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 ?

Have you tried www.prosper.com

???

Not me, Kard63. Bump for more replies.

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.


:thumbsup

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 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

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 :mad: 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

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.)

I've seen that a lot lately.