Does anyone know anything about Topdot mortgage?
922737
Don't take the job!  I used to recruit these type of people for another large mortgage company and the turn over is horrible.  They will try to paint a picture that you are going to make a ton of money and it is easy, but it isn't.  There might be 1 or 2 warm leads but the rest will be making cold calls (telemarketing).    May be 1 in 100 will make over a $100K.  Plus you will be very luck if you last 6 months, plus it is a bad time to get into the mortgage industry, things are very slow right now.  \nIf they are charging a lot of fees - means they are going to prey on people that have bad credit and in a bad situation.  They promise that they can fix their situations, but you will actually make it worst in the long run.  It will make it hard to sleep if you have a conscious.\n\nGood luck!
239189
It's not easy, and without more information I cannot give you direct advice. But visit the mortgage Professor - you'll find a link to his website on mine.\n\nSee source pages below.\n\nGood luck!
217256
need more information to answer your question, I am a mortgage broker, just e-mail me with more specific information and I will try to help you with you question
417255
Actually, they were investigated a few years ago and they recently settled a court case for millions after being sued for fraud. \n\nSome Washington residents who had mortgages with Ameriquest Mortgage Co. will share in a $6.5 million settlement.\n\nWashington and 48 other states say Ameriquest deceived consumers, inflated home appraisals and fabricated employment and income information in order to make the largest possible profit. The total settlement nationwide was for $325 million. \n\nAmeriquest parent ACC Capital Holdings Corp. said that it "acknowledged no wrongdoing" and said the settlement demanded "no restrictions or limitations on the company's licenses." \n\nThe settlement came two years after an investigation began and three years after the first complaints arrived. \n\nState Attorney General Rob McKenna, Assistant Attorney General Dave Huey and Department of Financial Institutions Director of Consumer Services Chuck Cross made the settlement announcement Monday along with officials from other states. \n\nThey said the settlement will give some 725,000 borrowers in 49 states a chance at recovering some money lost due to what they described as deceptive lending practices. \n\nThe agreement, first revealed Friday, is the second-largest consumer protection settlement reached by a state or the federal government, the state officials said. The largest was for $484 million, obtained by a group of states in 2002 from Household Finance Corp. \n\nThe financial terms of Monday's agreement set aside $295 million toward restitution to consumers and $30 million to cover legal fees and to pay for consumer education and protection programs nationwide. \n\nMuch of Washington's share will be returned to consumers who qualify for restitution in the case. State residents affected by Ameriquest will share some $6.5 million, while the two state agencies involved will receive $2.5 million. \n\nKristin Alexander, spokeswoman for the State Attorney General's Office, said Monday that the agency wasn't sure how many Ameriquest clients would participate. \n\nIn a joint release, the Attorney General and DFI said the company made nearly 13,500 loans totaling $2.7 billion to Washington residents between 1999 and 2005. DFI received more than 100 complaints about the company's business practices. \n\nCross credited Huey for much of the work done on the agreement. \n\n"He was the prime drafter of the settlement. He carried so much of the load for the country," Cross said. "The country owes a debt to Dave Huey." \n\nGov. Chris Gregoire said: "Just two years ago, Washington led the nation in similar actions against Household Financial. Now we firmly repeat our message to the industry: When companies take advantage of Washingtonians, we take action." \n\nAdam Stein of Auburn, president-elect of the Washington Association of Mortgage Brokers, said the settlement should let consumers know that "the marketplace is a safe place to do business." \n\nHe said a fast-paced real-estate economy can foster deceptive business practices by some companies, and that consumers should "shop wisely" before signing a contract. \n\nAmeriquest also is required to: \n\n--Provide full written and oral disclosure to clients concerning interest rates, points, penalties and other terms of a contract. \n\n--Ensure that employees do not demean the disclosures. \n\n--Provide the same rates and points to similar clients. \n\n--Retrain and monitor employees. \n\nAmeriquest operated 26 licensed locations in Washington, including 17 under that name, one under the name Town & Country Credit Corp. and eight under AMC Mortgage Services, formerly known as Bedford Home Loans. \n\nThe Associated Press contributed to this report. \n\nSETTLEMENT DETAILS \n\n--Who? An administrator will determine who gets paid, officials said Monday. \n\n--What next? Wait for the decisions to be made. Until the admi
617300
Rabbi,\n\nI'd be glad to send you a lot of information about reverse mortgages but here are the basics.  It's an FHA loan for only people 62 years or older.  You can get out 45%-75% of your home value depending on your age.  The older you are the more money you receive.  It's similar to a home equity loan but the biggest difference is that with a Reverse there are no monthly payments to make.  The lender is willing to wait 20-30 years for the borrower to either pass away or move from their home in order to get paid back.  It's much safer than a home equity loan because there are no monthly payments to add on or fear of foreclosure because payments have been missed.  You can receive your money in a lump sum, monthly payments, a line of credit (with a growth rate of about 7% right now), or a combination of all three.  There are no income or credit requirements.  You are still the owner of your home and remain on title just like you would with any other kind of loan.\n\nThe only drawback to it is that you don't leave 100% of your equity to your heirs.\n\nIf you have a current mortgage a reverse can pay off your current mortgage and you receive the remaining money you qualify for thus eliminating your monthly mortgage payment on the current loan.\n\nI hope that answers the basics.  I specialize in reverse mortgages and would be happy to send you an information packet we have.  You should also check out these websites.\n\nwww.reversemortgage.org\nwww.aarp.com\nwww.griffinloans.com\n\nOur company is the largest originator of reverse mortgages in the Southwest and we are licensed in almost every state.  I'd be more than happy to help you with any questions you may have.  Feel free to respond back to this post or you can email me direct at bburns@griffinloans.com
1121572
I'm a licensed mortgage Banker in NY & NJ. I can do 100% financing on investment properties up to $1 Million. If the property is located in NY or NJ, feel free to email me with questions. bianca@slkmortgage.com\n\nGood Luck!
