"Well, bad news. ING doesn't offer I/O in California. It doesn't look like they have or have had a HELOC as far back as June 2009... I just left a vm for a local State Farm Rep I know, let's see where that goes. Thanks!"    View Post

"Thanks for your replies. Does ING offer a HELOC in the wholesale world? Borrower is looking at this line in lieu of an existing commercial line he has for his business...so the balance constantly fluctuates, hence the need for a HELOC. Any other thoughts?"    View Post

"Loan Scenario View All Post A Scenario Loan State: California Loan County: Los Angeles Loan Type: Cash Out Refinance Loan Amount: $3,000,000 Property Value: $6,000,000 LTV: 50% FICO: 800 DTI: 25 Occupancy Type: Owner-Occupied Property Type: Single Family Residence Hi there, Client is asking about a $3 million HELOC. Property is free & clear and worth about $6 million. Income is Full-doc Credit is perfect LTV 50% Who's doing super HELOCs nowadays? Used to send these to Union Bank & Lehman..."    View Post

"Anyone know if is a condo project is warrantable if 25% of units are 30+ days delinquent on HOA dues? Deal is otherwise very clean, requires full condo review. A certain big lender is kicking this out and claiming this is a fannie thing and cannot go agency, but nowadays I am not taking their word for it..."    View Post