santoshm
1 Posts |
 Posted - 08/18/2008 : 3:29:43 PM
|
Property State - Colorado
Purchase – OO – SFR Detached – Jumbo Loan
Full Doc – Self Employed and will provide Tax Returns.
Price $632,000
DP: $63,200
Loan: $568,800
LTV: 90%
MID FICO 725
DTI 45%
Assets: Over 80K in a IRA and about $50K in Savings.
PITI Reserves: Over 6 Mo.
Reviewing his tax returns I have the following:
W2 Income from Company 2006: $117,000
Additional Corp Income in 2006: $55,394 (Corp was a C-Corp)
W2 Income from Company 2007: $55,600
Additional Corp Income in 2007: $10,224 (Corp converted to an S-Corp)
I am assuming that even though Corp went from C to S we can still use the income on the loan app.
Can you get me some rates on your 3yr, 5yr and 30Fix Jumbos? Deal is set to close on September 18th. Looking for PAR and 0.5 YSP rates. Also please comment on the scenario and let me know if this will meet your guidelines.
Santosh Manjrekar
VeryNiceHomes.COM
(303) 790-7526
Santosh@VeryNiceHomes.COM |
|
Search for: 
