they are now merely acting as the servicing agent for the investor that purchased your loan, 24 hours after it was funded and your escrow closed.\n\nI was am a mortgage broker that assisted in securing a loan for a lady that was fed up with her lender and the tactics they were using in trying to get her to refinance her home. I took her application, she was very adamant about not having her loan under this lender. \n\nI told her that I could not guarantee that this would not happen but if she wanted to refinance for that reason and that reason alone, she had to sign off on a disclosure that I made especially for her, that was I could not controll nor did I know who her loan would be sold to on an open market.\n\nWell we did the refinance, closed the loan, guess who purchased the loan once all the dust had cleared. About  10 months later the same person that had been her servicing agent was now here servicing agent once again, because the loan had been sold to the person she previously had.\n\nInvestors do not purchase loans by name, state or city, they purchase by interest yield. So they might request any and all loans to 1000 with a rate of 6.5% with more than 25 years left for payments to be made.\n\nSo checking out a mortgage lender or bank will, only serve the purpose that they are in a data bank. \n\nI hope this has been of some use to you, good luck.\n\n"FIGHT ON"
584374
The other answerer has a good point... lol...\n\nIf you are concerned about someone that you are dealing with: I'd recommend asking for references from the person/company (and calling), looking into what orginizations that they belong to (eg. Real estate boards) and looking to see if they are a member of the local BBB.\n\nAs far as a list of know scams or cons, I'd be curious to see if one exists.
1142713
All I can say is shop around-get quotes from as many different lenders as you can because there are so many bad deals out there right now that some lenders will promise the sun moon and stars for your business. Don't use a fly-by-night place you never heard of-seek out ones that have reputations. Ask around and get recs from friends who have refi-ed even if it was on a house.
54184
More than likely you will obtain a conventional loan where you desire to purchase. This will be a new mortgage.\n\nYou may want to pre-qualify with a lender of your choice and be given the mutiple of options.\n\nMore than likely the loan will be secured by the property itself.\n\nBest to you
651649
Your site will be used as collateral security to grant you loan. There are loan against property available. Let me know, where exactly is your site and how much loan is required?
1003641
yes I do that type of loan, How is your credit score? Can you prove your income (W2 etc)?What is the buy back price?Please email me the answer and I will tell what you can get. Johng@oldmerchants.com
142520
Where are you located (city/state)?  That would help direct you to someone who could help you find a buyer.
643190
Depends on how much you are needing. Second mortgage on the house maybe (if you have one). Anything of value. Is your vehicle paid off? Just shop around. You can find a good deal with some shopping. Just remember, if it sounds too good to be true...it always is.
1081087
You should check out Brian Sacks' Website at:\nhttp://www.loanofficersuccess.com
797504
you will qualify for some thing, the interest rate might be high\n\nwhen the lender gives you the news, you have a right to review the credit report they pull (cannot take it with you) as you look it over ask him/her what you can do to get a better rate.  It might be as easy as wait a month and pay down a debt.\n\nif the lender cannot help you with ideas, get a new lender.  lenders are in the business to lend so a good one will help you however they can to make the deal work
1057461
See a Bank Loan officer.
982858
The co signer will dictate the loan amount and terms based on his/her ability to qualify. If they qualify for a $35K loan you can get it.\n\nHere is some additional info. Hope this helps.
301545
get ONE card for big items w/ warranty on them,or online purchases;debit cards offer no protection or recourse for the buyer.\nPay The Bill On Time-All The Time
1081219
Make sure your loan contract says that excess goes to principle, which is the more favorable option.\n\nMost, not all, loan agreements are written this way, so double check.  Ask to see the language in the document if you are currently loan shopping.
114696
You can alway start buy asking.