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Trish55
29 Posts |
 Posted - 05/14/2008 : 7:26:42 PM
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I have another one for you. Here is the scenario
Appraisal came in at $525,000
85% LTV (wants about $30,000 out) Loan amount is $446,000
putting his 1st adn 2nd together.
fico is 699 no lates just paid some things may be higher
o/o, SFH, in livermore CA, SIVA or SIVA has about $15000 in the bank
wants something with i/o option
We could maybe close the first at 417,000 and get a line of credit after it closes
would like one loan 3/1 i/o or anything |
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financeone
1646 Posts |
Posted - 05/14/2008 : 7:30:10 PM
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quote:
Originally posted by Trish55
I have another one for you. Here is the scenario
Appraisal came in at $525,000
85% LTV (wants about $30,000 out) Loan amount is $446,000
putting his 1st adn 2nd together.
fico is 699 no lates just paid some things may be higher
o/o, SFH, in livermore CA, SIVA or SIVA has about $15000 in the bank
wants something with i/o option
We could maybe close the first at 417,000 and get a line of credit after it closes
would like one loan 3/1 i/o or anything
Looks to me like the crappy loan you posted earlier? Once is usually good. |
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