| Author |
Previous Topic | Next Topic |
|
twilson@cambridg
3 Posts |
 Posted - 07/23/2008 : 3:15:00 PM
|
| Any ideas on a $1.4M jumbo primary residence refi in Idaho? Very low LTV and CLTV (39%, 53%). Thanks in advance. |
|
dkendall1979
9529 Posts |
Posted - 07/23/2008 : 3:29:17 PM
|
| It's a loan we could potentially do, if the assets vs. the income make sense. |
|
|
twilson@cambridg
3 Posts |
Posted - 07/23/2008 : 3:42:29 PM
|
| Ok, here's a little more detail. Borrower is self employed and has income of over $800k/yr according to taxes, but lenders don't want to use the FannieMae Cash Flow analysis for income anymore (add back non-cash items like depreciation and depletion) so stated probably makes the most sense. Borrower has very little assets other than business (which he owns 100%) checking accounts - but he owns a lot or property and net workth is over $15M. What else can I tell you? |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
