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Mtown
107 Posts |
 Posted - 08/28/2008 : 12:29:17 PM
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The most I've heard is Flagstar doing 80% LTV, but they require their own appraisal or something. But 80% is pretty good from what I've seen.
Any help is appreciated.
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HIV Positive
39 Posts |
Posted - 08/28/2008 : 12:32:13 PM
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| 80% is good as long as they don't low ball their own appraisal |
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chriscall
183 Posts |
Posted - 08/28/2008 : 12:55:16 PM
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| We can go up to 85% as long as it's conf and no more than 4 financed props. |
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Mtown
107 Posts |
Posted - 08/28/2008 : 12:59:26 PM
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quote:
Originally posted by chriscall
We can go up to 85% as long as it's conf and no more than 4 financed props.
That good, its a duplex in CA, just one property, 800 fico, full-doc.
Chris, are you a wholesale rep? Do you have a website?
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daronc
1249 Posts |
Posted - 08/28/2008 : 1:10:05 PM
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quote:
Originally posted by chriscall
We can go up to 85% as long as it's conf and no more than 4 financed props.
Chris what mortgage insurance company do you get to insure a NOO property in declining market and cash out on top of it? |
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daronc
1249 Posts |
Posted - 08/28/2008 : 1:12:51 PM
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| Joe we go to 80%... conforming loan amount... We actually do allow 85% LTV but it wont close cause there is no Mortgage Insurance for NOO or cash out transaction.... |
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stanshaw
41 Posts |
Posted - 08/30/2008 : 8:21:44 PM
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Up to 100% LTV**
No US Residency Requirement!
4.5% current Rate!
**Full Doc !
NO Credit Report!
**No Minimum Score!
No Seasoning on Cash Out!
NO property maximum!
No Pre Pay Penalty!
**Payments made in arrears!
Refinance or Purchase Money
Available for 1-4 fam Non Owner
Second / Vacation Homes
Mid to Hi Rise Condos
No occupancy Ratios!
Special Features: **Cross Collateralization to help offset highly leveraged inventory to facilitate refinances For mot information or to request a broker application please Contact
Stan Shaw by phone at (508) 308-7511 or email at stansloans@aol.com
• Applicable states: NY, NJ, CT, FL, CO, NV, WA, HI, CA & OR
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chriscall
183 Posts |
Posted - 08/30/2008 : 9:44:13 PM
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quote:
Originally posted by Mtown
[quote]Originally posted by chriscall
We can go up to 85% as long as it's conf and no more than 4 financed props.
That good, its a duplex in CA, just one property, 800 fico, full-doc.
Chris, are you a wholesale rep? Do you have a website?
Yes I am a wholesale rep and our website is www.pacuniondirect.com...there are rate sheets on our website |
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Mtown
107 Posts |
Posted - 09/02/2008 : 4:28:44 PM
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quote:
Originally posted by stanshaw
Up to 100% LTV**
No US Residency Requirement!
4.5% current Rate!
**Full Doc !
NO Credit Report!
**No Minimum Score!
No Seasoning on Cash Out!
NO property maximum!
No Pre Pay Penalty!
**Payments made in arrears!
Refinance or Purchase Money
Available for 1-4 fam Non Owner
Second / Vacation Homes
Mid to Hi Rise Condos
No occupancy Ratios!
Special Features: **Cross Collateralization to help offset highly leveraged inventory to facilitate refinances For mot information or to request a broker application please Contact
Stan Shaw by phone at (508) 308-7511 or email at stansloans@aol.com
• Applicable states: NY, NJ, CT, FL, CO, NV, WA, HI, CA & OR
Hey Stan,
So are these loans using Cross Collateralization? I need a bit more detail about your programs.
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chriscall
183 Posts |
Posted - 09/03/2008 : 4:16:33 PM
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| Our last investor just cut the cash out 85% deal to 80% so as of 9/1 we can no longer go above 80% C/O, however we can go to 90% on Purchase still... |
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Mtown
107 Posts |
Posted - 09/03/2008 : 4:18:57 PM
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quote:
Originally posted by chriscall
Our last investor just cut the cash out 85% deal to 80% so as of 9/1 we can no longer go above 80% C/O, however we can go to 90% on Purchase still...
What kind of rate would we be looking at, at 80%? |
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daronc
1249 Posts |
Posted - 09/03/2008 : 4:23:52 PM
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quote:
Originally posted by chriscall
Our last investor just cut the cash out 85% deal to 80% so as of 9/1 we can no longer go above 80% C/O, however we can go to 90% on Purchase still...
What company do you get mortgage insurance from Chris for NOO in declining market...?? |
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