Loan Scenario-- Can Anyone Do This: Loan State: Virginia - Loan Type: Refinance Rate & Term - Loan Amount: $100,000 - Property Value: $180,000 - LTV: 56% - FICO: 716 - DTI: 26 - Occupancy Type: Non- Owner Occupied - Property Type: Single Family Residence - 4 Investment properties and primary residence- customer wants to R&T all.

Kristina Milano
0 Votes
336 Views
Follow
8 Followers
Jul 6, 2009 by Kristina Milano
Category: Home Loans

Tags:
theloanlocator
0 Votes
Theloanlocator
Aug 4, 2009  
I think your best course of action as some others have stated is to seek out a local lender, the Loan can be done,Good luck!
TEO PALMIERI
0 Votes
TEO PALMIERI
Jul 7, 2009  
Hello Kristina,
I suggest to ask for a lender referral, also Bank of America has great rates and program, if you need I can refer a lender able to work in Virginia.
Good Luck!
Alan D. Fisher
0 Votes
Advisor: Alan D. Fisher, Real Estate
Jul 7, 2009  
You can email me @ AlanFisher31@yahoo.com and I can contact my associates. I will have some paperwork for you to fill out
Sally K. Hanson
0 Votes
Advisor: Sally K. Hanson, Real Estate
Jul 6, 2009  
Best to call a realtor in your area and ask for lender referrals for someone who may be able to help. Good luck !
Christian Bohyn
0 Votes
Advisor: Christian Bohyn, Real Estate
Jul 6, 2009  
Who determined the value? The owner? How old is the appraisal?
Zoran Ranisavljević
0 Votes
Advisor: Zoran Ranisavljević, Home Loans
Jul 6, 2009  
Hi Kristina,



My name is Zoran and I originate mortgages out of NJersey, and I can do these loans for you, in Virginia. My question to you is whether this client can go Full Doc, i.e. Tax returns last 2 years, current paystubs or P&L if S/Employed. PS-You can call me to 609 598 1954 if you want to discuss in more detail, and for the purpose of me taking an app from the client... Have a nice day! Txs, Zoran
James Mollica
0 Votes
Advisor: James Mollica, Home Loans
Jul 6, 2009  
There is a 4 loan limit. This includes loans from all banks.

Thanks

Jim Mollica

Chase