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AMP LOAN
Joined: 10 Feb 2005
Posts: 21
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| Posted: Mon Feb 28, 2005 11:10 pm Post subject: Is This B.S. or What? Need Help! |
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>>>I WROTE THESE TWO LOAN SCENARIOS AND GOT THIS EMAIL:
CALIF.
N/O/O
1st house 87% LTV=$500,000 loan amount (purchased in NOV 2004, we can use sale value)
2nd house 82% LTV=$575,000 loan amount
INTEREST ONLY OR NEG AM
739 FICO
Stated Income
>>>AND SOMEONE QUOTED ME THIS AS AN LO FOR ANOTHER BROKER:
"n/o/o up to 90% LTV. We actually can go up to 95% LTV on I/O for 5 year and fixed for 2.65% I am on the retail side banking and we would pay 20% gross commission of the loan amount. All we would need is 1008, 1003 and credit report. I will do everything else."
>>>IF ANYONE KNOWS WHO THIS GREAT LENDER IS WITH THESE FANTASTIC OPTION ARM DEALS, WOULD YOU BE KIND ENOUGH TO LET ME KNOW? EMAIL: AMPLOAN@YAHOO.COM |
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nikko3
Joined: 20 Jan 2005
Posts: 246
Location: acton, ca
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| Posted: Mon Feb 28, 2005 11:23 pm Post subject: |
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| Can you let us all know who has this awesome program |
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AMP LOAN
Joined: 10 Feb 2005
Posts: 21
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| Posted: Mon Feb 28, 2005 11:27 pm Post subject: |
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| when i find out i'll let you know. i may just give up a deal to this person just to find out the source of the loan but my gut is telling me (including the other 20 ppl or so i spoke with or emailed today that this doesn't exsist). |
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nikko3
Joined: 20 Jan 2005
Posts: 246
Location: acton, ca
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| Posted: Mon Feb 28, 2005 11:48 pm Post subject: |
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| if it sounds to good to be true ... |
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BECCA9892003
Joined: 20 Jan 2005
Posts: 400
Location: Altoona, PA
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| Posted: Wed Mar 02, 2005 5:26 pm Post subject: |
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| ask them right out wwho their lender is...and if no answer...then stay away |
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chow
Joined: 22 Jan 2005
Posts: 2350
Location: Cornfield County, Indiana
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| Posted: Wed Mar 02, 2005 9:57 pm Post subject: |
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It is my old employer, the arch evile enemy to anyone who doesn't know the entire process, the lender from hell :twisted:
ALS, aka Broker loan services, AKA:
The Brother's ,
A Wall street end lender.
You either live with them or you chose to dislike them. (oh, I forgot yo'all just try to find a home? This is not your Lender-find a pass through broker.)
My time there was based on what I could learn, and how to understand it all. They paid me well, for my "tour of duty."
Load up the trucks kids....for an email I will give you the "magical mystery tour," and it could blow your head and credit line away.... :twisted: :twisted: :twisted: :twisted: :twisted: :twisted: |
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liverichly
Joined: 10 Feb 2005
Posts: 199
Location: Orange County, CA
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| Posted: Thu Mar 03, 2005 5:32 pm Post subject: |
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| chow are you saying you've had horrible experiences with Aurora? They just did a rush job on a doc purchase for me and they also got docs out on another deal with absolutely no fuss on the conditions... I guess it just depends on what branch you deal with but Irvine, CA has been good so far. |
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chow
Joined: 22 Jan 2005
Posts: 2350
Location: Cornfield County, Indiana
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| Posted: Fri Mar 04, 2005 7:32 pm Post subject: |
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:roll:
I used to work there until they shut our office down after they bought it.
I used to have horrible issues with the east coast office of BFS when I was a broker/owner. The AE lied, he told my LO's to do things that were unethical, and they were newbies, and he knew it-so he didn't think we went through files and listened to phone calls.
I called our rep for Indiana the other day, the gal is the same gal who worked in our sales dept at SIB. At least I know she won't ask anyone to lie to get a loan done! :roll: |
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Jenie0109
Joined: 27 Jan 2009
Posts: 307
Location: chicago IL
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| Posted: Tue May 19, 2009 12:30 pm Post subject: |
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| very nice. great post. thanks for the help. |
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