oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending![]()
oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending![]()
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![]()
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.
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