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manwithaplan
488 Posts |
 Posted - 05/15/2008 : 12:25:41 PM
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Here we go:
689 FIco
Illinois
Purchase
2 Unit
OO
90% (but will take 85% if NO other option)
Fixed income
Issues: Has Primary in Missippi that is rented out for past 6 months. Borrower has become Ill and has decided to move back in Chicago area to be near family. Lives with brother now until close of new home. Need lender to accept rental income for Missippi property and also accept rental income for upstairs unit on subject property. Can show canceled checks for Missippi home and lease for subject property.
Full Package ready to go. |
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lukeallison
1439 Posts |
Posted - 05/15/2008 : 12:35:24 PM
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| Looks like a good file. Probably would need a lease on the upstairs unit if it's necessary to offset the debt in order to qualify for income. I'll be glad to take a look at it. |
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manwithaplan
488 Posts |
Posted - 05/15/2008 : 12:38:35 PM
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| no problem. Could you do 90%? how's pricing? u/w time? |
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lukeallison
1439 Posts |
Posted - 05/15/2008 : 12:41:02 PM
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| Since it's conventional - we have some pretty quick turn times right now. 90% should be fine. His Fico is okay for MI. Call me if you have questions. |
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