Please help

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Unifund65

74 Posts

Posted - 02/14/2008 : 10:08:40 AM

440,000 Loan Amount
SFR
O/O
704 Fico
Retired
SISA
Rate and term
78% LTV

I need an I/O product.

MortgageBoarder

3972 Posts

Posted - 02/14/2008 : 10:10:50 AM

Stearns... as long as your retirement income is reasonable they are the aggressive ones right now. I currently have a 2nd home at 90% in AZ, 720 fico going SISA @ 5.5% IO, NO JOKE!

re_manager

2625 Posts

Posted - 02/14/2008 : 10:16:50 AM

We can do this as a 3-Year Fixed Hybrid with 10 years of I/O:

6.30% (PAR), 6.65% (1.0% rebate), 6.90% (2.0% rebate)

This loan also has the option of fixing the rate for the life of the loan at any time from the end of the 3rd year to the 7th for a one time $200 fee.

Please let me know if this works for your client.

Thanks

Unifund65

74 Posts

Posted - 02/14/2008 : 12:29:30 PM

bump

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