Posted on: 28th Apr, 2008 01:23 pm
Is anyone doing SIVA $1.2M 80% LTV (Calif property est $1.5M) cashout on Primary Res SFDD to obtain income property. FICOs above 720. Borrower just went through 1031 Exch, so no rental history though current net cash flow from rentals around $10k/mo + $10k on W-2 (verifiable - long history).
Alternative would be a $900k+- HELOC (Current first around $305k).
Alternative would be a $900k+- HELOC (Current first around $305k).
Hi marklewesq,
Welcome to the forum.
Your credit score seems good to qualify for Super Jumbo mortgage. There are thousands of lenders in this community. I think you can talk to them directly or request for no-obligation free mortgage quote.
Hope someone will help you out.
Best of luck,
Larry
Welcome to the forum.
Your credit score seems good to qualify for Super Jumbo mortgage. There are thousands of lenders in this community. I think you can talk to them directly or request for no-obligation free mortgage quote.
Hope someone will help you out.
Best of luck,
Larry
How many properties do they own?
What type of assets can they show?
What type of assets can they show?
