Asked by Jason Shaw, Heath, TX • Thu Aug 2, 2012
Looking for a Portfolio Residential Lender (Non Fannie Mae, Non FHA, Non Freddie Mac) located in Texas to provide up to a 80% CLTV No cash out refinance or mortgage for 1 Single Family Investment Property located in Coppell, Texas. The house is worth $200,000. I have a 1st lien 30 year mortgage with Bank of America at 6.00% with a current loan payoff of $117,576 and a 2nd lien 15 year (30 year amortization) with CitiMortgage at 8.611% with a current loan payoff of $32,090.23. Looking for a 10 to 30 year fixed mortgage or loan (30 Year amortization) at a 5% interest rate with no monthly reserves for insurance or property taxes. My credit score is 660 and my rent house has been rented for over 2 years at $1,650 per month.
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