90 CLTV Fixed Rate Second

brendo927 · #1 (**permalink**) 02-02-2006, 02:48 PM

I need to find a lender who will CLOSE a 28k fixed rate second behind a 80% first. The catch to this deal is that the DTI is real tight floating around 54%. This is a NH deal. 758 MID FULL DOC. Any suggestions would be greatly appreciated.

brendo927 · #2 (**permalink**) 02-02-2006, 02:54 PM

Oh and to make matters worse the borrower is very rate consious(sp). Any payment around 200 a month would be great. ( I might be dreaming)

Tiff8882 · #3 (**permalink**) 08-30-2006, 01:26 PM

Hey there...use Home Equity of Am...you can get up to 90 no prob. Check them out at http://www.homeequityofamerica.com/....GOOD LUCK

GLOAT · #4 (**permalink**) 09-01-2006, 07:59 PM

Try Homecomings Financial. No Income Full Assets. On an 80/20 I just closed one at:

First: 6.875% 30 Fixed-No PPP
Second: 25 Year IO, 10 Year Draw, 15 Year Re-pay @ 11% after 3 month intro rate.

I'm sure 90%CLTV will be impressive