» Matching Tags for 2ND MORTGAGE
2nd Mortgae Lenders, Wholesale (Members)
Hello, I have a borrower with a credit score at about 690, BK about 4 years ago, and is looking for a 2nd mortgage for about $25-50K. CLTV would be under 80%. Solid file (outside of BK). Any lender
https://forum.brokeroutpost.com/loans/forum/2/334531.htm (Replies: 0)
Related tags: [2nd mortgage, lenders, wholesale]
Stand Alone 2nds (Members)
Does anyone know any wholesale lender that will work with mortgage brokers to originate stand alone 2nd mortgages such as HELOC, home equity etc...?
https://forum.brokeroutpost.com/loans/forum/2/328063.htm (Replies: 2)
Related tags: [heloc, 2nd mortgage]
Wholesale Stand Alone 2nd mortgages (Members)
Just curious if anyone has any good contacts for wholesale 2nds. Occasionally I have borrowers request 2nd mortgages or Helocs and I hate to turn the business away... any thoughts?
https://forum.brokeroutpost.com/loans/forum/2/326987.htm (Replies: 1)
Related tags: [2nd mortgage]
Purchase money 2nd MTG Needed (Members)
Can someone recommend a lender that will close my 2nd Mortgage Simultaneously with my 1st mortgage that I've already secured?
$710,000 Purchase price
$417,000 1st M
https://forum.brokeroutpost.com/loans/forum/2/321348.htm (Replies: 4)
Related tags: [2nd mortgage, heloc, purchase]
HELOCs and HARD MONEY 2nds...WHO DOES IT (Members)
Who is doing HELOCS...wholesale?
Hard Money 2nds?
Anybody? Anybody? Everyones help is appreciated.
https://forum.brokeroutpost.com/loans/forum/2/320731.htm (Replies: 8)
Related tags: [heloc, hard money 2nd, seconds, 2nd mortgages]
Conventional Second mortgages (Members)
I heard US Bank is doing these now for high qualified borrowers. Any other recommendations or suggestions?
https://forum.brokeroutpost.com/loans/forum/2/319552.htm (Replies: 1)
Related tags: [california, 2nd mortgages, conventional]
Heloc using full appraisal instead of desktop? (Members)
I am trying to help a client get a heloc in 2nd position and having issues. They applied at Wells Fargo but were denied due to not enough equity. Desktop stated $508k value but full appraisal was do
https://forum.brokeroutpost.com/loans/forum/2/319386.htm (Replies: 1)
Related tags: [heloc, 2nd mortgage, equity line, ]
Debt Consolidation 2nd TD sought (Members)
I have a California client with a 740 FICO who has just 4 years left on his 1st TD. He has a $57K 2nd TD (@6.5%) and $43K in credit card debt. He would like a new $100K 2nd TD whereby he would consoli
https://forum.brokeroutpost.com/loans/forum/2/318257.htm (Replies: 3)
Related tags: [2nd mortgage, heloc, debt consolidation]
2nd Mortgage (Heloc) Needed for LA Borrower (Members)
I have a borrower that needs a 2nd mortgage (HELOC) that will go behind a first that we will be providing (Merrill Lynch). The borrower's Fico is 690. He has around $165k in reserves. CLT
https://forum.brokeroutpost.com/loans/forum/2/308403.htm (Replies: 1)
Related tags: [2nd mortgage (heloc) needed for la borrower]
IL Purchase 2nd HELP- urgent, deal ready! (Members)
I need help getting a purchase 2nd behind an FHA 1st up to 90%CLTV. FHA first is 410k, 2nd is 205k.
-Property is SF in Orland Park, Cook County
-MID Fico is 795
-Ratios 43 53
https://forum.brokeroutpost.com/loans/forum/2/304104.htm (Replies: 8)
Related tags: [2nd, heloc, purchase, purchase 2nd, 2nd mortgage]
California 2nd Hard Money Construction Loan (Members)
New construction, sfr property in Trinity Center, CA - Northern Calif..
As is value is $200,000 - Has a 1st mortgage for $103,000 , wants a $50,000
net loan to finish interior construction - (sheet
https://forum.brokeroutpost.com/loans/forum/2/291479.htm (Replies: 3)
Related tags: [2nd mortgage construction rehab loan]
100% CLTV 2nd or HELOC in California? (Members)
Does this actually exist? Primary, SFR, within conforming limits, just wondering what lenders still do up to 100% financing heloc's or fixed 2nd's for a client looking to do home additions. Thanks!
https://forum.brokeroutpost.com/loans/forum/2/290790.htm (Replies: 8)
Related tags: [100% cltv, 100% ltv, heloc, 2nd mortgage]
Gap funding (Members)
I have a multifamily property that is selling for $1.3 mm. There were 3 investors who were joint purchasing but one of them walked and the other 2 are short $97,000 for the down payment.
https://forum.brokeroutpost.com/loans/forum/2/290662.htm (Replies: 0)
Related tags: [2nd mortgages]
2nd Mortgage Principal Reduction Only? (Members)
Does anyone know if it's possible to get a principal reduction on a second mortgage with on-time payment history but upside down?
