Looking for a 95% LTV on 889000 purchase price-possible?

0.10 Dollars($)

Lisa,

I am waiting to hear back from a local broker today...I may give you a call later this morning to look at those options.

Thanks,
Richard

ckalvesmaki · Posted: Thu Jan 24, 2008 6:24 am Post subject:

sorry that was me above........forgot to log in

rlsrlj · Joined: 23 Jan 2008 Posts: 6 3.54 Dollars($)

I forgot to log in as well...lol...Cedric I may give you a call as well....thanks everybody!

Caron · Posted: Fri Jan 25, 2008 12:55 pm Post subject: RE: loan offer

Hi rlsrlj,

Why would you go for ARMs? and that too an interest-only loan. Rates are pretty low now. So, you can refinance with a fixed rate loan or at the most a 1 year ARM would be fine.

Regarding the student loans, if they are deferred, then you must be having quite a good balance amount of such a debt. And, if this debt is sold off to a collection agency, then they will do all sorts of things to harass you or threaten you with calls for repayment of debt.

Now, coming to the mortgage, well, you may start off by talking to a few lenders in this regard. You may even consult our community lenders.

The community lenders offer a wide range of programs for customers to choose from. If you are interested, you may send us your request for mortgage quotes. The sooner we receive your request, the faster we send them to selected lenders who then try to match their profiles with that of our requirements.

In case the lenders are able to match their profiles with that of yours, then they shall contact you asap in order to offer the quotes.

Good luck

evolovik26 · Posted: Tue Jan 29, 2008 8:14 am Post subject:

The reason the cars are counted in you DTI is because they are leases and not loans and therefore the trend suggest that when your lease is done you will need a new one and therefore will spend money again. So the 10 mon rule does not apply. As far as everything else goes if you fit the DTI guidelines you can should be able to get a 95% LTV under or right around 7% interest rate. The 30yr fixed whould be just over 7%. Thats with no MI and one loan. Combo might not be in your best interest.

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