Thinking of getting a mortgage? Start Here

gmakerley · Posted: Tue May 26, 2009 7:40 am Post subject:

manoj, once again: HUH?
lenders paying to sellers in installments? what kind of planet is this happening on? seriously, now, if you have no idea what the topic is about and have no idea how to answer a question, please refrain from using your imagination and coming up with off-the-wall answers. it truly does a disservice to all those who are serious in their quest for real information.

thank you in advance for being attentive to this plea.

eric1 · Posted: Thu May 28, 2009 6:28 pm Post subject:

George,

I think you are wasting your time trying to talk sense into him. His post will have to go into the Mortgagefit hall of fame under the "Incoherent" category. I may have to delete posts that are absolutely ridiculous. Posts like that are not good for the credibility of this site.

gmakerley · Posted: Fri May 29, 2009 7:42 am Post subject:

you are completely correct in that assessment, eric. and as much as they may dislike it, the posters who are inherently incoherent need to have their posts deleted.

manoj_gopale · Joined: 16 Feb 2009 Posts: 481 0.49 Dollars($)

gmakerley · Posted: Fri May 29, 2009 12:07 pm Post subject:

you won't find anyone lending 100%, i suspect. in fact, construction lending in this environment has practically disappeared from view. the company i was with until mid-2008 eliminated the entire construction lending area early last year. lenders simply feel there is too much risk to get into that type of financing nowadays. will it ever come back? sure, my guess is that it will. but that will be in the future, long after we've seen a real recovery in our housing markets and the economy in general.

i now understand much better - i guess it was your terminology that threw me, especially inasmuch as "sellers" are not going to be involved in multiple disbursements of funds.

Posted: Sat Jun 20, 2009 7:35 am Post subject:

it is buyer who decided which type loan he/she want.
he/she decided that what would like to mortgage?

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.77 Dollars($)

Thats correct to a cretain extend.

Thetype of loan is decided by the buyer, if they have good financial history and they have been responsible with thier credit.

If not their fincial situation will dictate what type of loan they cna go with and the lender will guide them based on thier situation

Good luck and feel free to ask

gmakerley · Posted: Mon Jun 22, 2009 12:00 pm Post subject:

yes...and of course borrowers will think that a particular type of loan is available and they may not qualify for it...all sorts of scenarios in which a lender must advise and choose the appropriate product.

ob_soumetho · Joined: 31 Aug 2009 Posts: 1 1.24 Dollars($)

my name is chinda soumetho i would like to know if i can get a loan from you cause i am a first home buyer

gmakerley · Posted: Tue Sep 01, 2009 10:57 am Post subject:

chinda, in order for anyone to answer your question, you will have to provide a great deal more detail. where are thinking of buying? where do you reside currently? where do you work? how much do you make? what kind of assets do you to have to use in purchasing? do you know how your credit is?

with all that, and more, we can reasonably assess your chances of obtaining a mortgage to purchase property. based on what you've given us so far, we cannot do much of anything in that regard.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

check this section

http://www.mortgagefit.com/lenders/dir/

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