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waynetrubis
106 Posts |
 Posted - 01/30/2008 : 2:46:24 PM
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Colorado customer is as follows:
SFR
Full Doc
450k Assets
760 Mid Score
1,500,000 Value
1,030,000 Loan Amount (69 LTV)
Paying off the following:
Current 1st mortgage 529,000
Investment Property 115,000
Cash out 350,000 (for home improvements to primary residence)
Looking to combine all into one loan and wants all options for lowest possible payments. Please include both fixed and adjustable options.
He is currently being offered 5.5% on a 10/1 Arm, but this is based on a loan amount of 700,000. It is not accomplishing the above goals.
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AmFirstMtg
358 Posts |
Posted - 01/30/2008 : 3:50:14 PM
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| Are you licensed in CO Wayne? |
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frankdoesloans
1205 Posts |
Posted - 01/30/2008 : 4:05:38 PM
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Hi Wayne, here's your pricing for 1 loan at 1,030,000 69%LTV, full doc, 12 months PITI, 350K cash out.
7.75% .125%YSP, 30yr. fix, no ppp,50%dti, program code 30fixed nonconf 1100 (no prepay)
Let me know if you want more YSP.
quote:
Originally posted by waynetrubis
Colorado customer is as follows:
SFR
Full Doc
450k Assets
760 Mid Score
1,500,000 Value
1,030,000 Loan Amount (69 LTV)
Paying off the following:
Current 1st mortgage 529,000
Investment Property 115,000
Cash out 350,000 (for home improvements to primary residence)
Looking to combine all into one loan and wants all options for lowest possible payments. Please include both fixed and adjustable options.
He is currently being offered 5.5% on a 10/1 Arm, but this is based on a loan amount of 700,000. It is not accomplishing the above goals.
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waynetrubis
106 Posts |
Posted - 01/30/2008 : 4:08:02 PM
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| Yes I am licensed in Colorado :) |
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mudshark
3919 Posts |
Posted - 01/30/2008 : 4:34:24 PM
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| 6.750 par 10/1 NPP |
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tt281gt
195 Posts |
Posted - 01/30/2008 : 5:13:00 PM
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10/1 ARM, I.O, NO prepayment, YES impounds, Full
6.750% [PAR]
6.875% [0.250] YSP
7.000% [0.375] YSP
7.250% [0.750] YSP
DTI = 42% **ratios may be exceeded with an acceptable AUS report
Reserves = 12 months
5/1 ARM, I.O, No prepayment, YES impounds, Full
6.375% [PAR]
Turn time 24-48 hours |
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dkendall1979
13278 Posts |
Posted - 01/30/2008 : 5:37:18 PM
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quote:
Originally posted by waynetrubis
Colorado customer is as follows:
SFR
Full Doc
450k Assets
760 Mid Score
1,500,000 Value
1,030,000 Loan Amount (69 LTV)
5/1 Libor Arm - 5.875% <par>
7/1 Libor Arm - 6.375% <par>
OR....
10/1 Libor Arm - 5.75% 1pt discount |
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daronc
1310 Posts |
Posted - 01/30/2008 : 10:02:39 PM
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3/1 ARM No PPP 5.625% <.25>
5/1 ARM No PPP 6.125% <PAR>
7/1 ARM No PPP 6.375% <.25>
10/1 ARM No PPP 6.75% <.25>
Daron Chelette
JMAC Lending
daron@jmaclending.com |
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