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looking for a lender that works with investors

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ksanchez69

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0.10 Dollars($)

PostPosted: Tue Jun 17, 2008 8:39 am    Post subject: looking for a lender that works with investors

Owns more than 10 houses, I also have a client that owns more than 20 properties looking to refinance their investment homes some cash out some rate and term. 70-75% ltv, self employed family business. 700+ credit
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Philip Lafond

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0.10 Dollars($)

PostPosted: Tue Jun 17, 2008 10:16 am    Post subject: Investor

I can take a look.. Wachovia's Portfolio has a program for them. Call me

954-258-7593
 
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Icon Mini Profile charlesarmbruster
charles.armbruster
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Joined: 12 Oct 2006

Posts: 166
Location: Mesa, AZ


43.25 Dollars($)

PostPosted: Tue Jun 17, 2008 3:05 pm    Post subject:

I'll make the same offer, as a broker for Wachovia's portfolio products, formerly World Mortgage -- they have no limit as to properties owned, but the applicant should be a 'rock star' when it comes to his own 'portfolio.'

Feel free to private message me if you'd like me to take look for you.

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Chuck Armbruster
Phoenix, AZ
 
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Icon Mini Profile Jeanette
Jeanette
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Joined: 19 Oct 2007

Posts: 121
Location: 760 Lynhaven Parkway, suite 140 Virginia Beach, Virginia


36.28 Dollars($)

PostPosted: Tue Jun 17, 2008 4:57 pm    Post subject:

Mr. Sanchez,

There several lenders in our community that you can choose from and who can offer you a realistic quote. Please click on the link below to get the quote for an investor as yourself.

http://www.mortgagefit.com/quote/


Thanks,
Jeanette Smith
Mortgage Planner
Union Mortgage Group

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Icon Mini Profile charlesarmbruster
charles.armbruster
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Joined: 12 Oct 2006

Posts: 166
Location: Mesa, AZ


43.25 Dollars($)

PostPosted: Wed Jun 18, 2008 10:29 am    Post subject:

The rep is correct, but I believe the number is now 6 properties with WACHOVIA. However, when WACHOVIA bought WORLD BANK and their portfolio mortgage business a year ago, they kept the portfolio business intact -- this means that the portfolio division does not resell the asset they write in residential mortgages, so they can name their own underwriting guidelines -- Florida properties included.

I'm happy to discuss this further with you. Or, you can go back to your retail rep -- maybe he cannot offer the portfolio products 'over-the-counter.'

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Chuck Armbruster
Phoenix, AZ
 
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Icon Mini Profile charlesarmbruster
charles.armbruster
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Joined: 12 Oct 2006

Posts: 166
Location: Mesa, AZ


43.25 Dollars($)

PostPosted: Wed Jun 18, 2008 11:05 am    Post subject:

ksanchez69

I cannot respond to your private messages, since you haven't signed-in to the community -- you have no "PM" button on your posts. If you do so, we can talk on-line. Otherwise, you can email directly.

My phone is 480-785-6634

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Chuck Armbruster
Phoenix, AZ
 
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