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 Search for: A PAPER IN VA MUST HAVE 5.875.
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 RickoJC

71 Posts
Posted - 06/05/2008 :  2:49:15 PM
I have a loan that I will give to someone if they can do it at 5.875 - A paper across the board, cash out, $300K loan amount - if you can lock it and show me the lock and make money I will send your their information and signed 1003 etc. and you can close it.

I am in CA. and if they can get that rate they seem like they would prefer to go locally.

Rick.
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 CoralSnake

10884 Posts
Posted - 06/05/2008 :  2:57:03 PM
You want someone to lock the loan without the borrowers info?
djorge44

1584 Posts
Posted - 06/05/2008 :  2:59:00 PM
Sure locked it at 4.25% your good to go
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 RickoJC

71 Posts
Posted - 06/05/2008 :  3:07:00 PM
No smart Ass :)

Sorry - just if you are sure you can price it at 5.875 then I can send everything over. I don't want to send them over only to have some do what I can do and give them 10.5 :)

get it?
dkendall1979

10298 Posts
Posted - 06/05/2008 :  3:21:04 PM
Can we go with a 10/1 arm?

5.875% is a cost with any lender today on a 30yr fixed.
AGreene00

2820 Posts
Posted - 06/05/2008 :  3:22:09 PM
What is the LTV here? 5.875% is going to be paying some points right now.
benjamin

2297 Posts
Posted - 06/05/2008 :  3:26:45 PM
Provident, 5.875 21 days par. 30 yr.

Good luck
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 RickoJC

71 Posts
Posted - 06/05/2008 :  3:26:48 PM
low LTV 66% - I am pricing a little under 5.875 at par...
dkendall1979

10298 Posts
Posted - 06/05/2008 :  3:29:05 PM
I call Bullspit!

Where can I go to verify that Provident is pricing at 5.875 <par> on a 21 day lock?
financeone

1646 Posts
Posted - 06/05/2008 :  3:30:08 PM
quote:
Originally posted by RickoJC

low LTV 66% - I am pricing a little under 5.875 at par...



So why post this nonsense?
lucky1s

3620 Posts
Posted - 06/05/2008 :  3:32:04 PM
PFLOANS.COM
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 bramous

972 Posts
Posted - 06/05/2008 :  3:32:18 PM
quote:
Originally posted by dkendall1979

I call Bullspit!

Where can I go to verify that Provident is pricing at 5.875 <par> on a 21 day lock?


Yep...Provident is at par assuming a 720 FICO, c/o @ 66% LTV on a 21 day lock.
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 RickoJC

71 Posts
Posted - 06/05/2008 :  3:34:26 PM
BULLSPIT back at you. I am pricing today at 5.875 C/Wide and 99.720 30 day...
dkendall1979

10298 Posts
Posted - 06/05/2008 :  3:35:49 PM
That's just stupid! Why would they even price this way? Even at 6% they're under market on a 10 day lock.

quote:
Originally posted by bramous

quote:
Originally posted by dkendall1979

I call Bullspit!

Where can I go to verify that Provident is pricing at 5.875 <par> on a 21 day lock?


Yep...Provident is at par assuming a 720 FICO, c/o @ 66% LTV on a 21 day lock.
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 RickoJC

71 Posts
Posted - 06/05/2008 :  3:37:38 PM
BULLSPIT back at you. I am pricing today at 5.875 C/Wide at 99.720 30 day...

Jeez - just trying to see if anyone can do it and maybe make some money - forget I asked - nice to know everyone is so busy that they can turn down any opportunity to at least consider options.

I will keep them in house until I can give them 5.875 since the natives aren't that friendly
dkendall1979

10298 Posts
Posted - 06/05/2008 :  3:38:12 PM
I wasn't talking to you.

quote:
Originally posted by RickoJC

BULLSPIT back at you. I am pricing today at 5.875 C/Wide and 99.720 30 day...
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 RickoJC

71 Posts
Posted - 06/05/2008 :  3:41:43 PM
Love that John Wayne quote should send that to some realtors I know.

I am assuming that we are all in the same boat - thanks guy's. But 5.875 IS about PAR today...
mojojojo_1

847 Posts
Posted - 06/05/2008 :  3:47:30 PM
lock it today, if rates go up, who cares you know you got the best deal for them even at a 6%. rates go down, then give em the 5.875
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 bramous

972 Posts
Posted - 06/06/2008 :  06:06:55 AM
quote:
Originally posted by RickoJC

BULLSPIT back at you. I am pricing today at 5.875 C/Wide at 99.720 30 day...

Jeez - just trying to see if anyone can do it and maybe make some money - forget I asked - nice to know everyone is so busy that they can turn down any opportunity to at least consider options.

I will keep them in house until I can give them 5.875 since the natives aren't that friendly


I'd do it at 5.875...charging 1 origination.
Mortgage12118

13 Posts
Posted - 06/06/2008 :  08:16:07 AM
I can do it. 5.875..whats the credit scores?
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