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Loan Scenario: FL, $262,500, 720, 100% LTV, Refinance (Rate and Term)

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: FL, $262,500, 720, 100% LTV, Refinance (Rate and Term)
 

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Latest post Mon, Sep 21 2009 11:48 PM by steve rogers. 1 replies. Viewed 264 times.
Page 1 of 1 (2 items)

  • Mon, Sep 21 2009 10:02 AM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: Florida
    Loan County: Brevard
    Loan Type: Refinance (Rate and Term)
    Loan Amount: $262,500
    Property Value: $262,500
    LTV: 100%
    FICO: 720
    DTI: 31
    Occupancy Type: Owner-Occupied
    Property Type: Single Family Residence

    This hous is under the market value.  We need to reduce the loan amount at market value.  full doc and always pay on time Indifferent  Original loan amount balance  314,657.50

  • Mon, Sep 21 2009 11:48 PM                 In reply to

    |Contact

    A loan modification would go through current lender. Generally need to show need for lower payment etc...

    refinance by paying down loan balance to value of home? possible if the current mortgage is owned by fannie or freddie... might be able to refi without paying down all the way... options at 105 and 125% of value do exist...

    you need to provide a more thorough question and goal
Page 1 of 1 (2 items) | | Forum Navigator
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