[G2efunding.com]

Seeking a traditional Residential Mortgage Lender -Cash Out Refi programs

[Olderguy]

Gilbert - What's a "traditional" mortgage lender?....be definitive...I have several but they will be full docs, bank statements, 5 year prepay. You can't do primary residence from any lender without a state license or a national bank.

[G2efunding.com]

Thanks Steve my definition as has been requested by a referral was basically a mortgage broker for residential solely not commercial and of course licensed in the state - you are so much more knowledgeable in this arena - however in a traditional mortgage isn't a tax return(s) the support docs for income and of course credit report - I think that is what the client is expecting as far as providing the necessary docs for a cash out refinance - correct me if I'm wrong.
G

[Olderguy]

Sounds like primary residence if they are looking for a broker licensed in the state. What state is the client located? If it isn't Florida or California - my best suggestion is talk to a local real estate broker who can refer them to a licensed local mortgage broker.

[G2efunding.com]

Sounds like primary residence if they are looking for a broker licensed in the state. What state is the client located? If it isn't Florida or California - my best suggestion is talk to a local real estate broker who can refer them to a licensed local mortgage broker.

Steve thanks -----The client is in Georgia I think Im going to do my due diligence and speak to realtors in that area that can recommend a mortgage broker for GA - thanks for the advice

G

[Everydollarcounts]

Gilbert- We'd love to help here.
Recently came across a similar issue.

Send me a PM, we have several lenders to close this out within 10-15 days.

[Olderguy]

Gilbert- We'd love to help here.
Recently came across a similar issue.

Send me a PM, we have several lenders to close this out within 5-10 days.

Bro....that's not legit...at least not to me...

[Everydollarcounts]

what's not legit?

[Zonefund]

what's not legit?

5 to 15 day closes is bs don't lie

[Olderguy]

Documents, title search and appraisal, and underwriting/appraisal review aren't going to be done in 5 to 15 days for a primary residence loan. Hard money doing a BPO it's possible but that's investment property and NoDoc or SISA. I have a private money who can close in 5 days if you have title....but again it's hard money.