try Wells and a Broker so you know Wells has the availabilty to broker out as well. I tried the guy above Brian Scott Cohen as Well his service was insane, but he could not do our loan, but definitely recommend him. We needed no income verification on a 4 family Jumbo...He may help you 718 n780 9132 or cell 646 584 8009

Posted by: VfromR at July 15, 2008 10:35 PM in response to Financing? How do you do it?

Take a look somewhere else. Wells and that Brian scott cohen closed my loan in 15 days. Anyway, bankrate has rates that are not amrket rates they are a week old and go by national avergaes. Try the major banks or a broker, but a broker has to go to the bank anyway go direct..Next time if you like the rate lock it try wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:43 PM in response to Mortgage Brokers

what is not warrantable about it? WWho is telling you this? If it is in Brooklyn try and speaki to a mortgage expert try the guy we dealt with brian from Wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:46 PM in response to Non warrantable condos and mortgage approval

what is not warrantable about it? Who is telling you this? If it is in Brooklyn try and speaki to a mortgage expert try the guy we dealt with brian from Wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:46 PM in response to Non warrantable condos and mortgage approval

what is not warrantable about it? Who is telling you this? If it is in Brooklyn try and speaki to a mortgage expert try the guy we dealt with brian from Wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:46 PM in response to Non warrantable condos and mortgage approval

what is not warrantable about it? Who is telling you this? If it is in Brooklyn try and speaki to a mortgage expert try the guy we dealt with brian from Wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:46 PM in response to Non warrantable condos and mortgage approval

what is not warrantable about it? Who is telling you this? If it is in Brooklyn try and speaki to a mortgage expert try the guy we dealt with brian from Wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:46 PM in response to Non warrantable condos and mortgage approval

what is not warrantable about it? Who is telling you this? If it is in Brooklyn try and speaki to a mortgage expert try the guy we dealt with brian from Wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:46 PM in response to Non warrantable condos and mortgage approval

what is not warrantable about it? Who is telling you this? If it is in Brooklyn try and speaki to a mortgage expert try the guy we dealt with brian from Wells 718 780 9132

Posted by: VfromR at July 15, 2008 10:46 PM in response to Non warrantable condos and mortgage approval

He wasn't sitting on our originals but we did pay a fee and he did have everything in a file that he could have flipping walked over to the bank had he chosen to. We had to spend a lot of time at the copier preparing another application.

Though ... we did give him originals, originally. We sat down with him turned over the originals and he was like "my copier is really slow. instead of making you wait I'll fed ex these to you." He did FedEx them (he's not a scoundrel at all) but if I had it to do over we would have shown up at his office with originals and copies side by side. Hopefully, I won't have to do this over!

I'll let you all know how it plays out.

Posted by: amanda at July 16, 2008 9:17 AM in response to Mortgage Brokers

I just got a construction loan. T loan to value was 50%. I pay nterest only on what is used for 12 months at 4.5%. After 12 months it can go permanent or be paid off. I got it through Merrill and Mortgage Family.

Posted by: superstooper at July 16, 2008 9:35 AM in response to Financing? How do you do it?

I just got a construction loan. The loan to value was 50%. I pay interest only on what is used for 12 months at 4.5%. After 12 months it can go permanent or be paid off. I got it through Merrill and Mortgage Family.

Posted by: superstooper at July 16, 2008 9:35 AM in response to Financing? How do you do it?

Here is a contact at Wells Fargo per the mortgage + renovation loan package:

Marsha Morency
Home Mortgage Consultant
Renovation Specialist
Wells Fargo Home Mortgage
M6534-031
75-20 Astoria Blvd., Suite 130
East Elmhurst, New York 11370
718-310-4343 Tel
866-201-5006 Fax
marsha.morency@wellsfargo.com

Posted by: el_salar at July 17, 2008 5:03 PM in response to Financing? How do you do it?

Just stay away from Alphonso Gill at Wells Fargo - he has a horrible reputation.

Check out 203k loans, they are purchase + reno loans and could be what Wells Fargo offers. These I believe are FHA loans.

Posted by: bedstuytownhouse at July 19, 2008 6:31 PM in response to Financing? How do you do it?

The post who recommended Marhsa Morency at Wells Fargo obviously has not had contact with her.
She does not know what she is talking about. Seems inexperienced and made comments I knew to be wrong as I have been through the process and was looking to refinance.
Would not be my first, second or third choice...not any choice.

Posted by: liaCh at July 27, 2008 4:32 PM in response to Financing? How do you do it?

We filed an application directly with the bank and had it approved in 10 business days. Appraised, the whole nine yards.

And, yup: at a much lower rate than our broker was coming up with.

Posted by: amanda at August 1, 2008 5:48 PM in response to Mortgage Brokers