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Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty)

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Rainmaker
1,100,809
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Aycanta Forditt 🤣😂🤣😂🤣😂🤣😂

All those plastic cards can't buy you love!

Could use them to buy the house at 20% interest.

What does she need a loan for?

Jan 29, 2019 10:29 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

.....you name it...I got it......

all under different names.

Ahhhh, now we  see what happens after a breech OR

When someone has more money than they can spend EVERYONE wants to help.

Jan 29, 2019 09:15 AM
Rainmaker
2,848,056
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Underwriters have molten lead in their veins, will not die of snake-bite and can lay down a barrier or hoop to be climbed or passed through and lose no sleep over it. When they approve you get the loan. Until then, scrutiny city!

Jan 29, 2019 09:48 AM
Rainmaker
1,619,361
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

I'm not an underwriter, I'm a San Diego REALTOR who's never too busy for your referrals!

Jan 29, 2019 10:38 AM
Rainmaker
4,737,169
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I am not an underwriter but I have concerns that go beyond any potential lending issue. 

Jan 29, 2019 10:06 AM
Ambassador
6,685,588
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Are the cards paid off?

Jan 29, 2019 09:54 AM
Rainmaker
5,114,065
Richard Weeks
Dallas, TX
REALTOR®, Broker

An underwriters concern is when will 5:00pm Friday get here.

Jan 29, 2019 09:52 AM
Rainmaker
922,129
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The bright spot is Black Card; it's not for everyone. Maybe there is some real cash/assets behind this.

Jan 29, 2019 08:54 AM
Ambassador
2,574,385
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I'm not an underwriter, but wow, that is a lot of plastic.

Jan 29, 2019 12:53 PM
Rainmaker
5,584,639
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

WOW.... some people love their plastic....

Jan 29, 2019 11:54 AM
Rainmaker
1,538,434
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Holy cow!  I thought I was bad with 4 cards!

Jan 29, 2019 11:51 AM
Rainmaker
4,434,227
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Speechless.

Jan 29, 2019 11:37 AM
Rainmaker
1,870,453
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I'm with Annette. I really thought that banks stopped doing that stuff? I guess not. 

Macy's ... the rif-raff card.

Jan 29, 2019 10:56 AM
Rainer
225,576
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I’m not an underwriter, but have approved loans for many years. The problem with consumers is that they think the more credit cards, the higher your credit score is. No one needs this many cards, for any reason, period.

A good underwriter will look to see the potential of available credit, and might decide to decline a mortgage request based on that reason, even if they show no balances on them.  Think “Midlife crisis”.  The potential of this customer charging them to the maximum credit line would be of great concern on the repayment ability of your mortgage. As amortgage broker, I tell my customers to only have two or three cards. A Visa or MasterCard, American Express, and Discover card. That is all you ever need.

Jan 30, 2019 08:09 AM
Rainmaker
2,520,681
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

My immediate response is... are they all in your name?

Jan 29, 2019 12:50 PM
Rainmaker
5,774,095
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kevin,

I am always in scrutiny mode when it comes to $$$$$.  Cheers.  A

Jan 29, 2019 12:34 PM
Rainmaker
5,310,779
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Fell off my chair laughing, Kevin.

Jan 29, 2019 10:33 AM
Rainmaker
2,230,207
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Oh boy, so many credit cards.  

Do they all have a balance? 

Jan 30, 2019 07:21 AM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Does the Federal Reserve balance his books too?

Jan 29, 2019 04:09 PM
Rainmaker
1,442,553
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Lots of credit but no cash.

Jan 29, 2019 02:46 PM
Rainmaker
759,592
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Not someone I would want to deal with.

Jan 29, 2019 01:09 PM
Rainmaker
3,986,473
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would be running as an agent

Feb 03, 2019 04:41 PM
Rainmaker
5,198,211
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

My ex wife is a underwriter and I would not ask her.

 

Feb 02, 2019 03:42 PM
Rainmaker
6,002,794
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Why would anyone need 40 different cards, wow!!!

Feb 01, 2019 07:27 AM
Rainmaker
1,291,592
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Going to have to have a George Constanza wallet to handle all those cards, Kevin J. May ... 

Gene

Jan 30, 2019 09:19 AM
Rainmaker
4,800,282
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think it would depend on the balances.

Jan 30, 2019 06:29 AM
Rainmaker
5,481,776
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

It could be a complete disaster requiring another cup of coffee or a bunch of zero balances complete with a sigh of relief

Jan 30, 2019 04:20 AM
Rainmaker
519,824
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

What are their balances and spending habits? I might want to see bank statements going back a while to see if they were all actively used or not.  If the balances were kept low and most cards were empty, I'd imagine a great score. If they were all in some state of constant use with minimum payments, I'd be worried. 

For the record, not an underwriter but a former Loan Officer for both mortgages and auto finance. 

Jan 29, 2019 09:09 PM
Ambassador
5,486,412
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Holy guacamole! How does one keep up with that many cards?! 

Jan 29, 2019 08:20 PM
Rainmaker
8,149,414
Roy Kelley
Retired - Gaithersburg, MD

Good luck.

Jan 29, 2019 01:01 PM
Rainer
2,665
Greg Mclemore
Mclemore Homes - Alameda, CA
The best agent in Alameda at your service!

I had to get rid of the inquiries on my credit account. How-to articles online didn't work. I consulted a relative who had the same problem, and they introduced me to Master Credit. I took the risk, knowing that the company has $10,000 in surety bonds. The sales rep I spoke to was very accommodating and friendly. She told me what they do and how they do it. After three weeks, all my inquiries were removed. No inquiries will affect me getting financing again. Now my credit is looking excellent and i can't thank (Patchcredit@gmail com) or visit (Patchcredit.wixsite.com/patchcredit) for your effective credit repair today. NO gimmicks. They are very effective.

Mar 25, 2019 05:19 PM