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cwfam23
27 Posts |
 Posted - 08/20/2009 : 1:30:19 PM
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Hey guys,
I have a borrwer who is A paper, Full Doc, 800 FICO, ,50 % LTV, over 100 K in assets, <25 % dti.
I'm doing a conventional loan at 417 K through Provident and I need another 80,000 second. He has investments that will be maturing in about a year and will get shafted if he touches them now. So, we just want a short term loan which will be paid off shortly. I am not approved with Wells Fargo. Can anyone please offer some advice? Thank you. |
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albertknowles
5 Posts |
Posted - 09/10/2009 : 04:30:29 AM
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hey dude,
short term loans carries a high rate of interest just look for good one which will be affordable to you. |
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KHufford
10407 Posts |
Posted - 09/11/2009 : 5:26:09 PM
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"A paper" LOL
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abrown7777
4 Posts |
Posted - 11/17/2009 : 11:04:16 AM
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| Try to get approved with Wells if you're able to...one of the few out there that will do 2nds and up to 75%! |
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cwfam23
27 Posts |
Posted - 11/17/2009 : 11:56:38 AM
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| I actually got this done with US Bank and Provident. They let me go to 80 % and I actually made 2 points on the second at 4.6 % and 1.5 on the first on a fifteen at 4.25 %. Thank you for the advice about Wells, I will check into that. |
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