Results 1 to 26 of 26

Thread: Any one else watching the stock markets right now?

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Join Date
    Mar 2006
    Posts
    2,524
    oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending

  2. #2
    Join Date
    Mar 2006
    Location
    Jersey
    Posts
    491
    Quote Originally Posted by soulstealer View Post
    oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending
    I wish I had money for a down payment right now. I think the next few years will be a great time to buy.

  3. #3
    Join Date
    Mar 2006
    Posts
    2,524
    Quote Originally Posted by suprman09 View Post
    I wish I had money for a down payment right now. I think the next few years will be a great time to buy.
    If you go at it the right way you can do it without anymoney down....

  4. #4
    Join Date
    Aug 2004
    Location
    Deutschland
    Posts
    8,787
    Quote Originally Posted by soulstealer View Post
    If you go at it the right way you can do it without anymoney down....
    By all means, educate a man why don't you.
    ***No source checks!!!***

  5. #5
    Join Date
    Mar 2006
    Posts
    2,524
    Quote Originally Posted by muriloninja View Post
    By all means, educate a man why don't you.
    First of all you can qualify for all kinds of government down payment assistance programs depending on your income plus a sellers concession can be used for closing costs and such... all you really need is to have a decent job.... somekind of assets be it a 401k IRA or just a savings or money market acct with a few thousand, decent credit and a good mortgage banker

  6. #6
    Join Date
    Sep 2005
    Location
    USA, NJ
    Posts
    675
    Quote Originally Posted by soulstealer View Post
    oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending

    commercial mortgages here...how are you making out in this market??

    i know a few residential guys closed up their own shops and started working commercial with my company

  7. #7
    Join Date
    Mar 2006
    Posts
    2,524
    Quote Originally Posted by -DedicateD- View Post
    commercial mortgages here...how are you making out in this market??

    i know a few residential guys closed up their own shops and started working commercial with my company
    Ya people are definately going out of business... you just have to roll with the punches and find a few good banks all my efforts also directed at Fannie mae loans as they are the only thing worth any of your time in todays market... but I'm doing ok..... been able to generate much larger loans... on average 350-400k.... so even if I'm only doing 1-2 a month I make out pretty well...since my average gross is 3.2 points per loan
    Last edited by soulstealer; 01-24-2008 at 03:50 PM.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •