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  1. #1
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    Cash-out Refi to a 30fixed.....possible w/o showing bank reserves in this market?

    Input por favor
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  2. #2
    class act
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    Good Luck.
    4 pm. wall to wall traffic. im gonna have jump on the willy to go pick up mommy so you will have to take the express bus home. 4 pm. wall to wall traffic.

  3. #3
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    maybe

  4. #4
    i'm on wheels yo
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    L/a?

  5. #5
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    Quote Originally Posted by DizzLe View Post
    L/a?
    negative. All i have is my car, but i highly doubt thats a l/a.
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  6. #6
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    Credit Score
    Loan Amount
    Value

    Actually

    Is it for you?

  7. #7
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    Quote Originally Posted by RICKY View Post
    Credit Score
    Loan Amount
    Value

    Actually

    Is it for you?
    Yes it's for me.

    Loan amt on 1st $135K
    Loan on HELOC $25K
    Appraised value roughly $180-190K....i'll have to check (i know thats a big range)
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  8. #8
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    Quote Originally Posted by antknee View Post
    Yes it's for me.

    Loan amt on 1st $135K
    Loan on HELOC $25K
    Appraised value roughly $180-190K....i'll have to check (i know thats a big range)
    If you really want to know your optins. Pm me your monthly income, and your SS#, and I will take look into it. I highly doubt that there is going to be a benefit to you imo, but I guess it doesnt hurt to look.

  9. #9
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    Quote Originally Posted by antknee View Post
    Yes it's for me.

    Loan amt on 1st $135K
    Loan on HELOC $25K
    Appraised value roughly $180-190K....i'll have to check (i know thats a big range)
    i thought you already bought the house ant, from out conversation a while ago unless i mis-understood you?

  10. #10
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    Quote Originally Posted by RICKY View Post
    If you really want to know your optins. Pm me your monthly income, and your SS#, and I will take look into it. I highly doubt that there is going to be a benefit to you imo, but I guess it doesnt hurt to look.
    PMs

    Quote Originally Posted by janine9539 View Post
    i thought you already bought the house ant, from out conversation a while ago unless i mis-understood you?
    yea I bought it back in 2004. My ARM is gonna reset soon, and trying to see if I even have options here.
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  11. #11
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    btw credit score is probably somewhere around 780 last i checked
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  12. #12
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    Quote Originally Posted by antknee View Post
    PMs



    yea I bought it back in 2004. My ARM is gonna reset soon, and trying to see if I even have options here.
    well if that score is true i dont see a prob with you getting a loan with no bank statements plus i dont see you having a problem using your investments instead of bstmts

  13. #13
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    Quote Originally Posted by janine9539 View Post
    well if that score is true i dont see a prob with you getting a loan with no bank statements plus i dont see you having a problem using your investments instead of bstmts
    one thing im worried about is that i had a gap in employment for 4 months. I think that's gonna be the deal breaker.
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  14. #14
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    Quote Originally Posted by antknee View Post
    one thing im worried about is that i had a gap in employment for 4 months. I think that's gonna be the deal breaker.
    not ness...
    ive seen plenty come through my office with gaps of longer and all we needed was a explaination letter so...

  15. #15
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    Quote Originally Posted by janine9539 View Post
    well if that score is true i dont see a prob with you getting a loan with no bank statements plus i dont see you having a problem using your investments instead of bstmts
    Yes, but there is a huge difference between getting a loan, and getting one that is benficial to him.


    Ant, when is it ready to adjust? Check out your closing docs my man. That interest rate could get very ugly. Check out your truth and lending to find out what index you have and what the margin is.

  16. #16
    jet setter
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    you guys are speaking swahili right now
    Admiration - n. Our polite recognition of another's resemblance to ourselves. -Ambrose Bierce

  17. #17
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    Quote Originally Posted by janine9539 View Post
    not ness...
    ive seen plenty come through my office with gaps of longer and all we needed was a explaination letter so...
    interesting....

    Quote Originally Posted by RICKY View Post
    Yes, but there is a huge difference between getting a loan, and getting one that is benficial to him.


    Ant, when is it ready to adjust? Check out your closing docs my man. That interest rate could get very ugly. Check out your truth and lending to find out what index you have and what the margin is.
    It actually is gonna adjust Sept 2008. Here are the specs:
    3yr ARM
    6.75%
    Margin: 2.75
    Current Index: 4.167
    Periodic cap: 1.000
    Lifetime cap: 5.000
    Int Rate ceiling: 12.75

    Quote Originally Posted by just jess View Post
    you guys are speaking swahili right now
    LOL! its not as complicated as it sounds.
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