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Old 10-12-2006, 10:02 AM
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S/F, O/O, Appraised at $202,000 customer owes $167,000. LA: $175,000. LTV: 87%, full doc, DTI: around 50%. Customer currrently has 6.8% adjustable and $1155 payment. Needs to lower payment.

Ida Yates

Loan Consultant

Americay Mortgage Corporation

117B Main Street

Old Saybrook, CT 06475

Office: (860) 388-4449

Cell: (860) 961-3380

Fax: (860) 388-6668

www.americaymortgage.com

iyates@americaymortgage.com
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Old 10-12-2006, 12:31 PM
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You might try running this through DU for FHA - the DTI might get overlooked with compensating factors.

What is the FICO?
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Old 10-13-2006, 09:59 AM
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Cash Out or Rate and Term too? Yeah we have to have that middle score to direct you. New Century Prime is still leading the conforming rate battle.
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