What would be the best rate and closing cost for my scenario.

Everything can be verified, all documents ready to go.

Current loan = 405k WF, Basically I'm looking for 70%LVT or $620k whichever is the smallest upon appraisal. Fico 740+

FYI: Fannie Mae does not do cash out over 60% LVT

FreddieMac does http://www.freddiemac.com/singlefamily/mortgages/docs/Updated_LTVs_superconforming.pdf

Thanks for your help and advice.
Great site.

Hey Al,

Hope all is well.  I can get you a 4.75% w/closing cost of about $1600.  Let me know if this would interest you.  Email me or call me at 916-419-2338.

Hi Al,

As you know everything will depend on the appraised value.

Hence please contact me for best rates and seervices.

Jacob

http://www.swanloans.com/web/pgcnfID_121266/Testimonials

Flagstar Bank, will do this loan under a Freddie Mac Super Conforming 30 year fix.  We are a Federally Charted Bank and we lend in California.  I would be happy to help you out and see what we are able to offer you.  If interested reach out to me at geofrey.merino@flagstar.com or call me direct 480-560-1081.

Geofrey Merino

Thank you for your response Jamal.

I see you are with WF where my loan is now. My current  WF LO told me you guys don't do 70% LVT and knowing my profile gave me a 60%LVT at 4.625% no closing.

Hello Al,

Hope all is well.  We can definitely do a cash out at 68% no problem.  An LTV of 60% would definitely provide a better rate because more equity means less risk but the maximum LTV would be 70% for cash out & I can help you.  If you would like to discuss further, please call me at 510-541-1615 and we can initiate the process. 

Jamal   

My lenders include both Wells. Flagstar,Provident Funding etc. I am based in Sunnyvale CA.

Hence we can analyze your loan scenario with all three bank and will place it with the banks with best rates and underwriting guidlelines.

Jacob

http://www.bestcamortgages.com/

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Thank you

Hey Al, Rates improved marginally today. You can do either 4.625% at closing costs of roughly $3000 or 4.75 with closing costs of roughly $1200.