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12-03-2008, 10:34 PM
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Location: Boca Raton, FL
6,630 posts, read 10,553,255 times
Reputation: 10015
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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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12-04-2008, 09:54 AM
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Location: Spring Hill, Florida
58 posts, read 194,450 times
Reputation: 18
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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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12-04-2008, 01:17 PM
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Location: Fort Myers, FL
1,286 posts, read 2,829,811 times
Reputation: 249
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Quote:
Originally Posted by Keith G
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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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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12-08-2008, 08:36 PM
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Location: Plano, Texas
1,675 posts, read 6,859,243 times
Reputation: 697
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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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