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Interest rates ?

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Old 02-17-2006, 05:44 PM
  #21
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Default Re: Interest rates ?

Quote:
Originally Posted by Pantera1
Your right ..my girlfriends a mortgage broker and she was looking at someones paperwork last night ..her score was 475 (pretty low) but she said she was going to qualify for that commercial loan.. Weird business thats for sure.. I have 740 score and less than 10% DTI and i was turned down for a second on my house because I had started my business 8-10 months prior.. The lenders have alot of say in whether you qualify and for what rate etc..
One thing is for sure CASH is still KING

475 and is getting a commercial loan???
hmm,, i have a hard time believing that any lender would even consider touching,,
i have been a broker for many yrs and i am wondring what the compensating factors would be for a lender to consider a 475?
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Old 02-17-2006, 05:45 PM
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Default Re: Interest rates ?

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Originally Posted by Loan Ranger
Key's discount is at 720 so a 810 score or a 750 score makes no difference, they both qualify.
I'm sure you are correct today as I am relating history from about a year ago. In the past they also had more than 1 rate sheet as on occasion I got the wrong one faxed to me.

Last edited by Von Bongo; 02-17-2006 at 05:57 PM.
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Old 02-17-2006, 05:45 PM
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Default Re: Interest rates ?

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Originally Posted by scarab600
What is the best rate right now for a go fast over 100k 20yrs exc credit
I am with Key Bank 5.75
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Old 02-17-2006, 05:46 PM
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Default Re: Interest rates ?

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Originally Posted by Jonas
475 and is getting a commercial loan???
hmm,, i have a hard time believing that any lender would even consider touching,,
i have been a broker for many yrs and i am wondring what the compensating factors would be for a lender to consider a 475?
Im pretty sure they have to relinquish there first born child ..
The company she works for is run by bloodsuckers ..
Shes told me some stories and it doesnt sound like ethics have anything to do with the way they do biz
Sort of like credit card co.s'

Last edited by Pantera1; 02-17-2006 at 05:50 PM.
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Old 02-17-2006, 08:46 PM
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