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brokerintheskye
2374 Posts |
 Posted - 05/07/2008 : 12:01:18 PM
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SFR
Frasier, CO
Appraised Value 3.8 Mil
Loan amount Requested 2.5 Mil.
65%LTV
New Construction Payoff into permanent financing.
Money out of pocket in the property: 500,000 lot purchase / 650,000 down payment
Income Monthly / Can be verified= 41,000.00
Liquid Assets: Bank accounts and Retirement. $150,000.00
Mid Ficos: 763 & 765
Trying to beat 6.625 on an I/O 7/1 ARM that another broker has quoted them. |
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KHufford
5287 Posts |
Posted - 05/07/2008 : 12:37:57 PM
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How many points are they charging him, Jamie?
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brokerintheskye
2374 Posts |
Posted - 05/08/2008 : 10:22:09 AM
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| We can get the loan if we come in at that rate, or close to it. |
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dkny
200 Posts |
Posted - 05/08/2008 : 10:35:03 AM
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| We can arrange HELOC at 4.6%, full doc only. |
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jcanepa
800 Posts |
Posted - 05/08/2008 : 10:36:12 AM
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| Was the borrower the Contractor on the Property? |
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lucky1s
3355 Posts |
Posted - 05/08/2008 : 10:36:23 AM
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Is it full doc?
If so, try ING.
No password needed to access rates. |
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