Article View: misc.consumers.house
Article #5800Re: first lien home equity line of credit
From: Saunam Bhattacharjee
Date: Sat, 12 Apr 2003 23:14
Date: Sat, 12 Apr 2003 23:14
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2646 bytes
Hi Mehl, I am not sure if Andrew was talking about wholesale or retail origination, but Wamu really got a bad name when it comes to getting files closed in the wholesale channels. Brokers usually wait for 10 days after submission of a file (here in Florida) before the file gets to underwriting. I would shop with World Savings and see if they offer the same product (under a different name!). Chances are that they do..and their service is superb (in my experience). Hope this helps, Saunam "L Mehl" <mehl@cyvest.com> wrote in message news:lBDla.19443$ey1.1664174@newsread1.prod.itd.earthlink.net... > Hello -- > > Washington Mutual in northern California offers this product, which is > essentially a first mortgage combined with a home equity line of credit. > > Rate is based on Wall Street Journal Prime rate with a margin of -.50 to > +1.10. > > Do readers have any comments or experience with this type of loan? > > I will appreciate any thoughts. > > Larry Mehl > mehl@cyvest.com > > > > >
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 107518,4265b37bc48f6a8c X-Google-Attributes: gid107518,public X-Google-Thread: 10f73f,4265b37bc48f6a8c X-Google-Attributes: gid10f73f,public X-Google-Thread: 10a57b,4265b37bc48f6a8c X-Google-Attributes: gid10a57b,public X-Google-Thread: 10db0a,4265b37bc48f6a8c X-Google-Attributes: gid10db0a,public X-Google-Thread: 106595,4265b37bc48f6a8c X-Google-Attributes: gid106595,public X-Google-ArrivalTime: 2003-04-12 16:14:54 PST Path: arc1-ca.pugleaf.net!archiver1.google.com!news1.google.com!newsfeed.stanford.edu!news.uchicago.edu!newsfeed.cs.wisc.edu!144.212.100.101.MISMATCH!newsfeed!wn13feed!worldnet.att.net!24.30.200.11!news-east.rr.com!news-west.rr.com!cyclone.tampabay.rr.com!news-post.tampabay.rr.com!twister.tampabay.rr.com.POSTED!53ab2750!not-for-mail From: "Saunam Bhattacharjee" <one@tampabay.rr.com> Newsgroups: misc.consumers.house,alt.org.natl-assn-mortgage-brokers,alt.consumers,ba.consumers,misc.consumers References: <lBDla.19443$ey1.1664174@newsread1.prod.itd.earthlink.net> Subject: Re: first lien home equity line of credit Lines: 39 X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 5.50.4133.2400 X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4133.2400 Message-ID: <N51ma.33281$D15.706238@twister.tampabay.rr.com> Date: Sat, 12 Apr 2003 23:14:53 GMT NNTP-Posting-Host: 67.8.104.161 X-Complaints-To: abuse@rr.com X-Trace: twister.tampabay.rr.com 1050189293 67.8.104.161 (Sat, 12 Apr 2003 19:14:53 EDT) NNTP-Posting-Date: Sat, 12 Apr 2003 19:14:53 EDT Organization: RoadRunner - Tampa Bay