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ofg
13 Posts |
 Posted - 05/14/2008 : 10:41:22 AM
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The borrower needs a 5.875% - I'll take par.
30 year fixed
SFR
69% ltv
Loan amount 375,000
Primary Res
Refi - Rate in Term
Fico 674 & 803
Full Doc
I have CFL broker license - let me know - email me direct laine.pike@gmail.com |
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jillstatz
661 Posts |
Posted - 05/14/2008 : 10:45:39 AM
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| run it through either DU or LP and get your findings...this one should not be a problem they will not need MI. You will take a hit for the credit score and that should be it on this one. |
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clearwaterny
347 Posts |
Posted - 05/14/2008 : 10:56:28 AM
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| You won't be at par with the fico hit. 5.875 is right at par today. I would wait until next week and see if the rates come down. I received improving pricing earlier. |
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Bacon
3 Posts |
Posted - 05/14/2008 : 10:56:33 AM
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| Agree w/ DU...should be no FICO hit until 70LTV; AmTrust is paying 100.431 for 5.875 on 30 days for 30yr fixed...CW is payiny .125. |
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EquitySmart
1240 Posts |
Posted - 05/14/2008 : 10:58:55 AM
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| There is 0.5 price hit (agency) for 674 credit score with LTV between 60 and 70 |
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jakeh@loanpacifi
123 Posts |
Posted - 05/14/2008 : 10:59:37 AM
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| That is par today with that scnario |
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Bacon
3 Posts |
Posted - 05/14/2008 : 11:04:07 AM
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| my bad...that is indeed correct; however, still at 99.93...pretty darn close to par |
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bigmoob
107 Posts |
Posted - 05/14/2008 : 11:22:44 AM
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| The best I can do is 6.125 par |
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