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TheFinancier
983 Posts |
 Posted - 04/08/2008 : 2:15:04 PM
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A client of mine said they were quoted 5.25 no points on 30yr Fixed? Whats the closet thing out there? Cash Out to pay down credit cards. No Cash in Pocket.
Refi
200K
50% LTV / 50% CLTV
Full Doc
OO
Condo
C/O (pay down credit cards No cash in pocket).
Credit Score 700
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mantixmortgage
2768 Posts |
Posted - 04/08/2008 : 2:20:27 PM
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on a 30 year?
i can get you 5.25<1> on a 3 year ARM |
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TheFinancier
983 Posts |
Posted - 04/08/2008 : 2:22:13 PM
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| What can you do on a 30yr Fixed? |
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mantixmortgage
2768 Posts |
Posted - 04/08/2008 : 2:24:11 PM
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5.875<.625>
ive had a couple reprices for the worse so chances are your competition did too. |
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dragonsnake
91 Posts |
Posted - 04/08/2008 : 2:24:59 PM
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| What is the ltv |
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TheFinancier
983 Posts |
Posted - 04/08/2008 : 2:28:54 PM
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| 50% |
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mantixmortgage
2768 Posts |
Posted - 04/08/2008 : 2:30:38 PM
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| you should send me this file, we will fund it next week |
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TheFinancier
983 Posts |
Posted - 04/08/2008 : 2:38:29 PM
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Thanks for the offer but If I am reading your rate sheets correctly 30Yr Fixed =
5.25% = 2.00 Costs?
Is that correct?
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mantixmortgage
2768 Posts |
Posted - 04/08/2008 : 2:40:43 PM
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| probably at least that. there's no 30 year pricing at 5.25 at par right now that I'm aware of |
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TheFinancier
983 Posts |
Posted - 04/08/2008 : 2:43:52 PM
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| I hate these bate and switch loosers |
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mantixmortgage
2768 Posts |
Posted - 04/08/2008 : 2:47:48 PM
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| well, they all get exposed in the end |
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www.johnreiher.c
512 Posts |
Posted - 04/08/2008 : 2:59:49 PM
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He was probably quoted 15 year. thats what I have at par.
on FHA I can get you 30 year fixed 5.25% with 1pt fee...
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rneriz
37 Posts |
Posted - 04/08/2008 : 3:02:56 PM
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| what are the credit issues. |
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TheFinancier
983 Posts |
Posted - 04/08/2008 : 6:35:23 PM
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No credit Issues. Just Wants to Refi payoff credit cards...
This person happens to be an appraiser and they made 137K in 2006 & 120K in 2005. |
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