Kurt Mitstifer's (kurt_mitstifer) Blog

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Mortgage and Lending - Mitstifer and Sons
RECENT BLOG POSTS
Hey! Did you know that Lawyers, Doctors and CPA's can get 100% financing on owner occupied office condos at great rates! Not only can they get 100% financing on the purchase, but 100% on the build out and on equipment leases! That is amazing just think a brand spanking new facility with new furni...
10/23/2007
With the mortgage melt down what it is, in alot of cases HARD MONEY may be a better option for funding purchases and foreclosure bail outs. If you need to move fast this private money financing can close faster than any other form of funding.-NO FICO SCORING-NO INCOME, ASSETS OR EMPLOYMENT-FAST C...
10/23/2007
I am running into increasing problems with competitors that are offering interest rates that are not possible unless the borrower pays GIGANTIC fees. On the GFE's that are being provided they don't disclose this. At some point during the underwriting or maybe not until the closing either these fe...
10/18/2007
Great news everyone loan amounts from 100K to 2.5M dropped today! Barrowers with 680 plus FICO's going Stated/ Verify and Full Doc can get conforming rates on Jumbos. Restrictions do apply.We may be turning the corner soon on the credit crunch. It seems that lenders are slowly getting back in the...
10/18/2007
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Many people are having problems with Jumbo Loans for two reasons. First, the secondary market is basicly gone. Second, the rates are very high if you find a lender to do them. I have done a lot of research and found lenders that are offering rates at or below conforming rates! If anyone needs my ...
10/17/2007
8 Comments
I just want to say a hearty HELLO! to everyone here at Active Rain! I am sure I know some of you from working in Palm Beach County for the last nine years. I want to give a special thank you to Matt Blum for inviting me to the web site. I can tell you that Matt has been a great friend to me and a...
10/16/2007
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Kurt Mitstifer

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