All Forum Posts by: Charlie Fitzgerald

TRID....new disclosures will replace the Good Faith Estimate and TIL at the beginning of the transaction, and another new disclosure will replace the HUD-1 Settlement Statement. New timelines will go into effect for borrowers to indicate their "intent to proceed" with the transaction. Fee tolerances are tighter, and in general, the entire lending process will be a bit more complex. Borrowers will be confused and lenders that have not proactively prepared for the changes and transitioned their internal operations flows to accommodate the changes, will find themselves in deep doo-doo. That's it in a nutshell.

Talk to a Mortgage Broker and get an FHA loan. You might compare their rates and fees with a credit union on an FHA loan.

Call Tuesday...Monday is a Holiday.  :)

Go to a credit union with this.

Great Article. 

This could be for a serving center then...but they still have branches in Indiana...

Review & Rate

No.   Farmers and merchant's Bank has offices Indy too.  Most credit Unions won't mind either.

As Wayne says...no difference in qualifying purchase v refinance...a mortgage is a mortgage.  If you can qualify for the purchase loan, do that versus spending your cash  and refinancing later.  I would also go to a credit union or small community bank (Farmers and Merchants) vs. a big box institution with this.  The loan size is well within their wheelhouse and they will be more inclined to work hard to make it happen for both of you.

I'd do this all day long in FL, TX, CO, WA, OR, CA, or AZ!!!

Good luck.  When you get this one finished, start looking in the states above and I'll be happy to fund anything like this.

I mean that your risk is spread, not less.  You can have 3-4 deals going at one time with a private money lender in them with you.  So if you have a hiccup on 1...or even 2...you're still moving...for me, it's about velocity of money...as a Private Money Lender, we make money with money...you can too...Shoot me an email and I'll send you some info.