698 SISA 56 LTV OO

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STRANGEHOLLIDAY

233 Posts

Posted - 01/15/2008 : 07:55:09 AM

Ran this DO, expecting to be able to go Stated with this low ltv and credit, looks like they must of bumped up the requirement, Because they're asking for tax returns etc, My borrower is self employed and needs to go stated.

255,000 loan amount, 698 score ( only 2 scores avail) 56 LTV, Cash out.

ANyone have exceptions when they're is such a good LTV to go Stated and still get a good rate? either 30 yr IO, or 40 yr

Layne Jones

1478 Posts

Posted - 01/15/2008 : 08:02:10 AM

30 year fixed rate pick a pay work?

STRANGEHOLLIDAY

233 Posts

Posted - 01/15/2008 : 08:22:48 AM

Possibly...

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