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peacesun69 · Joined: 12 Apr 2008 Posts: 2 1.81 Dollars($)

I am wondering if equifirst corpration is safe to get a mortgage loan? is non conforming loans safe? Thanks.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi peacesun,

Welcome to the forum.

I have not yet dealt with EquiFirst Corporation. BTW to get approved for non-conforming loans, your credit score should be very good, at least over 680 and it will be better if your credit score is more than 700 points. Your credit history should be very good. Even you may require to pay 20 percent of down payment.

To9 know more about non conforming loans check out this article at http://www.mortgagefit.com/jumbo-loan.html

Feel free to ask if you have any further questions

Best of luck,
Larry

Niicss · Posted: Mon Apr 14, 2008 5:28 am Post subject:

Welcome peacesun,

Non conforming loans are good options but you need to check whether you can afford it or not? Before going for non conforming loans make a list of your assets and your debts and then decide how much can you afford. If you cannot afford then better not going for it now as the home price is decreasing.

Let me know if you have any further queries.

jbarto65 · Joined: 04 Nov 2007 Posts: 626 -0.11 Dollars($)

I have never heard of the company myself, hopefully someone that deals with them will come along soon and advise you on what to watch out for and how the company handles things. Goodluck in your goals, hope you get what ever it is that you are seeking. Keep us updated. Very Happy

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