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Hustler12
1331 Posts |
 Posted - 05/15/2008 : 1:38:17 PM
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Ok, I have a scenario that I need absolute best pricing:
Value: 4mm
Loan: 650k
LTV: 16%
FICO: 831
FUll Doc
OO
SFR
CA - Malibu
Wants a 5yr I/O, Need a little rebate, par and a cost rate??? Thanks. |
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Hustler12
1331 Posts |
Posted - 05/15/2008 : 1:57:47 PM
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| Bump! come on, I know there are still wholesale lenders in this forum. |
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mudshark
3873 Posts |
Posted - 05/15/2008 : 2:12:45 PM
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| Can't see why you can't get a FNMA/FHLMC jumbo with that. If that score doesn't du/eligible, then it's time to toss it in. Pricing should be in the low 6's. |
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wadeger
365 Posts |
Posted - 05/15/2008 : 2:22:14 PM
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| 5/1 I/O at 5.875% (.75) rebate....no prepay ....does that help? |
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Hustler12
1331 Posts |
Posted - 05/15/2008 : 2:22:43 PM
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| that does help. Do you have par pricing? |
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williamspeaking
4058 Posts |
Posted - 05/15/2008 : 2:24:09 PM
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| You need portfolio pricing for that scenario....arms and IO arent available on the jumbo conforming loans. |
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wadeger
365 Posts |
Posted - 05/15/2008 : 2:29:05 PM
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| 5.625% at par |
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monarchdad
1811 Posts |
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mudshark
3873 Posts |
Posted - 05/23/2008 : 10:48:58 AM
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| Can also go with the 40 year rate if the IO isn't available. |
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