Loan Scenario: MN, $600,000, FICO, 50 LTV, Refi, SF, Full, OO
State:
MN
Amount:
$600,000
Property Type:
SF
Documentation:
Full
FICO:
0
LTV:
50
Occupancy:
OO
Loan Purpose:
Refi
Client needs a HELOC on his house, based SOLELY
on EQUITY and not FICO, etc.
HELOC would be 50% LTV at $600,000.
Can go Full Doc but FICO is bad
Anyone help?
by
Nick
3/24/2008 8:45:03 AM
|
This is a tough one. How bad is the FICO and does the client have assets, tax returns to back the ability to pay payment. My email address is mg@sailmarketing.org so we could look to discuss this case.
by sailmarketing.org
4/17/2008 11:46:10 AM
|