All Forum Posts by: Karlyn Brasselmon

@Matthew Teter thank you for your feedback that was great. Still working on getting in the game. Now currently looking for HML that will lend to a first time rehabber. someone gave me a suggestion to joint venture with someone. I think I may try that. Thanks,

@David Dachtera yes, not a lot of room there because she has the deferred interest due to the loan modification.

I just checked her date of birth and she isn't old enough yet. Right now I am attempting to combine both loans but the borrower's don't have that much money. Due to the excess interest and the value coming in a little low, she has to bring in $4100.00. Their kids are thinking about letting them borrow the money but I told them they cannot get credit to close the loan.

@Jay Hinrichs you know what that is a great idea. No they are not! It is insane. I will speak to her about that. Thank you

@David Dachtera Hey.

 The 1st mortgage interest rate jumped to 9% and the 2nd mortgage to 15%. yes the monthly payment went up.

the total loan balance is 69,900k. The value of the home is 83k

Hi I am not really sure if I am posting in the right area but I have a client who is currently coming out of a loan modification. Her mortgage has DOUBLED. The borrower cannot refinance because her loan to value cannot exceed 85% on an FHA loan cash out and its having her bring in 4k. There is a 1st and 2 nd mortgage with the same company. I am needing help to see, if there are any companies out there. Private or what not, who would purchase her home then she pay them for the mortgage every month? I know this is not a relatable real estate question but I am also a loan officer and I don't want this older lady to lose her home. please help with whatever info you can.

congratulations @Maricela Chavez

@Chris T.okay thank you

Thank you that is good idea. @Chris T.how do I figure out who is recent?

Good afternoon,

I have so many questions but I won't boggle you down with them all. Last year I paid $500 per month for a real estate coach but was unsuccessful in gaining any business in the wholesale real estate market. I am really anxious to start investing so I can own my own time one day. Honestly I just don't know where to start.

Also, I am a new loan originator but I have been in the mortgage business for over 13 years as a processor and closer. I am trying to build my network and was wondering if you all had suggestions on building business in general. I know that networking is key but I am needing some key features that can boost my real estate contacts. I know this is not a mortgage website just though I would ask.

thank you for your help.

 Thank you! I am not giving him another penny!