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Has anybody refinanced their house to get the payment lower or to get equity to use other places?? Like to buy other property or another business??
 

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I do this for a living, I am a mortgage broker in Green Bay. It has been very busy with the prime rate going to 7.5% everyone wants to consolidate their first and seconds. the purchase market has also been very good.

If you have any questions give me a call 1-920-569-4721 my name is Terry
 

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im also a mortgage broker herr in mich, green bay must have a good economy because here in mich purchase bussiness is down, rates keep going up so if your going to refinance you better do it now, dont get a second mtg, refi into just a first, second rates are high.
 

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mxz renegade said:
im also a mortgage broker herr in mich, green bay must have a good economy because here in mich purchase bussiness is down, rates keep going up so if your going to refinance you better do it now, dont get a second mtg, refi into just a first, second rates are high.
[snapback]721277[/snapback]​
I have a cabin in the U.P the week before Christmas we were up there and i met a group from lower MI, closed her refinance last month.
 

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and yes it is wise to use your equity and roll it over into more money, i have personally done this. i purchased many investment properties with the equity in my home and then resold them for a profit, payed my equity loan off and now use the profit i have made from the other properties to buy more properties, takes alot of time and investigating, but pays off well.
 

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ZEEKX said:
mxz renegade said:
im also a mortgage broker herr in mich, green bay must have a good economy because here in mich purchase bussiness is down, rates keep going up so if your going to refinance you better do it now, dont get a second mtg, refi into just a first, second rates are high.
[snapback]721277[/snapback]​
I have a cabin in the U.P the week before Christmas we were up there and i met a group from lower MI, closed her refinance last month.

[snapback]721282[/snapback]​
arnt referals great, i bet it paid for atleast 3 snowmobile trips
 

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I work for Fifth Third, I am sure you know us
Our market in MI sucks. Generous Motors is wrecking our world here. I can help if you want. 616-886-0077. I have been doing this for 20 years so I am sure I can help you make a decission on whether this is right for you.
 

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MotionMan said:
I work for Fifth Third, I am sure you know us
Our market in MI sucks. Generous Motors is wrecking our world here. I can help if you want. 616-886-0077. I have been doing this for 20 years so I am sure I can help you make a decission on whether this is right for you.
[snapback]721310[/snapback]​
I dont know how much it is going to affect us, but here in Green Bay the paper mills have been doing some serious trimming. I haven't seen much of an impact yet.
The construction and purchase market here has been pretty strong, like alot of places i'm sure the out skirts of the city are growing like crazy, lots of spec home sales.
local casino sends some debt consolidations over also.
 

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MotionMan said:
I work for Fifth Third, I am sure you know us
Our market in MI sucks. Generous Motors is wrecking our world here. I can help if you want. 616-886-0077. I have been doing this for 20 years so I am sure I can help you make a decission on whether this is right for you.
[snapback]721310[/snapback]​
hey motion man, i stayed at your place in grand marias last year, hows it going, i hear they have been getting dumped on this week
 

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I am a mortgage broker in Fenton, MI for the last nine years. It certainly has been pretty tough. Our non-conforming market is doing very well, but conforming sucks right now. It just takes a little more hustling, can't get rich hanging by the phone anymore. Any loan officers that are struggling send me a pm we are offering some excellent commission structures right now. Also have warehouse lines of credit set up. Which means instead of making 2 points yield you will make 5 points yield undisclosed with the same interest rates. Money still can be made it just takes a little more work. Tony
 

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acarr said:
I am a mortgage broker in Fenton, MI for the last nine years. It certainly has been pretty tough. Our non-conforming market is doing very well, but conforming sucks right now. It just takes a little more hustling, can't get rich hanging by the phone anymore. Any loan officers that are struggling send me a pm we are offering some excellent commission structures right now. Also have warehouse lines of credit set up. Which means instead of making 2 points yield you will make 5 points yield undisclosed with the same interest rates. Money still can be made it just takes a little more work. Tony
[snapback]721353[/snapback]​
yes 90% of my bussiness is non conforming, but thats where all the bread is. with this economy no one has a down payment, or has lost thier job, poor credit. i hope it turns around come spring market
 

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mxz renegade said:
acarr said:
I am a mortgage broker in Fenton, MI for the last nine years. It certainly has been pretty tough. Our non-conforming market is doing very well, but conforming sucks right now. It just takes a little more hustling, can't get rich hanging by the phone anymore. Any loan officers that are struggling send me a pm we are offering some excellent commission structures right now. Also have warehouse lines of credit set up. Which means instead of making 2 points yield you will make 5 points yield undisclosed with the same interest rates. Money still can be made it just takes a little more work. Tony
[snapback]721353[/snapback]​
yes 90% of my bussiness is non conforming, but thats where all the bread is. with this economy no one has a down payment, or has lost thier job, poor credit. i hope it turns around come spring market
[snapback]721365[/snapback]​
I have a couple of friends that work for the for the sponser of the Pistons, They are drying up becuase their non-conforming is terrible. I sure do like the referrals though.
 

