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AlexLocklear85
150 Posts |
 Posted - 05/24/2008 : 2:48:13 PM
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| 85%LTV, 690 FICO, Stated Income. No-Cash out Refi. The guy is not on the mortgage, but on deed (father is on mortgage)... Anybody? |
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EquitySmart
1240 Posts |
Posted - 05/24/2008 : 5:56:53 PM
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| What is the point of the loan? Are you bailing the father out of impending foreclosure? What makes you think the borrower can afford the mortgage payments if enough income cannot be verified? How do you expect to get MI for stated income loans? |
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