All Forum Posts by: Fred Shatzoff

Talk to your loan officer. 

Sba is for businesses has nothing to do with mortgages. Business are in trouble and need money.  Are you against helping businesses. 

If you are looking for mortgage help call your lender. 

You can not change the bill that was passed.  If you don't like contact your senator or congressman 

Very simple what happens if you loose your job or something goes wrong with the property.  There is an old saying borrow money when you don't need it.  Because when you need you may not be able to get it.

@Douglas Gratz  I have no idea where rates will be in the future everything is day to day to day.

Take as much as you can.  You may need do it now before things change m

If they don't qualify put house back on market or wait. You may have to pay the private lender.  They may foreclose.  Call them and ask. You don't ask you don't know.  Nobody else can give you a better answer. We are all in the same situation.  Best of luck. 

Are you the saying the person who is getting the loan and I am assuming it is you.  The lender are you going through wants proof of employment.

Furthermore if you owe the lender you are not going to pay them or they foreclose.  Call them and ask.

It is not clear to me what you are asking.  Looks like 2 questions.

Additionally you may not be able to close on the fix and flip loan.  Guidelines are changing daily if not a couple of times a day.  I had some loans completely blow up deals are dead.  Please in clear in what you are asking.

Lender changed guideline have all docs.  They were 90% of cost.  Investor has the assets has done 3 loans has rental properties.   This is a good deal.  Purchase Price $67,000, $84,675 Appraisal is $205,000.  Need help ASAP.   This is a fix and flip loan

@Account Closed  You should talk to a lender to learn about financing.

Good advise.  The lenders need to protect themselves as well as the investors.  Just focus on getting your loans that are in process as quickly as possible.  This is beyond our control.