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alexcabrera

7 Posts

Posted - 05/21/2008 :  4:06:55 PM
Hello Everybody,

I have a client that fico score is 514 and his house is payed off in a good area in Downey CA. Comps are in the 500's. Wants a loan of $200,000.

Cash out.

LTV 40%

Owner occupied

Stated

Single Family Resident in LA County

Please let me know if you can do this.
Edwin

355 Posts

Posted - 05/21/2008 :  5:28:02 PM
If he's 62 or older, look into a reverse mortgage.
itsmeant007

45 Posts

Posted - 05/21/2008 :  5:49:06 PM
Look for a hard money lender
alexcabrera

7 Posts

Posted - 05/21/2008 :  11:09:08 PM
Do you have any hard money lenders? Thanks.
mantixmortgage

2669 Posts

Posted - 05/21/2008 :  11:24:54 PM
you can hit up a few people on here

privatecashfast
dkendall
jack straw

bunch of others
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sam@jafinanciali

120 Posts

Posted - 05/22/2008 :  09:23:15 AM
Looks doable. Call me on this one or send email. Thanks.

Sam
Senior Account Manager

Office: 408-426-4789
Fax: 408-904-5793
Email: sam@jafinancialinc.com
JA FINANCIAL
1901 S. Bascom Ave, Suite 1200
Campbell, CA 95008
www.jalending.com
www.jafinancialinc.com
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