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rab33

224 Posts

Posted - 04/03/2008 :  10:59:34 AM
Massachusetts
Cash Out Refi
SIVA
Ficos 770 & 720
Loan Amount $300K
LTV 75%
Single Family - Owner Occupied
Cash out = $150K
Zero Lates - Great Trade Lines

I found a couple homes for this but the rates are just awful. So frustrating!

Any lender suggestions?
williamspeaking

4058 Posts

Posted - 04/03/2008 :  11:33:28 AM
is at least 50% of the income from self employment?
rab33

224 Posts

Posted - 04/03/2008 :  11:57:24 AM
Actually yes it.
americanheartlan

2237 Posts

Posted - 04/03/2008 :  11:59:36 AM
CitiMortgage can do it in the mid-high 6's
NobleHouse

357 Posts

Posted - 04/03/2008 :  12:07:51 PM
Try Wells or Bear.
williamspeaking

4058 Posts

Posted - 04/03/2008 :  12:11:20 PM
quote:
Originally posted by americanheartland

CitiMortgage can do it in the mid-high 6's



If you want alt-a pricing and a 4 week uw turn time, thats true. With a 4-5 day turn I can do it

30 fixed: 501A
6%<.337>
6.125%<.754>
6.25%<1.132>
30 day pricing

.25 adj if no impounds, email me if that sounds good.
rab33

224 Posts

Posted - 04/03/2008 :  2:39:40 PM
Well 6.25% sounds mighty fantastic.

I'm leaving the office now but will most certainly email you in the morning.

Thank you for the info!
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mustang05

214 Posts

Posted - 04/03/2008 :  2:58:53 PM
quote:
Originally posted by williamspeaking

quote:
Originally posted by americanheartland

CitiMortgage can do it in the mid-high 6's



If you want alt-a pricing and a 4 week uw turn time, thats true. With a 4-5 day turn I can do it

30 fixed: 501A
6%<.337>
6.125%<.754>
6.25%<1.132>
30 day pricing

.25 adj if no impounds, email me if that sounds good.



What about the same scenario just off the MLS?
rab33

224 Posts

Posted - 04/04/2008 :  08:48:13 AM
William give me a ring 508-360-2040 when you're free to discuss things further.

I'm also curious about 1 day out of MLS for I have another borrower similar criteria but he had it listed FSBO on MLS as of last week.


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