Need a lender for this loan ASAP!!!!

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danielk369

423 Posts

Posted - 03/21/2008 : 5:06:00 PM

75% LTV,
R & T Refi,
NOOcc, SFR,
725 fico,
SIVA(Stated S/E-L.O., 18mos of PITI for all properties in liquid reserves),
326k L/A,
CA Prop,
No Lates, borrower owns 5 properties. Please contact me, I am looking for either a 30yr, 40yr fixed or a 5yr arm, which ever one prices out better. I would like to get 1.5-2.0% YSP on this one if possible, since I am not charging anything on the front end.. This is a very much of a make sense deal, I have a full file ready to go, just need a lender that can close this, please let me know, thanks,

Dan K.

re_manager

2625 Posts

Posted - 03/21/2008 : 5:41:52 PM

We can 70% if that will work. Rate is 7.90% (1.50% YSP) today on our 3 Year Fixed Hybrid. Please let me know if I can help.

Thanks

mantixmortgage

2717 Posts

Posted - 03/22/2008 : 10:59:29 PM

7.25<1.875> 30 year fixed, add .25 if no impounds.

the_mortgage_guy

1202 Posts

Posted - 03/23/2008 : 3:13:40 PM

I checked around the mantix quote very good! But bro, if you can sell that loan with 2 in the back you deserve access to pricing.

danielk369

423 Posts

Posted - 03/23/2008 : 3:26:42 PM

I am having a difficulty with this loan due to the fact that the borrower is a LO, every U/W seems to be referring to salary.com, which states that an avg. income for a LO is around $4k, the fact that the borrower has 1.5 years of his stated income in liquid reserves doesn't seem to be enough... If anyone has any ideas, about this one, that would be greatly appreciated, thanks,
Dan K.

danielk369

423 Posts

Posted - 03/23/2008 : 3:30:11 PM