972862
Assuming you're paying no points, a 4% DOES NOT EXIST on a 30 Yr fixed rate mortgage.  The par rate (industry lingo for no points) is around 6.250%.\n\nThe poster's question looks suspiciously like an advertisement for the website.  I can't provide any proof, but I see it all the time on different message boards where the poster poses a question as if he/she is a consumer, and then provides a link to the website just to get people to visit.
569358
If it seems to good to be true then where's the catch?  I have owned apartment buildings before, and if you are around long enough you get to know people in the banking business.  At one point I got to know the vice-president in charge of real estate at Hudson City Savings Bank in New Jersey. I had already been a party to one transaction with the bank, a 29-unit half-abandoned building in Jersey City.  One day he offered me a property, and suggested I go take a look at it.  Turns out it was a massive brick apartment building, totally abandoned, sitting on on entire city block just off Bergenline Avenue in Jersey City.  As I recall it had something like 42 apartments.  He offered to sell me the building for just one dollar.\n\nI turned him down.  That is as close to 'no money down'as you can get, heck, this was no money at all, yet even at that price it was a terrible deal.  Sure, you can get these things for no money, I've been there, but you better have access to massive amounts of capital for renovation and upgrades, and I'm talking anywhere from tens of thousands to millions.  If you don't have the means to carry it and improve it, you better think twice before you get into something that can literally slay you.\n\nA lot of the real estate moguls who sold seminars on no money down deals in the late 70s and 80s ended up bankrupt, which ought to tell you something.
169209
try the BBB \n\nhere is the bbb report for the company you are looking at.\n\nhttp://www.chicago.bbb.org/commonreport.html?bid=51002056\n\nI looked at the site and thought about how they would make money. They must get you with the fees for borrowing the money. Its worth it if you have no money and no other way to do it I suppose. But if you dig down deep and look at the numbers, my guess is it would make just as much sense as maxing out a credit card or getting a home-equity loan on your first house. Unless....\n\nMaybe they offer advice for the novice fixxer upper which may be worth it if they really do provide you with help. You would have to check I have no idea if they do or not.
297338
Yes, that is exactly what happened!I walked into the stingy  bank they were only paying 3-1/2%!I knew right away the were telling stories,what about real estate? And they had some story about unclaimed.org or get a mutual fund.Or a mortgage.Or a credit card.
443393
I would be glad to mail you some information.  I am a loan officer with Griffin Financial mortgage.  We are the largest Reverse Mortgage broker in the Southwest but we are able to do loans within 22 states.  I have a lot of information that I can provide you so feel free to contact me and I will put it in the mail.  You can reach me at bburns@griffinloans.com\nTry starting here. This is the best source on the internet.\nhttp://www.aarp.org/money/revmort/
1127464
I may be able to assist you, I am a mortgage broker who works with over 100 lenders nationwide and offer several programs that will fit almost any situation.I specialize in Re-Fi's, Purchases,  Home Equity Lines and Home Owners Insurance. Please feel free to contact me Jcorreahq@yahoo.com I will go through everything with you and answer any questions you may have about the process. This is at no obligation to you and if nothing else will educate you on how everything works and what you qualify for exactly! I look forward to hearing from you! ~Joseph Correa Licensed Mortgage Broker
1066229
Hi,\n\nNo, it's not a scam, it's just using real estate law and thinking outside of the box in purchasing real estate. Your best bet, is to read real estate investment books and websites (like www.reiclub.com).\n\nAnd you're right, there is no way to OWN property without money (or some form of value), credit and mortgage, but you can CONTROL property without the three. You then sell the control of the property to other people or investors. You can OWN property without money and credit, but you'll need to have a mortgage because no one is going to give you a piece of property that is paid for free of charge. Here's your hint: "Assignable purchase option contracts". \n\nGood luck to you. And by the way, it's not "of course! It's so obvious!", it's more like "Oh, I didn't know such a thing existed and that's how the rich got rich?". By the time you're done, you will never look at property in the same light. \n\nE-mail me if you have any more questions.\n\nRegards
810207
Almost everything is a scam these days. I wouldn't pay them until they guarantee you in writing you'll get the loan.\n.
213300
Do not sit and wait for something that is possibly only a figment of someone's imagination.  Plus the area that you are in may not apply.  Also, when this happens, it is very possible that interest rates on mortgage are going to start going up quite rapidly.  Buy now.  Most areas are experiencing a buyers market.  Now is the time!!!!\n\nIf you would like lending advice, go to www.americanhm.com/timothy.kaz ee and there is a ton of info on there.  Plus you can even apply online.
294220
I am a branch manager at a national direct lender.  Email me at ryan.wood@truelend.com for advise.  I look forward to speaking with you.
46624
I assume it's a CitiBank mortgage. If so, go to https://web.da-us.citibank.com/cgi-bin/citifi/portal/l/l.do \n\nThats the link to My Citi you should be able to do what you want there.