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Loan Scenario: FL, $305,000, 730, 109% LTV, Refinance (Rate and Term)

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: FL, $305,000, 730, 109% LTV, Refinance (Rate and Term)
 

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Latest post Thu, Nov 12 2009 2:09 PM by John Burkel. 3 replies. Viewed 398 times.
Page 1 of 1 (4 items)

  • Sat, Oct 24 2009 9:25 AM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: Florida
    Loan County: Collier
    Loan Type: Refinance (Rate and Term)
    Loan Amount: $305,000
    Property Value: $280,000
    LTV: 109%
    FICO: 730
    DTI: ---
    Occupancy Type: Owner-Occupied
    Property Type: Single Family Residence

    I am on my second year on a 5/1 arm. The current rate is 5.00. Want to lock into a 30 year fixed at 5.00 or less. Ideally, including the closing costs into the new loan.

    Thanks for all your help.

     

  • Mon, Oct 26 2009 10:48 AM                 In reply to

    |Contact

    If your current mortgage is a Fannie Mae or Freddie Mac mortgage then you should not have a problem locking in close to that rate.

    P.S. I only lend in the state of Florida

    PREMIUM MEMBER
     Mortgage Planner with Homexpress Lending in St. Petersburg, Florida. Please call me with any questions at 813-414-0308. Florida loans only.

  • Mon, Nov 2 2009 7:38 PM                 In reply to

    |Contact

    No ads/solicitations in replies. If you want to contact the poster, hit the "contact" tab.

    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.

  • Thu, Nov 12 2009 2:09 PM                 In reply to

    |Contact

    Is your current lender entertaining balance forgiveness? If not do you have the ability to paydown the difference?

    Thank you.

    John

     
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