Mortgage Grapevine

Loan scenario: OR, $175,000, , 80% LTV, Refinance, full, NOO

<b>State:</b> OR<br>
<b>Amount:</b> 175,000<br>
<b>Property type:</b> SF<br>
<b>Documentation:</b> full<br>
<b>FICO:</b> <br>
<b>LTV:</b> 80%<br>
<b>Occupancy:</b> NOO<br>
<b>Loan purpose:</b> Refinance<br><br>
Who can finance a NOO SFR with only 20% down?
by Dolan2000 November 6, 2009 2:16 PM

I think I responded to this one on BO, but with a good file i can get an exception to 80%.
by Jake Howard November 6, 2009 2:48 PM

This may be an alternative or partial finance source for your borrowers. We offer financing using securities (stocks, mutual funds, bonds, etc that are not in a retirement fund) as collateral for the loan. Credit scores and income are not considered nor asked for. Interest rates are 2.5% to 4.50% fixed with interest-only payments, no lender fees or points, and no up-front fees. Also, these are non-personal recourse loans. Earn .50% YSP and you will be working with a direct lender. If you feel this may suit your borrower's needs, please visit us at www.articecapital.com.

Don Skiles,
don@articecapital.com
254.865.6339
888.717.8744
by Don@Artice November 6, 2009 6:40 PM

Reply