Financing in Allentown>Question Details

,  in Allentown, PA

Anyone still doing stated income refinances at 70-70%LTV?

Asked by , Allentown, PA Tue Dec 2, 2008

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I work with a federally chartered credit union, and I would love to help with your mortgage needs. Email me, and let's discuss!

MSmith@PrecisionFundingUSA.com



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0 votes Thank Flag Link Tue Dec 2, 2008
Mine is slightly better, at 23.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Dec 2, 2008
If the property is in NJ, NY or CT, then I can do it for self employed borrowers. There is only a 1/4% bump on the rate. Today, for instance, a self employed borrower could get a 75 LTV cash out refinance, on a conforming loan (to $417,000) at 6.125%. I know today's 'regular' market is around 5.5%, but that's not a steep price to pay for stated income at a 75 LTV!
0 votes Thank Flag Link Tue Dec 2, 2008
Yes- but there are not cheap! kinda looks like hard money rates, just a little better.
Web Reference: http://mortgageEtc.info
0 votes Thank Flag Link Tue Dec 2, 2008
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