So I just got denied a loan for a home...

Dolla$

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mothafukk capital one, shyt feel like a punch to my gut right now. Apparently they feel I don't have enough liquid right now to put down for a crib and they tripping off a late payment I had in December. Was really forward to that approval so I can get one of these new houses being built in my area by spring/summer.

What ha think I should do?

Stack more bread than go to Another bank in a few months and try again?

Deadline for me to try to get one of these houses is October. 9 of them being built with 3 being ready in a few months
 

ill

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mothafukk capital one, shyt feel like a punch to my gut right now. Apparently they feel I don't have enough liquid right now to put down for a crib and they tripping off a late payment I had in December. Was really forward to that approval so I can get one of these new houses being built in my area by spring/summer.

What ha think I should do?

Stack more bread than go to Another bank in a few months and try again?

Deadline for me to try to get one of these houses is October. 9 of them being built with 3 being ready in a few months

Check other lenders. You can get pre-approved through many online outlets. Local banks are typically more strict with their lending practices. Online companies have less risk so they go out on the limb for you a bit more.
 

Kritic

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mothafukk capital one, shyt feel like a punch to my gut right now. Apparently they feel I don't have enough liquid right now to put down for a crib and they tripping off a late payment I had in December. Was really forward to that approval so I can get one of these new houses being built in my area by spring/summer.

What ha think I should do?

Stack more bread than go to Another bank in a few months and try again?

Deadline for me to try to get one of these houses is October. 9 of them being built with 3 being ready in a few months
http://www.freeloan.org/

Where are you located? Please check out our website to find the nearest location

The saga of Los Angeles Clippers owner Donald Sterling took yet another bizarre turn when he went on national television this week and started touting the virtues of Jewish mutual aid organizations.

In a CNN interview that aired Monday night, Sterling’s attempt to apologize for the inflammatory racial remarks that may cost him his team veered into a tirade against Magic Johnson. The Jewish tyc00n argued that the basketball legend, who has a charitable foundation that addresses HIV/AIDS issues, is insufficiently philanthropic, and Sterling invoked the tradition of Jewish free loan associations to make his point.

“What does he do for the black people? He doesn’t do anything. The Jewish people have a company, and it’s for people who want to borrow money at no interest,” Sterling told CNN’s Anderson Cooper. “They want to give them a fishing pole. We want to help people. If they don’t have the money, we’ll loan it to you. You don’t have interest. One day you’ll pay us back.”

Earlier in the interview, during another attack on Johnson, Sterling said, “Jews, when they get successful, they will help their people. And some of the African-Americans – maybe I’ll get in trouble again – they don’t want to help anybody.”

What Sterling was describing – and thrusting rather uncomfortably into the media glare – is a more than century-old communal institution that has helped both Jews and non-Jews with interest-free loans.

His words were not exactly welcome news to the professionals who run these organizations.

“I’m sorry that he mentioned us,” said Cindy Rogoway, executive director of the Hebrew Free Loan Association of San Francisco and vice president of the International Association of Jewish Free Loans. “I just think he’s a disgrace to himself.”

Read more: http://forward.com/articles/198298/...-unwelcome-light-on-jewi/?p=all#ixzz3UmjEBT3N


say you know @Ill
 
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theworldismine13

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Should have joined the military and got a va loan:win:

But anyways, if you had a late in December that's kinda like a big a deal, you need 1 year of clean credit

Capital one gives anybody a credit card but their mortgage business is something they brought from ING, Ing is was european and they were pretty strict, you may want to try shadier mortgage players on the Internet who have looser rules
 
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Dolla$

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why would you even get a home loan from capital one? find another lender, you'll figure it out, get an fha loan if you have a difficult time.

They are one of the three banks that offer the best according mortgage packages according to the program I am trying to get the houses through

@Dolla$ Check what @88m3 is saying. FHA loans only require 3% cash down from what I remember. That should help with the capital requirements.

Issue is not the deposit but they felt that I didn't have enough to cover closing costs as well
 

Dolla$

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How does the free loan thing work?
 

Dolla$

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Ugh you buying a home in Jersey???? :scusthov:

Man take your money down south. Paying all that money for a tiny house in Jersey wtf I never understood why people buy houses there. What township if you don't mind me asking?

I just moved out here from nyc, got a good job here and currently in school so not looking to uproot and move again for awhile. I'm in Hudson County though breh

Get a Mortgage broker he will run your credit once and shop for the best rate homie thats what I did.
how much they charge for their services. Not gonna lie my main issue is having enough to cover the closing cost. Wonder if most banks will be willing to just add it onto the mortgage
 

Akata Man Bromo

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I just moved out here from nyc, got a good job here and currently in school so not looking to uproot and move again for awhile. I'm in Hudson County though breh

how much they charge for their services. Not gonna lie my main issue is having enough to cover the closing cost. Wonder if most banks will be willing to just add it onto the mortgage
Pretty sure it cost you nothing they get a cut from the bank once the loan is successful
 
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