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Loan Scenario: CA, $385,000, 723, 70% LTV, Cash Out Refinance

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: CA, $385,000, 723, 70% LTV, Cash Out Refinance
 

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Latest post Tue, Nov 3 2009 6:09 PM by Patrick Gilligan. 3 replies. Viewed 341 times.
Page 1 of 1 (4 items)

  • Tue, Oct 6 2009 2:48 PM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: California
    Loan County: San Bernardino
    Loan Type: Cash Out Refinance
    Loan Amount: $385,000
    Property Value: $550,000
    LTV: 70%
    FICO: 723
    DTI: 39
    Occupancy Type: Second Home
    Property Type: Single Family Residence

    Looking for portfolioe lender to cash out refi 2nd home -borrower owns 6 properties in so.Cal

    Borrower can take less cash out if there is a cash out limit.

    If you can help or know of anyone who can please forward this scenario 

    Harold Rohdes
    DR Financial,Inc.
    2245 Fern Dell Place
    Los Angeles, CA 90068
    323-465-2150/818-281-5451
    Fax 323-462-6133 hdrfinancial@aol.com

        

  • Fri, Oct 9 2009 12:39 AM                 In reply to

    |Contact

    STEARNS LENDING HAS RATE/TERM BUT NOT THE CASHOUT.  WE JUST LAUNCHED OUR PORTFOLIO PRODUCT YESTERDAY.  WE SELL DIRECT TO FANNIE AND KEEP THE SERVICING.  NO OVERLAYS ON PRODUCT.

    CAN DO 5-10 PROPS OWNED BUT R/T AND PURCHASE

    CAN ALSO DO FLIPS AS WELL.

    WWW.STEARNSWHOLESALE.COM

    RUSTY BRUMFIELD, AE SACRAMENTO AREA

    RBRUMFIELD@STEARNS.COM

     

  • Fri, Oct 9 2009 7:59 PM                 In reply to

    |Contact

    Ol Rusty Boy needs to check the "rules" page as well!!

    PREMIUM MEMBER
     Bob Van Gilder, Broker- Finance One Mortgage Ph (530) 644-5395, eFax(877)468-5395 email: financeone@juno.com CA DRE lic # 01193406
    California only please---But I can refer you to professionals throughout the nation.

  • Tue, Nov 3 2009 6:09 PM                 In reply to

    |Contact

    Harold - Did you find the lender? give me abuzz or email and I will give you the names of the portfolio lenders I use

     

    Patrick K. Gilligan

    Director, Estate Lending

    Pinnacle Bancorp

    11400 W. Olympic Blvd., Penthouse

    Los Angeles, CA 90064

    Tel: 310.806.4627

    Cell: 310.351.7696

    Fax: 310.806.4606

    email: patrick@pinbanc.com

     
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