Mortgage - who will give me one? - GoFuckYourself.com

Kard63 · 07-20-2009, 11:13 AM

Yo, I just paid cash for a crumby little house because it was cheap. Who is most likely to give me a refi mortgage? I am ok with keeping 30-40% equity in it and my credit score is around 750-770 but my income is ... irregular. Anyone know who I should call ?

KRosh · 07-20-2009, 11:16 AM

Quote:

Originally Posted by Kard63

Yo, I just paid cash for a crumby little house because it was cheap. Who is most likely to give me a refi mortgage? I am ok with keeping 30-40% equity in it and my credit score is around 750-770 but my income is ... irregular. Anyone know who I should call ?

Have you tried www.prosper.com

???

fatfoo · 07-20-2009, 11:16 AM

Not me, Kard63. Bump for more replies.

Kard63 · 07-20-2009, 11:26 AM

Quote:

Originally Posted by KRosh

Have you tried www.prosper.com

???

I haven't tried anything. The people at GFY know everything and I was hoping they could save me some time. Seriously, sometimes you have to ask 3 times and be a dick but eventually smart people will come and save the day. You can seriously ask anything and get good answers. Watch this:

http://www.gfy.com/showthread.php?p=...8#post16086398

TurboAngel · 07-20-2009, 11:28 AM

Quote:

Originally Posted by Kard63

I haven't tried anything. The people at GFY know everything and I was hoping they could save me some time. Seriously, sometimes you have to ask 3 times and be a dick but eventually smart people will come and save the day. You can seriously ask anything and get good answers. Watch this:

http://www.gfy.com/showthread.php?p=...8#post16086398

LMAO! That's the truth.

WiredGuy · 07-20-2009, 11:33 AM

Irregular income shouldn't be a problem if you have about 25-30% equity in the building. So long as you have a descent income, even if its irregular, you should be ok with most banks.
WG

KRosh · 07-20-2009, 11:34 AM

Quote:

Originally Posted by Kard63

Yo, I just paid cash for a crumby little house because it was cheap. Who is most likely to give me a refi mortgage? I am ok with keeping 30-40% equity in it and my credit score is around 750-770 but my income is ... irregular. Anyone know who I should call ?

I don't know what I was thinking when i posted prosper LOL

I have a friend who owns a mortgage company that can give you a loan.

You can email me your contact info and I will have him call you.

spamagent at yahoo.com

96ukssob · 07-20-2009, 12:33 PM

im in the same boat. talked to a few banks and they wanted last 3 years of tax returns and all sorts of docs. gave them everything they need, but at the end they said no.

pathetic

Im applying for a loan that I can easily afford but get turned down while others who dont even make enough money to afford the payments get loans. i dont get it

MikeSmoke · 07-20-2009, 12:52 PM

It's the economy, stupid. (Not you - that's just the saying lol)
I was just shooting the shit with my local assistant branch manager while she was doing something for me, and she'd just gotten off the phone, talking to someone about a mortgage.
I asked her "you still give those things out?" and she laughed. "Not really," she said - "it's amazing, people come in with documentation, enough income and equity, a FICO of 800, and they still get rejected. I've told most people who obviously should qualify, 'don't even bother right now.'"

(Slightly germaine: I live in a nice neighborhood, and the house next to me and the house diagonally across the street from me were for sale. The people next door were retired only lived there half the year, spending the summer with their family up North - don't know anything about the other people so they may or may not have had economic problems. But the house next to me was for sale at a *good* price. It sold within two days - and the other house also sold at around the same time.
Two days after the house next to me sold - it was back on the market, and the next day, the second house was back on the market. No idea on the circumstances, but my guess is that people who could probably afford to buy in this neighborhood, just couldn't quality for mortgages.)

LiveDose · 07-20-2009, 02:29 PM

Quote:

Originally Posted by MikeSmoke

Two days after the house next to me sold - it was back on the market, and the next day, the second house was back on the market. No idea on the circumstances, but my guess is that people who could probably afford to buy in this neighborhood, just couldn't quality for mortgages.)

I've seen that a lot lately.

07-20-2009, 11:13 AM	#1
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Mortgage - who will give me one? Yo, I just paid cash for a crumby little house because it was cheap. Who is most likely to give me a refi mortgage? I am ok with keeping 30-40% equity in it and my credit score is around 750-770 but my income is ... irregular. Anyone know who I should call ? __________________

07-20-2009, 11:16 AM	#3
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	Not me, Kard63. Bump for more replies. __________________ Send me an email: [email protected]

07-20-2009, 11:33 AM	#6
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,477	Irregular income shouldn't be a problem if you have about 25-30% equity in the building. So long as you have a descent income, even if its irregular, you should be ok with most banks. WG __________________ I play with Google.

07-20-2009, 12:33 PM	#8
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	im in the same boat. talked to a few banks and they wanted last 3 years of tax returns and all sorts of docs. gave them everything they need, but at the end they said no. pathetic Im applying for a loan that I can easily afford but get turned down while others who dont even make enough money to afford the payments get loans. i dont get it __________________ Email: Clicky on Me

07-20-2009, 12:52 PM	#9
MikeSmoke Confirmed User Join Date: Nov 2002 Location: SoCal Posts: 3,233	It's the economy, stupid. (Not you - that's just the saying lol) I was just shooting the shit with my local assistant branch manager while she was doing something for me, and she'd just gotten off the phone, talking to someone about a mortgage. I asked her "you still give those things out?" and she laughed. "Not really," she said - "it's amazing, people come in with documentation, enough income and equity, a FICO of 800, and they still get rejected. I've told most people who obviously should qualify, 'don't even bother right now.'" (Slightly germaine: I live in a nice neighborhood, and the house next to me and the house diagonally across the street from me were for sale. The people next door were retired only lived there half the year, spending the summer with their family up North - don't know anything about the other people so they may or may not have had economic problems. But the house next to me was for sale at a good price. It sold within two days - and the other house also sold at around the same time. Two days after the house next to me sold - it was back on the market, and the next day, the second house was back on the market. No idea on the circumstances, but my guess is that people who could probably afford to buy in this neighborhood, just couldn't quality for mortgages.) __________________ icq: 541-739-92 Last edited by MikeSmoke; 07-20-2009 at 12:55 PM..