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acarr said:
mxz renegade said:
acarr said:
I am a mortgage broker in Fenton, MI for the last nine years. It certainly has been pretty tough. Our non-conforming market is doing very well, but conforming sucks right now. It just takes a little more hustling, can't get rich hanging by the phone anymore. Any loan officers that are struggling send me a pm we are offering some excellent commission structures right now. Also have warehouse lines of credit set up. Which means instead of making 2 points yield you will make 5 points yield undisclosed with the same interest rates. Money still can be made it just takes a little more work. Tony
[snapback]721353[/snapback]​
yes 90% of my bussiness is non conforming, but thats where all the bread is. with this economy no one has a down payment, or has lost thier job, poor credit. i hope it turns around come spring market
[snapback]721365[/snapback]​
I have a couple of friends that work for the for the sponser of the Pistons, They are drying up becuase their non-conforming is terrible. I sure do like the referrals though.
[snapback]721427[/snapback]​
who do you guys do most of your BC with? it seems like most of the sub prime is getting to be all the same. I do most of mine all with the same 5-6 companys
 

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ZEEKX said:
acarr said:
mxz renegade said:
acarr said:
I am a mortgage broker in Fenton, MI for the last nine years. It certainly has been pretty tough. Our non-conforming market is doing very well, but conforming sucks right now. It just takes a little more hustling, can't get rich hanging by the phone anymore. Any loan officers that are struggling send me a pm we are offering some excellent commission structures right now. Also have warehouse lines of credit set up. Which means instead of making 2 points yield you will make 5 points yield undisclosed with the same interest rates. Money still can be made it just takes a little more work. Tony
[snapback]721353[/snapback]​
yes 90% of my bussiness is non conforming, but thats where all the bread is. with this economy no one has a down payment, or has lost thier job, poor credit. i hope it turns around come spring market
[snapback]721365[/snapback]​
I have a couple of friends that work for the for the sponser of the Pistons, They are drying up becuase their non-conforming is terrible. I sure do like the referrals though.
[snapback]721427[/snapback]​
who do you guys do most of your BC with? it seems like most of the sub prime is getting to be all the same. I do most of mine all with the same 5-6 companys
[snapback]721444[/snapback]​
Sent you a PM
 

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ZEEKX said:
acarr said:
mxz renegade said:
acarr said:
I am a mortgage broker in Fenton, MI for the last nine years. It certainly has been pretty tough. Our non-conforming market is doing very well, but conforming sucks right now. It just takes a little more hustling, can't get rich hanging by the phone anymore. Any loan officers that are struggling send me a pm we are offering some excellent commission structures right now. Also have warehouse lines of credit set up. Which means instead of making 2 points yield you will make 5 points yield undisclosed with the same interest rates. Money still can be made it just takes a little more work. Tony
[snapback]721353[/snapback]​
yes 90% of my bussiness is non conforming, but thats where all the bread is. with this economy no one has a down payment, or has lost thier job, poor credit. i hope it turns around come spring market
[snapback]721365[/snapback]​
I have a couple of friends that work for the for the sponser of the Pistons, They are drying up becuase their non-conforming is terrible. I sure do like the referrals though.
[snapback]721427[/snapback]​
who do you guys do most of your BC with? it seems like most of the sub prime is getting to be all the same. I do most of mine all with the same 5-6 companys
[snapback]721444[/snapback]​
i have over 60 lenders i am sighned up with, but my top leders for bc are
south star (#1), argent, mila, fboa, long beach, first consolidated, first franklin, bnc

south star has some unbeliviable programs 100% option arm, collections or judjment do not have to be paid off no matter how new or old
 

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2BIGJUGS said:
Has anybody refinanced their house to get the payment lower or to get equity to use other places?? Like to buy other property or another business??
[snapback]721254[/snapback]​
Talk to TeamScream...he can help you out in this area as well.
 

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mxz renegade said:
ZEEKX said:
acarr said:
mxz renegade said:
acarr said:
I am a mortgage broker in Fenton, MI for the last nine years. It certainly has been pretty tough. Our non-conforming market is doing very well, but conforming sucks right now. It just takes a little more hustling, can't get rich hanging by the phone anymore. Any loan officers that are struggling send me a pm we are offering some excellent commission structures right now. Also have warehouse lines of credit set up. Which means instead of making 2 points yield you will make 5 points yield undisclosed with the same interest rates. Money still can be made it just takes a little more work. Tony
[snapback]721353[/snapback]​
yes 90% of my bussiness is non conforming, but thats where all the bread is. with this economy no one has a down payment, or has lost thier job, poor credit. i hope it turns around come spring market
[snapback]721365[/snapback]​
I have a couple of friends that work for the for the sponser of the Pistons, They are drying up becuase their non-conforming is terrible. I sure do like the referrals though.
[snapback]721427[/snapback]​
who do you guys do most of your BC with? it seems like most of the sub prime is getting to be all the same. I do most of mine all with the same 5-6 companys
[snapback]721444[/snapback]​
i have over 60 lenders i am sighned up with, but my top leders for bc are
south star (#1), argent, mila, fboa, long beach, first consolidated, first franklin, bnc

south star has some unbeliviable programs 100% option arm, collections or judjment do not have to be paid off no matter how new or old
[snapback]721477[/snapback]​
I see some crazy stuff come through to be refinanced and Homecoming Financial is holding some of the craziest.
 

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I work for Rock Financial, we are the ones that sponsor the Pistons. Alot of people here are struggling due to time in business and not having a big enough pipeline, yes it has slowed a little, and yes our sub prime lending sucks!!!! Our company is set up a little different then most as far as how we conduct business. We spend alot of money educating our bankers to did deep and financially put clients into what truley will meet there goals, also our clients benefit from the service we provide that most other lenders dont seem to do, and we allow the opportunity for our clients to recieve some great benefits from all of the sporting teams we sponsor, and shows that go on at the Rock Financial Showplace. we are affiliated with Quicken Loans, they are our online lending part of the company and are the largest online lenders in the country, Rock is the largest branch system in Michigan. for those of you in Michigan, I also get sick of seeing David Hall's face everywhere.

PM me if you need some options also.
 
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