Phil Grossfield's Blog


You Do Not Have a Soul

My Schedule…and Nothing Extra:  You could be dead tomorrow morning.  You could be 52 years old, with 3 daughters and an extended family that loves you.  You could have dreams not yet attempted.  You could go to sleep after a long day, and never wake up.  This is the fate of Steve, the son of my parent’s long-time friends.  The funeral procession is underway in Minneapolis and my thoughts are with their family.  LIVE!  DO!  BE!  POSITIVELY INFLUENCE THOSE AROUND YOU!  Remember, you do not have a soul…you ARE a soul (you have a body).

My Mystery Quote:  You do not have a soul…you ARE a soul (you have a body) — Answer

My Market Watch:  Not going to waste your time…nothing to report at this time.  Disclaimer

My Schedule:  I am behind the computer all day. Have a wonderful long weekend!

Contract Processors Available For Hire

If you are interested in receiving the list, please let me know….

Delayed Financing Cash Out – Refi Of Property Bought For Cash Within 6-Months

We now allow Delayed Financing Cash Out which will be a cash out transaction that occurs within 6-months of purchase.  To explain, your client bought a property for cash and now wants cash out…there is no existing lien on the property…Fannie Mae’s rule regarding six month’s title seasoning is avoided.  Let me know if you want details….


Purchases:      3 days from Submission (after registration)…prioritized throughout the process.

Refinances:     5 days from Submission (after registration)…45-day locks still recommended.

Conditions:     48 hours from last uploaded document.

Our Lender Fee is only $699 “All-In”

“All-In” means there is no flood fee, tax fee, etc.  Appraisal Waivers accepted with $75 waiver fee.  Appraisal Fees may be reimbursed at closing.  Contract Processing Fees may be charged to the borrower on borrower-paid only (box 1).  YSP overage also permitted for Prepaid Interest, Property Taxes, Hazard, and max $500 towards principal reduction.

For a Clean Underwriting Decision Resulting in Happiness and Adulation – Read Me

For a Long List of Conditions, a Huge Hassle, and Massive Frustration – Ignore Me

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