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 Search for: 75% LTV on Extra Jumbo Loans.
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pick0484

16 Posts

Posted - 06/24/2008 :  09:47:04 AM
We just funded a 75% cash out refi on a house in Corona Del Mar. It appraised at 3.9 mil loan amount was 2.93 mil. 5/1 IO arm at 6.875% FULL DOC or B/S. I know that most Jumbo lenders (Citi, Wach, Downey, etc) are maxing out at 65% so I figured some of you may need this product. Email me your scenarios or if you need more info.
dkendall1979

10119 Posts

Posted - 06/24/2008 :  09:54:59 AM
You don't remember if it was full doc or bank statements?
Captain Mortgage

1715 Posts

Posted - 06/24/2008 :  09:57:51 AM
What bank is that with? I have a couple 70% non-owner purchases at similar loan amounts.
pick0484

16 Posts

Posted - 07/03/2008 :  12:28:58 PM
This one ended up being full doc.
williamspeaking

4058 Posts

Posted - 07/03/2008 :  12:59:04 PM
I definitely agree with the BS part of the post.
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