Loan Scenario: VA, $353,000, 740, 88% LTV, Refinance (Rate and Term)

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Home » Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: VA, $353,000, 740, 88% LTV, Refinance (Rate and Term)

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Post Statistics: 329 Views, 2 Replies
Latest Post: Thu, Aug 13 2009 4:25 PM by Noel Shepherd

Tue, Aug 11 2009 4:07 PM

hoffmarp
(Russ Hoffman)

Loan Scenario: VA, $353,000, 740, 88% LTV, Refinance (Rate and Term)

Loan Scenario

View All Post A Scenario

Loan State: Virginia
Loan County: Fairfax
Loan Type: Refinance (Rate and Term)
Loan Amount: $353,000
Property Value: $400,000
LTV: 88%
FICO: 740
DTI: ---
Occupancy Type: Owner-Occupied
Property Type: Townhouse

Looking to take advantage of the no-pmi re-fi. However, I have a freddie mac mortgage. Is there a way to do this without go through my current servicer, whose rates are higher than industry average. Thanks.

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Russ Hoffman

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In Reply to This Post

Thu, Aug 13 2009 12:44 PM

Alan Craft

The only way to avoid MI is to do an 80% first and a small second.

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Home Loan Consultant

Integrity Home Loan

alanc@inthomeloan.com

alanc@inthomeloan.com

(904) 493-1085

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In Reply to This Post

Thu, Aug 13 2009 4:25 PM

Nshepherd
(Noel Shepherd)

What about an FHA loan.

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Nshepherd

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