Refi 95% rate and term stated

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apapa

28 Posts

Posted - 08/04/2008 : 5:06:10 PM

I have a Refi, rate and term, need to go 95% to get out of an adjustable. is anyone doing stated??

edunn

116 Posts

Posted - 08/04/2008 : 5:19:31 PM

if youfind it let me know,i have 3 of them sitting here...

jwillmott78

194 Posts

Posted - 08/04/2008 : 8:40:21 PM

wow i cant even believe you posted this scenario
have you closed any loans in the past 5 months
or read any articles of what is going on with stated loans
or just turned on the tv
you cant even get mi coverage for stated loans anymore
the best ive seen on stated is max 80% ltv and that is on
a case by case scenario
sorry for dogging ya here but come on
thanks

EquitySmart

1240 Posts

Posted - 08/05/2008 : 02:22:59 AM

You will not be able to get MI for SIVA documentation = maximum LTV of 80%

KipW

257 Posts

Posted - 08/05/2008 : 06:09:33 AM

I received a flyer from Chris Call(925-627-7740) at Pacific Union Financial stating they can do 90LTV stated p/r&t with a 740 with MI.

AGreene00

2820 Posts

Posted - 08/05/2008 : 06:33:53 AM

quote:
Originally posted by KipW

I received a flyer from Chris Call(925-627-7740) at Pacific Union Financial stating they can do 90LTV stated p/r&t with a 740 with MI.

I'd like to know what MI company they are using.

unhperry

30 Posts

Posted - 08/05/2008 : 08:56:24 AM

Yeah seriously, 95% LTV STATED? I'll put it nicely and say that those have not existed for quite some time. BUT, I do know that some Credit Unions and banks are still offering HELOCS to 100%....seriously check it out: https://www.gscu.org/asp/products/product_3_6.asp and usually equity lines require very little to no income documentation for great borrowers. That being said, perhaps you could do the first in conjunction with a local bank second.......highly unlikely though.

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