I have client with the following situation:
1st mtg = $120K
https://forum.brokeroutpost.com/loans/forum/2/284834.htm (Replies: 2)
Related tags: [modification, 2nd mortgage, heloc]
2nds to 85% or 90% - Minnesota (Members)
Anyone know someone doing 2nd's to 85% or 90% with these kind of scores?
https://forum.brokeroutpost.com/loans/forum/2/279872.htm (Replies: 1)
Related tags: [2nd mortgage, minnesota]
689 mid score (Members)
I am trying to figure how far 2nds are going up to in cltv.
https://forum.brokeroutpost.com/loans/forum/2/278392.htm (Replies: 1)
Related tags: [2nd mortgage cltv 95%]
732 FICO - 25% LTV - Primary Res -Need $150,000 (Members)
Hey team, I used to be a broker back in the day, but now I work for Chase. I have a client that needs a $150,000k equity line but doesn't want to wait for our 90 day processing timeliine. Here are t
https://forum.brokeroutpost.com/loans/forum/2/268303.htm (Replies: 3)
Related tags: [heloc, refinance, 2nd mortgage]
Charged off 2nd Mortgage (Members)
Ok, here is one for you. Client has a 400k 1st, and a 200k 2nd. I couldn't refi since the home was worth 600k. So they went to a Loan Mod company. The 2nd started Foreclosure process, then two week
https://forum.brokeroutpost.com/loans/forum/2/267538.htm (Replies: 22)
Related tags: [2nd mortgage, loan mod, charge off]
2nd Mortgage in FL SFR? (Members)
Anyone knows any lender that can provide a 10% 2nd mortgage to purchase:
- Central Florida
- SFR, purchase price under $250k, Primary Residence
- Full Doc, strong assets, stable employment
https://forum.brokeroutpost.com/loans/forum/2/265969.htm (Replies: 3)
Related tags: [2nd mortgage, second mortgage, florida, florida]
loan mod question..citi (Members)
Need some help..
I have a friend that has been working on his personal loan mods. (1st and 2nd) Both of the loans were for the purchase of the home (primary residence). He is about 5 months down an
https://forum.brokeroutpost.com/loans/forum/2/264622.htm (Replies: 7)
Related tags: [citi, loan mod, 2nd mortgage]
2nd Lien needed to 75% CLTV (Members)
I am looking for a bank who can do a 2nd lien of $170,000 behind a Wells Fargo approved 1st lien of $561,000 (agency high balance). LTV on the second is 17.4% and CLTV is 75%. Borrower is SE for 2 yrs
https://forum.brokeroutpost.com/loans/forum/2/260473.htm (Replies: 1)
Related tags: [2nd mortgage, 2nd lien, 75% cltv]
Free Deal to Broker in CO (Members)
Anyone set up with US Bank? I have a deal that is in Colorado that needs to go 90% on a second mortgage. I think US bank goes this high but not sure. I am doing the first and you can close the second
https://forum.brokeroutpost.com/loans/forum/2/256754.htm (Replies: 2)
Related tags: [2nd mortgage, heloc, us bank]
2nd Mortgage to 90% CLTV (Members)
I have a borrower with a 680 midscore and I need a 2nd to 90% CLTV, prefer a HELOC.
OO Full Doc
R&T $195k loan amount
90% CLTV 680 midscore
https://forum.brokeroutpost.com/loans/forum/2/251600.htm (Replies: 1)
Related tags: [oregon, heloc, 2nd mortgage]
Short Sale Question (Members)
I have a client who wants to buy a property from his brother-in-law as a short sale. The brother in law owes 250K (Indymac)on the first and 70K (Citibank) on the second. The property is now worth abou
https://forum.brokeroutpost.com/loans/forum/2/251325.htm (Replies: 2)
Related tags: [2nd mortgage, short sale, ]
Second Mortgage (Members)
I am looking for a company that would do a 200k+ second to 85% CLTV in AZ (720+ FICO Full Doc 417k 1st 100k down) ? I am trying to break up a jumbo to a conforming 1st and 2nd. I know
https://forum.brokeroutpost.com/loans/forum/2/247344.htm (Replies: 0)
Related tags: [2nd mortgage / split jumbo]
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