- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 6/10/13 at 12:57 pm to Furbs311
dont report you broker he might not have a lender that will let him do conventional with less than 20% down..nmls # are hard to get these days lets not get petty..your new purchase will not be a second home since you have switched jobs and area's the new home will be your primary residence. You need a bank to do this loan not a broker and not quicken.
Posted on 6/10/13 at 1:59 pm to hawkeye007
quote:
dont report you broker he might not have a lender that will let him do conventional with less than 20% down..nmls # are hard to get these days lets not get petty
quote:
this guy is telling me theres no way I can get a conventional loan with that little down, no matter how good my credit is
If quote above is true, you consider this petty? I consider it steering and fraud. If he said "WE can't/don't provide a conventional loan..." thats one thing, but as quoted, this broker should be reported. If he told my clients that he would be immediately.
Posted on 6/10/13 at 3:35 pm to ItNeverRains
if he stands by the you cant qualify for conventional comment then he is steering due to the fact that FHA pays way more to a broker than conventional..
Posted on 6/10/13 at 3:45 pm to hawkeye007
quote:
if he stands by the you cant qualify for conventional comment then he is steering due to the fact that FHA pays way more to a broker than conventional..
Right, on top of the fact I can name 10 lenders who can do a 95/5 Conv. with 740 credit off the top of my head.
Shocked you consider this petty
Posted on 6/10/13 at 4:32 pm to ItNeverRains
i am just not shocked by it that is all..
Posted on 6/10/13 at 8:06 pm to lsu tigerdog
Talked to the broker again today and brought up that I would rather do 95/5 conventional. He said the problem is I had three months unemployed last June-Sept and since I don't have a couple years of continuous employment.
Posted on 6/11/13 at 9:06 am to Furbs311
get a new broker..you should be able to overcome that with a letter of explanation. how long have you been on your current job and were you laid off from your last?
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News