Pete
LANSING,#2Consumer Suggestion
Tue, August 09, 2005
You need 10 grand thats it? why would you refi just for that When you have 50k in a 401 k? Are you getting a lower rate? Locking in? Consolidating? what else is the loan doing for you to even consider going with it?
Tom
Gahanna,#3Consumer Comment
Mon, August 08, 2005
Hi there, my name is tom - i am a licenced mortgage broker in ohio. listen , i dont know chase criteria in colorado. but in ohio all u need is a 700 fico for stated income. means u dont have to prove income. Even if u do - just because u only had ur job less than 2 years doesnt mean u cant prove income for 2 years. as long as its loosly termed as 'the same industry' most lenders dont care how many jobs u have had as long as its 2 years straight. i wouldnt suggest busting the 401k . instead consolidate -even refi your first to get ur cash. i would suggest 30k - as lenders use 'tiers' and a 10k loan will land u a high interest rate. BUT DO NOT AND I MEAN DO NOT GO WITH AMERIQUEST. THEY DONT GIVE A s**t ABOUT YOU - AND WILL WRITE YOU A HORRIBLE LOAN JUST TO GET THE COMMISSION . DO NOT DO NOT GO ANYWHERE NEAR AMERIQUEST. BREAK UR 401K BEFORE THAT.
Dave
Jacksonville,#4Consumer Suggestion
Sun, August 07, 2005
Take the 401K loan. DO NOT go with Ameriquest. They will ruin you. You can elect to pay off the 10K loan with your 401K or not, it's up to you. You will have a small tax to pay on it, but that's it. Whatever you do, STAY AWAY FROM AMERIQUEST!!!