| View previous topic :: View next topic |
| Author |
Message |
dmdm22
Joined: 15 Aug 2007
Posts: 20
|
| Posted: Fri Aug 31, 2007 3:31 pm Post subject: Another great Loan... need someone's help |
|
|
40 year Neg Am
Stated income... Verified assets
Loan amount $450,000
Refinance... C/O
Borrower has offer of 1.25% for 40 year NegAm... $1,200 payment of $425,000 loan
I have 30 year Neg Am at 1.95% and cant find any of my lenders that are doing this offer he is proposed (except on the interent ad's that pop-up)
Help!??? |
|
| Back to top |
|
Haplo
Joined: 20 Jan 2005
Posts: 2422
Location: Springfield, IL
|
| Posted: Sat Sep 01, 2007 12:29 am Post subject: |
|
|
| :shock: |
|
| Back to top |
|
ken(TX)
Joined: 23 Sep 2005
Posts: 184
Location: Dallas, TX
|
| Posted: Tue Sep 04, 2007 3:35 pm Post subject: |
|
|
dmdm, please don't take this the wrong way.....but.....
Reading that scenario request is like hearing someone bemoan the inability to find a good lease price on a property near the levee in New Orleans. My reaction is like, "hasn't he heard?" |
|
| Back to top |
|
dmdm22
Joined: 15 Aug 2007
Posts: 20
|
| Posted: Tue Sep 04, 2007 4:45 pm Post subject: |
|
|
I totally agree with you Ken but if you cant talk a borrower out of something, you gotta try to help them....
Otherwise, I lose the business to someone who will
I have tried several times (several meaning 4 different phone calls) to talk him out of loan but alas... |
|
| Back to top |
|
ken(TX)
Joined: 23 Sep 2005
Posts: 184
Location: Dallas, TX
|
| Posted: Tue Sep 04, 2007 6:12 pm Post subject: |
|
|
| I hear you, it isn't missionary work although there are times a good dunk under cold water might help.... |
|
| Back to top |
|
chow
Joined: 22 Jan 2005
Posts: 2350
Location: Cornfield County, Indiana
|
| Posted: Wed Sep 05, 2007 1:21 am Post subject: |
|
|
If he really has that offer, tell him to take it- And please share with you who actually funds it.
You can't be every thing, to everyone. There's no harm in admitting that. |
|
| Back to top |
|
dmdm22
Joined: 15 Aug 2007
Posts: 20
|
| Posted: Wed Sep 05, 2007 4:17 pm Post subject: |
|
|
Gave borrower news that I cant beat his other deal but told him I was very interested in learning what company was offering this and what deal he was getting. Told him if he had any concerns about any part of the process:
1. I would be there so he could get 2nd opinion
and...
2. My deal is still on the table
I guess you cant win them all... and maybe I didnt really want to win this one anyway.
Dont like the loan product and you cant sell what you dont like.
Thanks for help all |
|
| Back to top |
|
ken(TX)
Joined: 23 Sep 2005
Posts: 184
Location: Dallas, TX
|
| Posted: Wed Sep 05, 2007 5:27 pm Post subject: |
|
|
| The way you left it was excellent. Odds are you will hear from him again. |
|
| Back to top |
|
loans3266
Joined: 05 Sep 2007
Posts: 4
Location: Las Vegas
|
| Posted: Wed Sep 05, 2007 9:10 pm Post subject: Re: Another great Loan... need someone's help |
|
|
dmdm22 wrote: 40 year Neg Am
Stated income... Verified assets
Loan amount $450,000
Refinance... C/O
Borrower has offer of 1.25% for 40 year NegAm... $1,200 payment of $425,000 loan
I have 30 year Neg Am at 1.95% and cant find any of my lenders that are doing this offer he is proposed (except on the interent ad's that pop-up)
Help!???
enter that scenario into -*edited link* AE's will respond back immediately with options
You just jointed and so far have blasted a link at every chance?
chow |
|
| Back to top |
|
| |
