Question by Seahamm: Has anyone heard of Thomas Finance Loan House?
It could possibly be a scam, but I was told to fill out an application to receive a loan fomr them.
Best answer:
Answer by Steve
He appears to be a small time loan broker. You are better off to deal directly with the lenders or a broker that is more well known.
Give your answer to this question below!
Tags: Amp, anyone, Finance, Finance Loan, heard, House, Lenders, Loan, Loan Broker, Small Time, Thomas, Time Loan
Question by JohnPau2010: How soon can we close on a home loan from the date of application ?
Lets say If I apply for a home loan today with a bank/lender/broker , how soon can I be closing the loan ?
Can they close in 2 weeks from today if I put an application today ?
Best answer:
Answer by Steve D
Figure 45 to 60 days from acceptance of offer on a home assuming you are pre-approved. If your offer has been accepted and you are just starting the application process, figure closer to 60 days.
What do you think? Answer below!
Tags: Amp, Application, Application Process, Bank Lender, Close, Date, from, Home, Home Loan, Loan, Loan Application, Loan Broker, Loan Lender, soon
Loan broker charged in Sacramento pot house investigation
SACRAMENTO – An East Bay area woman who arranged loans on 20 homes in Sacramento and Elk Grove that became indoor pot-growing operations has been charged with mail fraud.
Read more on News10 Sacramento
Summary Box: Mortgage rates hit low of 4.36 pct.
RATES DIP: The average rate for a 30-year fixed loan fell this week to 4.36 percent, mortgage buyer Freddie Mac said. That’s the lowest level since the mortgage buyer began tracking rates in 1971. ANOTHER DROP: It was the eighth time in nine weeks that rates… Freddie Mac – Mortgage – Loan – Business – Tax rate
Read more on San Francisco Chronicle
Foreclosure help: Group offers round-the-clock loan counseling in South Florida
The Neighborhood Assistance Corp. of America Save The Dream Tour is hosting the event, which arranges face-to-face meetings between struggling homeowners, counselors and lender representatives. Doors open at 9 a.m. Friday, at the Palm Beach County Convention Center, and will stay open through midnight Tuesday.
Read more on St. Lucie News Tribune
Tags: Business Tax, Dream Tour, East Bay Area, Eighth Time, Elk Grove, Freddie Mac, Lastest, Loan, Loan Broker, Loan News, Mail Fraud, Mortgage Buyer, Mortgage Loan Business, Mortgage Rates, Neighborhood Assistance Corp, News, News Tribune, News10 Sacramento, Nine Weeks, Palm Beach, Palm Beach County, San Francisco Chronicle, St Lucie News
Question by himcrucified: Where do you go to get a loan to buy a house?
I want to buy my first house but I don’t know what steps to take? Where do I go to get a loan? Do I pick the house first? Thanks for any tips!
Best answer:
Answer by ann h
if your credit is good start with your bank…if not try a loan broker…
Give your answer to this question below!
Tags: Buy A House, Buy House, First House, House, House Buy, Loan, Loan Broker
Top 5 False Statements made by Mobile Home Loan Brokers about Financing
5) Manufactured Homes built before 1976 cannot be refinanced
The HUD Code, instituted in 1976, changed the standards of safety and the construction procedures for manufactured and manufactured homes. As such, homes built prior to 1976 were not subject to the HUD Code and are regarded by manufactured home investors as a higher risk loan for a lack of a minimum code of construction. Due to this condition, investors will still provide financing and refinancing for pre-HUD manufactured and manufactured home loans, yet at a slightly higher rate than their post-HUD counterparts.
4) You can get a co-signer if you have doffend qualifying
Contrary to popular dogma, manufactured homes are not cars and cannot be financed like them. The loan contract regards the signers as “borrower” and “co-borrower(s)”. Also, it is inferred, when a manufactured home loan contract is executed by the borrower and co-borrower(s), that they are according to live in the home as their primary residence. Making a false statement such as this constitutes loan fraud and is grounds for federal prosecution.
3) 100% Financing is availcompetent to purchase a manufactured home
There are NO 100% (or “zero down payment”) financing programs availcompetent for any manufactured or manufactured home loans. Do not be fooled! Many loan brokers will attempt to realize this type of manufactured home loan, fraudulently, clscopeing the home to be a stick-built condo. Be sure not to implicate yourself in this kind of scheme by checking that your loan broker truly understands and has a wealth of experience in dealing with manufactured and manufactured home loans.
2) Mobile House Loans are not conventional loans
It is a common mistake to classify mobile or mobile house loans as not being conventional loans. A conventional loan is any loan that isn’t insured by the FHA or warrantyd by the VA or Farmers House Administration. There are FHA and VA loans available on mobile or mobile houses and they vehiclery many stipulations and restrictions with them; however, a mobile or mobile house loan through a financial institution such as a bank or ldesist union is absolutely a conventional loan.
