Posted on: 13th Jan, 2009 05:47 pm
looking to get to 60 or 70 % LTV on a cash out Refi - middle credit score is 693 - this is for a family member, I am not a broker so if you have a product you need not (split) any points with me
"upstatefarmer@yahoo.com"
[Link deactivated as per forum rules. Thanks.]
"upstatefarmer@yahoo.com"
[Link deactivated as per forum rules. Thanks.]
generally lenders prefer a ltv ratio which is less than or equal to 80%. those loans which are above 80% ltv are subject to private mortgage insurance. the family member needs to speak to the lenders and check what type of rates and terms he/she can expect to get. the family member can also speak to the current lender and see if he is ready to refinance it. this community also has a large number of lenders from whom he/she can get a no obligation free mortgage consultation. this will help the person to know what kind of rates and terms he/she can expect to get.
thanks,
jerry
thanks,
jerry