wetline
52 Posts |
 Posted - 05/12/2008 : 4:37:55 PM
|
I have a borrower with a 779 Fico
SFR - Owner Occ.
Self employed
80% LTV - rate and term refinance (Wants out of interest only)
Property located in Oregon.
$188,000 loan amount.
I keep getting counters with 75% ltv max or the lenders just will not do it at all.
The problem I am having is the last 2 years he paid himself $2,250/mo and now he is paying himself $3,335/mo. His debt ratios work with the new pay. Because of the self employed all lenders I know what to look at the last two years not his year.
This should not be this hard. I would loan my own money on the deal if I had it.
|
|
Search for: 
