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njtld · Joined: 28 Jan 2008 Posts: 1 1.56 Dollars($)

we are looking to refi 122500 mortgage.property value around 135 to 138.good credit 685 score

michelle · Posted: Mon Jan 28, 2008 6:11 am Post subject:

Welcome to the forum njtld,

While your scores are good, I believe you may have difficulty finding a NINA loan with the loan to value you are seeking.

Is this your primary residence?

Below is a link to community lenders in New York. You may wish to contact one of them or request a mortgage quote (above) to go over your specific situation. If you prefer, please provide more details about your scenario and we will be glad to advise you.

http://www.mortgagefit.com/newyork/index.html

Guest

edited per forum rules - perhaps he uses different IP addresses

michelle · Posted: Mon Jan 28, 2008 7:02 am Post subject:

Marty -

You need to stop soliciting posters. Your continued violation of forum rules is appalling.

livinginnky · Posted: Mon Jan 28, 2008 11:26 am Post subject:

Agreed Michelle,

I will delete all his posts from now on. I think everyone should do the same. As with all of us I think that the website owners here are being more than lenient. They give us all the same opportunity to contribute something useful. And the best thing Mr. Marty can come up with is to call him. I just hope it doesn't work, but I honestly don't think most people are that easily tricked.

gmakerley · Posted: Mon Jan 28, 2008 11:32 am Post subject:

interestingly enough, eric, i had a phone call come in today because of a posting i made earlier. i have no idea which forum it was in, and i have no idea who the person was who called me.

all i know is that it concerned refinancing. i invited this individual to feel free to call me with any other questions, but i neglected to take down his contact information. am i missing the boat? maybe, but i think there is a distinction between the advice we provide here and the ability we might have to turn that advice into profit.

maybe i will kick myself later for having not taken advantage, but i guess it just didn't feel right to solicit the business he was referring to.

and of course, i agree, that if the best advice we can give is "call me" then we need to rethink our reasons for being on this forum to begin with.

gmakerley · Posted: Mon Jan 28, 2008 11:33 am Post subject:

i forgot to mention how complimentary the man was who called me. it was nice to hear that someone appreciates the information provided.

Samantha · Posted: Tue Jan 29, 2008 12:26 am Post subject: RE:

I agree with Eric and all posters..this is something of serious concern now..people like Marty can't be encouraged. I'll pm Sam and see if we can do anything about it.

Aren't he aware that the new guidelines have come on..they should first take a look at it. or do they think they are there just for the sake of it..after all, we try to follow them strictly.

Leaving these aside..Njtld, your credit score seems to be a good one but are you self employed? why do you choose a NINA loan specifically, any reason as such?

chrisburns · Posted: Tue Jan 29, 2008 6:49 am Post subject:

More information is needed to give you a direction.

Is this your primary residence?
Are you self employed or W-2?
How long have you owned the house?
Have you filed taxes if self employed?

sara · Posted: Wed Jan 30, 2008 12:43 am Post subject:

"Have you filed taxes if self employed?"

How does this matter Chris? please clarify..

ckalvesmaki · Posted: Wed Jan 30, 2008 7:30 am Post subject:

Sara.......It matters because even on a stated income loan the lender may ask for a 4506T........which is used to verify that taxes have been filed.

livinginnky · Posted: Wed Jan 30, 2008 10:55 am Post subject:

Yes and with the new laws being enacted in certain states, it is illegal for a lender to do a stated loan without verifying your source of income. I know it doesn't make sense but that is the way it is.

thomascorrao · Posted: Mon Feb 04, 2008 11:09 am Post subject:

Some lenders have a Doc Relief program, and what that means is if the loan fits in a certain parameter.. They won't ask for income documentation.

You might want to give that a try.

shayneroy · Joined: 12 Nov 2007 Posts: 51 21.08 Dollars($)

Considering, you satisfy all the criterion that Chris Burns have mentioned in his previous post, you can try contacting Flagstar for their SIVA program (I just closed on a SIVA file couple of days back, I must tell you Flagstar offers a very good interest rate in that particular program). You might also wanna try contacting Amtrust for their "NIV" program, it's slightly different from the good old NIVA.

Do let us know if we can help you with any thing else

Good Luck!

charlesarmbruster · Posted: Thu Feb 28, 2008 11:31 am Post subject:

Answer: Call a mortgage broker in your Yellow Pages, and don't give up until you speak with someone who will help you -- avoid going to their office by getting your information over the phone and email, and don't pay anybody -- run your free credit report at "www.annualcreditreport.com" -- you'll know who to trust once you 'meet' them. GOOD LUCK!!! And, feel free to post the advice you are geting so we can comment.

[Link deactivated as per forum rules. Thanks.]

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who does refi in ny state/ stated income or nina loans