1) Mobile Houses must be attached to a permanent foundation to get financing
This false statement is the telltale sign of a loan broker who truly does not know anything about mobile or mobile house finance. Permanent foundations have NO bearing on the financing of a mobile or mobile house whatsoever, and usually it’s just an excuse for the broker or institution to ignore making (what is perceived as) a higher risk loan for your house.
John Cain has been financing Mobile Home Loans for 20 Years. For more information, please visit our website for more information.
More House Loan Articles
Tags: About, Brokers, Co Borrower, Co Signer, Construction Procedures, Conventional Loan, Conventional Loans, Dogma, False, False Statements, Federal Prosecution, Financing, Financing Programs, Florida Community, Home, Home Loan Brokers, Hud Code, Loan, Loan Broker, Loan Contract, Loan Fraud, Loan Fund, Made, Manufactured Home Loan, Manufactured Home Loans, Mobile, Mobile Home Loan, Risk Loan, statements
Home Loan Refinance : How to Choose a Broker
Due diligence
Due diligence is the term used to refer to the research you should do before committing yourself to any financial or contractual deal, especially if you don’t know the other party to the deal personally. The term is commonly understood to mean that you check out the facts that you know or can obtain access to, in order to verify that the person or entity is who they say they are. When you are selecting a broker to work with in completing a home loan refinance, you should review the business reputation, credentials, specialties and any needed licenses or registration information. You should never accept this type of claim at face value.
What is the reputation?
A loan broker, whether for a new loan or a refinance will have had other borrowers work through him or her in order to obtain a loan unless the broker is completely inexperienced. When you are selecting a home loan refinance broker, you should determine the reputation of both the broker and the company for which he or she works. You can check for information at the Better Business Bureau or similar registry locations, both online and via telephone or mail service.
What type of loan broker?
There are several types of loan brokers who can be contacted when you get ready to do a home loan refinance so you will want to make sure that you choose the type of loan broker that will do the best job for you. For example, there are loan brokers that work with commercial loans, or residential loans. Sometimes loan brokers will only work with developers for large development projects. A loan broker can work mainly with Veteran’s Administration loans or HUD project loans. Make sure you get the type of broker that knows the niche that you will be using.
Specialty loan brokers
In addition to loan brokers focusing on certain types of loans, the broker may also deal with certain specialties. For example if you have poor credit, a home loan refinance with a regular lender may not agree to underwrite the loan. A manufactured housing loan specialist is sometimes a little harder to find. There may be fewer companies to deal with when you need a specialty loan. Rural loans are another example. Some large brokers won’t agree to lend in a rural area, simply because the broker doesn’t understand the rural market.
What are the terms?
When you are selecting the correct broker for your home loan refinance, you will want to look at the loan preparation charges that the broker assesses. There can be a great deal of variance between two brokers doing the same type of loan, so be sure that you review and understand all the charges that will be required of you at the time of closing. It can be a very unpleasant surprise if you don’t realize that you are being charged a series of loan origination fees that significantly reduces the amount of cash that you were planning on receiving at closing.
Check the top quality resources available at Home Loan or Home Loan Refinance for the best information about loans, broker, terms and great tips and cautions before signing on the bottom line for your home refinancing.
Tags: Better Business Bureau, Borrowers, Broker, Business Reputation, Choose, Commercial Loans, Credentials, Developers, Development Projects, Due Diligence, Face Value, Florida Community, Home, Home Loan, Housing Loan, Hud Project, Loan, Loan Broker, Loan Brokers, Loan Fund, Mail Service, Niche, Project Loans, ReFinance, Registration Information, Residential Loans, Search
Corporate Financing
Corporate Financing
Corporate financing is a type of financing which is acquired by corporations. Typically corporate financing is obtained to finance projects designed to grow a corporation or by new companies which need capital in order to build the company up. Many corporations attempting to acquire corporate financing will obtain the services of a business loan broker in order to expedite the entire financing process and to obtain a better interest rate.
Corporate financing is considered one of the most difficult forms of financing to obtain. In many cases lending money to businesses can be one of the most lucrative types of loans a lender can make it is also one of the riskiest. This is related to the fact that only around 1 in 10 businesses succeed. This makes it a fairly high risk loan for business lenders. Typically any business that is looking to get corporate financing will need to have a fairly strong credit rating which proves to the lenders that they have a history of paying their loans off on time and in full. It is also considered beneficial for a company looking for corporate financing to have a revenue history which shows a consistent profit margin or a profit margin which has been steadily increasing over several years.
Corporate financing is considered one of the most difficult forms of financing to obtain. In many cases lending money to businesses can be one of the most lucrative types of loans a lender can make it is also one of the riskiest. This is related to the fact that only around 1 in 10 businesses succeed. This makes it a fairly high risk loan for business lenders. Typically any business that is looking to get corporate financing will need to have a fairly strong credit rating which proves to the lenders that they have a history of paying their loans off on time and in full. It is also considered beneficial for a company looking for corporate financing to have a revenue history which shows a consistent profit margin or a profit margin which has been steadily increasing over several years.
