option arm scenerio

mtgfriendly · #1 (**permalink**) 01-30-2007, 07:54 PM

this is Curtiss from DK Financial,
can you do this scenerio?

State: CA
Amount: $639,000
Property type: SF
Documentation: stated
FICO: 664
LTV: 90%
Occupancy: OO
Loan purpose: Refinance

option arm min payment loan "SISA or SIVA! ! ! !"
max cashout 190k
this is a seasoned investor, this is all they will take.
full package/appraisal/title-prelim/credit/1003/1008

Suit · #2 (**permalink**) 01-30-2007, 11:41 PM

I'll go to 90%ltv but our pricing is a lot better at 80%ltv if thats a possibility. If not send it over and I'll get this funded for you fast!

SCME1 · #3 (**permalink**) 02-01-2007, 10:07 PM

I can do a 80/10. Payoption first and 30/15 2nd.

dkuyper@scme.com