Wednesday, February 8, 2012

Loan Program

TRTY          Nationwide
AMNT         $50k - $5M  (higher case by case)
LTV            50%
INT             7 - 8%
PTS            1
TRM           5 / 1  ARM, 30 year amortization
PPP           None

Property Types:    1 - 4 Unit, Mixed Use, Commercial

Refinance, cash out with new appraisal needs 12 months ownership
           cash out less then 12 month ownership is 50% LTC