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Old 12-03-2008, 11:34 PM
 
Location: Boca Raton, FL
5,818 posts, read 9,463,825 times
Reputation: 7820

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I knew if the rates fell to the 5.00% area, there would be interest. Last Friday after Thanksgiving, 2 purchase deals came in. Both are closing next week. They got off the fence b/c of the rates.

I contacted both on the 25th, told them rates were improving and 2 good deals being done!

How are you finding it your area?

(My area: South Florida) - Broward County, Palm Beach County

Fort Lauderdale to West Palm Beach mostly
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Old 12-04-2008, 10:54 AM
 
Location: Spring Hill, Florida
58 posts, read 189,552 times
Reputation: 18
Bette,

I'm in Tampa and yes a spurt but mostly by 550-600 fico's, nothing unusual about that. My problem right now is I'm looking for a construction to perm loan for a borrower who insists on building on his lot and am coming up short. Only one taker a company out of Michigan, aptly named the Construction Loan Company, CLC, ever heard of them? Do you know of any lenders doing C.L. to perm. in Florida?

Keith G.
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Old 12-04-2008, 02:17 PM
 
Location: Fort Myers, FL
1,286 posts, read 2,723,760 times
Reputation: 249
Quote:
Originally Posted by Keith G View Post
Bette,

I'm in Tampa and yes a spurt but mostly by 550-600 fico's, nothing unusual about that. My problem right now is I'm looking for a construction to perm loan for a borrower who insists on building on his lot and am coming up short. Only one taker a company out of Michigan, aptly named the Construction Loan Company, CLC, ever heard of them? Do you know of any lenders doing C.L. to perm. in Florida?

Keith G.
ya they are in howell, mi. i used to live here till i moved here, lol. ive used them for a few clients, years ago mind you. i don't think florida allows home owners to build without a license like michigan does. i would check in on that.
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Old 12-08-2008, 09:36 PM
 
Location: Plano, Texas
1,675 posts, read 6,659,903 times
Reputation: 694
I am having a huge influx of deals. for the last few months i have contacted past clients to inform them that i felt rates would be dropping. Once rates dropped, i just called my clients to inform them and they were ready to go. I think last week i send almost 10 loans into processing and i still have many other clients to contact. We should be set for many months of low rates with rates probably getting a little better in 2009.
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