I have a combined loan amount of $820k. I really want to get my loan on a 1-3% option arm loan.Can I do that?
Answer:
YES! There are options for you to get the option arm with a 95% CLTV
I have worked with many clients here in California who are in a similar position. I have been able to work with my underwriters to get loans approved for people like you.
I would need more details so we can show the investors this is a good investment for them. I work for GMAC Mortgage.
~Danke Schoen
Feel free to contact me with any other questions or a second opinion.
Nathan
MrDankeSchoen@yahoo.com
888-602-4622 ext 12
925-250-6067
Anything is possible if you put your mind to it.
Get an accountant!
Probably not - and why would you want to anyway? So you can be foreclosed on in 3 years?
your attempting something that is extremely dangerous. With the housing market slowing and the interest rates rising, when your balloon payment comes due you may find your self on the street.
Instead of getting another loan, consider a second job to pay off that one?
yes, it's possible- contact me and i will tell you more details.
nope. If your score is that low, you need at least 80% LTV. You can get a subprime loan which will go to 95% but your rate will be crap. Is your score 620 by all those people running your credit?
Try searching "ARM fair credit " at this site
http://online-mortgage-shoppers.com/.
The search function here brings up some interesting results, a little time browsing this site may bring you the information you are seeking
Don't be mislead by the name of this web site, you can find information on all types of loans here.
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