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Home »  Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: NV, $110,000, 740, 26% LTV, Refinance (Rate and Term)

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Latest Post: Tue, Jul 24 2012 3:13 PM by jen wilbur
  		• Tue, Jul 24 2012 3:13 PM
    Loan Scenario: NV, $110,000, 740, 26% LTV, Refinance (Rate and Term)
    Loan Scenario
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    Loan State: Nevada
    Loan County: Clark
    Loan Type: Refinance (Rate and Term)
    Loan Amount: $110,000
    Property Value: $425,000
    LTV: 26%
    FICO: 740
    DTI: 50
    Occupancy Type: Second Home
    Property Type: Single Family Residence

    High credit score, owe $100K, Looking for 15-30 year loan, 6% or less. Currently self-employed. House is on market for $465K. 

    No income (was not self-employed) 2010

    little income 2011 ($2k, started business )

    good cash flow in 2012 ($10K/month) from self-employment.

    Have $9K well seasoned funds and assets of $500K+. 

    NO LATES OR MISSED PAYMENTS.
    jen wilbur
     - View My Profile
    jen wilbur
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