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mtel
416 Posts |
 Posted - 08/20/2008 : 12:52:08 PM
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I haven't touched too much jumbo lately. Is anyone doing a 90 CLTV 2nd ($100,000 - $120,000) right now or is it a total waste of time?
Purchase scenario
80/10/10
804 midscore
Full doc
DC property
Purchase price 1M - 1.2M
10% downpayment
Thanks in advance for the input if any.
M |
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lukeallison
1402 Posts |
Posted - 08/20/2008 : 2:35:33 PM
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| I can do this. Please call me. |
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mtel
416 Posts |
Posted - 08/20/2008 : 2:39:30 PM
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| Hi Luke. Are you retail? It's not necessarily a deal killer if you are. |
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clearwaterny
347 Posts |
Posted - 08/20/2008 : 4:01:49 PM
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I think this guy can help you out.
Talk to him, you probably won't get anything from it but it's good to build a rapport with your client for future business.
Edward J. Skibicki Jr., CFM
Tel (732) 528-2712
Fax (732) 475-4887
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lukeallison
1402 Posts |
Posted - 08/20/2008 : 5:33:56 PM
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Yes, I am retail. I can do a $250,000 second on top of an Agency jumbo to get your borrower 90% CLTV.
Let me know what I can do. |
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Mandyvilla
3405 Posts |
Posted - 08/20/2008 : 9:59:29 PM
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Hi there, I am retail too and in your back yard. I can do a stand alone (portfolio) up to a 95% ltv. It would not be a heloc, but a fixed rate. My email here has been disabled due to some recent unsolicited activity. Let me know if you would like me to get in touch.
I have been laying real low on these 2nds because I don't want to get caught up doing car loans. |
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peter
4542 Posts |
Posted - 08/20/2008 : 10:09:06 PM
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Mandy, I am interested in yours 95% standalone fixed rate 2nd.
Pls contact me via e-mail.
Thank you.
Peter S.
FBM Corporation, Encino, CA.
E-mail: Peter@firstbanker.com |
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dtabar
763 Posts |
Posted - 08/20/2008 : 11:07:12 PM
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| Are your seconds concurrent with our first? Or do they have to close after the 1st is closed? |
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mtel
416 Posts |
Posted - 08/21/2008 : 05:47:21 AM
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quote:
Originally posted by Mandyvilla
Hi there, I am retail too and in your back yard. I can do a stand alone (portfolio) up to a 95% ltv. It would not be a heloc, but a fixed rate. My email here has been disabled due to some recent unsolicited activity. Let me know if you would like me to get in touch.
I have been laying real low on these 2nds because I don't want to get caught up doing car loans.
No problem, just send me an email with contact info: mel@empirefs.com |
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mtel
416 Posts |
Posted - 08/21/2008 : 05:48:25 AM
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quote:
Originally posted by lukeallison
Yes, I am retail. I can do a $250,000 second on top of an Agency jumbo to get your borrower 90% CLTV.
Let me know what I can do.
You've got mail. |
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Mandyvilla
3405 Posts |
Posted - 08/21/2008 : 05:58:31 AM
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Peter,
I am limited to the east coast at present. This is truly on of the last pockets of true portfolio money. I had hoped to post something in the announcement section last weekend, but am running behind. I am sorry to say I can only work right now in 13 states. And I know the stand alones can save deals.
Mtel, it's going to be this afternoon, from my work laptop, sooner if I can. The underwriter is literally 10 steps from my desk on this.....up to 200K can be handled there. Any 2nd over 200K requires BOD approval. (think small savings bank, FLEXIBLE - but not to the point of stupid guidelines, think 1980's-type lending).
more soon |
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mtel
416 Posts |
Posted - 08/21/2008 : 06:32:51 AM
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| No problem Mandy... |
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kevinloans
469 Posts |
Posted - 09/25/2008 : 11:54:55 AM
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| hey Mandy can you shoot me an email with your contact info? I am in need of a concurrent close 2nd. klu714@yahoo.com |
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