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Johnson
Guest
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 Posted: Wed Jan 16, 2008 5:49 am Post subject: Refinancing in Arizona |
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Need to refinance worth $520,000 on NOO property. Fico score 620 and expected LTV = 80%. And I'm in Arizona
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 ckalvesmaki
Community Experts
Joined: 28 Jan 2006
Posts: 378
Location: Dallas
56.65 Dollars($)
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| Posted: Wed Jan 16, 2008 6:16 am Post subject: |
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Is there a renter currently in the house? Are you able to proove your income? Can you tell us a bit more about your situation.
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Cedric Kalvesmaki
***Professional Disclaimer***
While I am a Mortgage Professional, this advice is generic in nature only.
888-383-9019
emails and PMs gladly answered
www.freedommortgagetexas.com
Freedom Mortgage
I live in TX but cover all 50 states |
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evolovik26
Community Experts
Joined: 15 Aug 2007
Posts: 538
Location: Minneapolis
28.93 Dollars($)
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| Posted: Wed Jan 16, 2008 6:42 am Post subject: |
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If its a full documentation loan then i dont see a problem although some banks may want to cut you to 75%. If you need a stated deal you might have a problem
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Eugene Volovik
Home Loan Consultant
Countrywide
612-481-3127
Conventional, FHA and Commercial Lending in 48 states |
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chrisburns
Community Experts
Joined: 13 Nov 2007
Posts: 372
Location: Florida
64.35 Dollars($)
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| Posted: Thu Jan 17, 2008 5:27 pm Post subject: |
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Hopefully your going to be able to fully document your income. If that is the case you should be able to get this loan done.
If you have to go stated hopefully you have some assets to make a lender a bit more comfortable with the loan.
If you don't have a way to prove income and have no assets this may be a very difficult loan for you to get funded.
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Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
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lisascherzer
Joined: 04 Jan 2008
Posts: 755
1.07 Dollars($)
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| Posted: Sat Jan 19, 2008 4:24 pm Post subject: |
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Hi Johnson,
Yes you should be able to get this loan done within the perameters that you have mentioned. You have a couple different options at this point.
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Lisa Scherzer
Allpointe Mortgage
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