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npthebruin

2 Posts

Posted - 07/02/2007 :  5:59:23 PM
Could use quotes or your best sources for super-prime borrowers (I typically focus in low/no doc, subprime). Here's the situation:

780 FICO
400K income (verifiable)
$1.16M purchase price

Buyer can put from 5-20% down, but as of now is planning 5%


Looking for best rate combo - first and second (with and without 3 yr prepay) for 7 year term or longer, interest only or pay-option.

I have agreed to find him the best loan and only take 50 bps in origination fees.

Appreciate your thoughts/quotes.
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