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glies2003
258 Posts |
 Posted - 07/06/2009 : 11:09:38 AM
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560K
782 FICO
Willing to look at anything 5.25% and under as one loan
Baton Rouge, LA
Primary Residence
Any help appreciated... Only option I can see is 2 loans. Conventional to 417K then HELOC at M&I.
Anything decent as one loan on an ARM?
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virgiltab
184 Posts |
Posted - 07/06/2009 : 11:17:17 AM
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Suntrust has their Key(Jumbo) Program. I don't know if they lend in BR, LA.
5/1 ARM 4.875% pays .252% YSP(30 Day Lock) also add a .25% for Credit score for a total YSP of .502%. LTV must be 75%. Charge 1 on the front
5.25% pays 1.324% YSP |
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glies2003
258 Posts |
Posted - 07/06/2009 : 11:30:40 AM
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quote:
Originally posted by virgiltab
Suntrust has their Key(Jumbo) Program. I don't know if they lend in BR, LA.
5/1 ARM 4.875% pays .252% YSP(30 Day Lock) also add a .25% for Credit score for a total YSP of .502%. LTV must be 75%. Charge 1 on the front
5.25% pays 1.324% YSP
Thanks Scott... Figures that is about the only bank we are not signed up with. We were until earlier this year.
Now I'm stuck where M&I isnt in LA either. One of the 10 states they dont do business in.
Any other ideas? |
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virgiltab
184 Posts |
Posted - 07/06/2009 : 11:44:38 AM
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| Well Fargo. Do the first to 417K then follow it up with a wells HELOC second to 80% CLTV. Its their SIMO program |
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glies2003
258 Posts |
Posted - 07/06/2009 : 11:55:59 AM
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quote:
Originally posted by virgiltab
Well Fargo. Do the first to 417K then follow it up with a wells HELOC second to 80% CLTV. Its their SIMO program
Yep it will work this way... Thanks.
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