Whcih Mortgage Company can Help me?!?

Deal Score0

-Refinance (cash out)
-Stated, stated

Loan amount: $ 225,000
LTV: 90%
Appraised Value: $ 250,000
FICO: 605
PITI Seasoned: NO

Self Employed

  1. Reply
    May 18, 2011 at 9:52 am

    Go to bankrate.com – this is a great site to view mortgage rates from many companies at the same time. Absolutely the best way to find the lowest interest rate.

  2. Reply
    Marty S
    May 18, 2011 at 9:55 am
  3. Reply
    May 18, 2011 at 10:34 am

    If someone can help you with that low of a FICO, that high of an LTV, and a limited doc type you’re going to have a high rate. Don’t buy yet. Rent for a year, save some money, and try to improve your credit.

  4. Reply
    ron d
    May 18, 2011 at 11:18 am

    If you gave me the following infor I can quote you a rate.
    Any mortgage lates?
    Which State are you in?
    Any collections / judgments?


  5. Reply
    May 18, 2011 at 12:00 pm

    You’re probably not going to get a stated income, stated asset loan at 90% ltv with a mid score of 605. More than likely, you’ll be maxed at 80% with an Alt A type lender, (alternative A paper, alt prime), so your rate will be higher.

    If you go to low rate, they’ll tell you the same thing. You’ll need some wierd niche type lender to get that done, and it’ll definately cost you. If you want to see if anyone will do it, have your broker go to wierdloans.com and post it to see if it can be done, but if you wait until your at a 620 or above, you’ll have much better luck and rates.

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