Corporate financing is considered one of the most difficult forms of financing to obtain. In many cases lending money to businesses can be one of the most lucrative types of loans a lender can make it is also one of the riskiest. This is related to the fact that only around 1 in 10 businesses succeed. This makes it a fairly high risk loan for business lenders. Typically any business that is looking to get corporate financing will need to have a fairly strong credit rating which proves to the lenders that they have a history of paying their loans off on time and in full. It is also considered beneficial for a company looking for corporate financing to have a revenue history which shows a consistent profit margin or a profit margin which has been steadily increasing over several years.
http://www.businessfinancebroker.com
http://www.businessfinancebroker.com/Business-Loans.html
http://www.businessfinancebroker.com/Corporate-Loans.html
http://www.businessfinancebroker.com/Constructions-Loans.html
http://www.businessfinancebroker.com/Application-Form.php
http://www.businessfinancebroker.com/Application-Form.php
http://www.businessfinancebroker.com/Application-Form.php
Good Writer
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Tags: Business Lenders, Business Loan, Corporate, Corporate Financing, Corporations, Credit Rating, Financing, High Risk Loan, Interest Rate, Lending Money, Loan Broker, Loans, Mars Discovery, Profit Margin, Revenue History
Question by Sammi S: How likely is it that my mortgage company will pull our credit again?
We were pre-approved for a mortgage, and we submitted the application for the FHA loan already. Our mortgage broker said that we’d need to have some receipts on outstanding payments we owe, and we’ve gotten those to provide to him. Now, how likely is it that he’ll pull our credit scored again?
Best answer:
Answer by acermill
Almost guaranteed that it will be pulled at least once prior to closing, most likely the day of or the day before closing, to insure that nothing has changed since it was last pulled for the approval.
Add your own answer in the comments!
Tags: Again, Amp, Company, Credit, Fha Loan, Fha Mortgage, likely, Loan Broker, Loan Mortgage, Mortgage, Mortgage Broker, Mortgage Company, Pull, Receipts, Sammi
Question by kelly m: How difficult is it to get a home mortgage loan?
I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $ 60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?
Best answer:
Answer by Stephany
So you think that you’re ready to buy your own home? Hopefully you’ve done a little research online to make your first home buying experience a good one. First of all you should contact a mortgage broker that will preapprove you for your new mortgage. This is now more important than everloan application. The mortgage broker will also run your credit. With all this information in hand the mortgage broker will see if you have enough income for the price of the home that you would like to purchase.
What do you think? Answer below!
Tags: Amp, Bankruptcy, Car Loan, Contact, Credit Cards, difficult, Florida Community, Florida Loan, Home, Home Mortgage Loan, Loan, Loan Application, Loan Broker, Loan Fund, Loan Mortgage, Modular Home, Mortgage, Mortgage Broker, Mortgage Florida, New Mortgage, Search, Stephany, Student Loan
:D: Part 1
Video Rating: 3 / 5
San Diego, CA (PRWEB) September 25, 2006
Home owners considering applying for a construction loan will find many useful tips in the new ebook, “15 Things You Should Know Before You Even Think About Applying For A Construction Loan.” Each year millions of Americans decide their dream home is a newly built residence, often constructed just for them. Maneuvering their way through loans, plans, contractors, government requirements, licenses, and paperwork can often become nothing short of a nightmare.
“Armed with a few important tips, prospective home owners can easily find their way through the maze,” says Rick Gomez of NationwideConstructionLoans.com, who has been in the construction loan business for more than 20 years.
Gomez says the first step is to buy the land your home will go on. “Most people search for building plans first. That can be a mistake. Things will move much faster and you’ll get better loan terms if you go about securing your land first along with a pre-approval for the construction loan,” Gomez said.
While most new home owners approach their bank for a loan, Gomez said a loan broker is a better bet. “Going to your bank for a loan is like going to a Ford dealer to buy a car — all your choices are going to be Fords. A broker has access to many different types of loans from different sources and can tailor the loan to your needs,” Gomez said.
These tips and many more are included in Gomez’s e-book, which explains how new construction loans work. The book has been wildly popular with consumers and is available free for download at http://www.nationwideconstructionloans.com.
“Read through my e-book, and I guarantee you’ll know more than the loan officer when you go in to get your loan,” Gomez said.
NationwideConstructionLoans.com is designed to help consumers find the best construction loans, regardless of where they chose to get their loan. The site also teaches brokers and loan officers how to provide their clients with the best construction loans. Additionally, the site features numerous helpful links to other resources. Prospective home owners also have the option of working with NationwideConstructionLoans.com’s sister company 1st Metropolitan Mortgage.
“Building a new home is definitely the best way to own your dream home. We’re here to make the process as easy and rewarding as possible,” Gomez said.
Potential home owners looking for more information on construction loans should visit www.NationwideConstructionLoans.com or www.CaliforniaConstructionLoans.com.
Contact:
Rick Gomez
619-222-1059
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