todoforu
775 Posts |
 Posted - 07/25/2008 : 4:02:40 PM
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Loan scenario: CA, $660,000, 740 FICO, 85% LTV, Refinance, SF, full, OO
State: CA
Amount: $660,000
Property type: SF
Documentation: full
FICO: 740
LTV: 85%
Occupancy: OO
Loan purpose: Refinance
Client is seeking a better rate than what he has. Preferably something in the low 6's, I.O. or even a 40yr term.
LTV 84%
FICO: 740
Full Doc, Strong File.
Will consider Cashout, as well, but not really needed.
This is a JUMBO LOAN:
VALUE: $750,000
Will even consider a Interst Only product, just trying to lower payment.
Loan Amt: $660,000.00
LTV: 84% Approx. or less.
This client actually took out a credit line last week, so the CLTV would be 87% approximately.
Would prefer a LPMI
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