I worked with many lender and yet I can't seem to find anyone to approve my loan for 85%LTV...I understand that I may have a difficult loan due to the fact my midscore is: 542..1X60day late; a reprossesion; collections;etc....but I have the equity in my home..and I have a decent income..so what is the problem?
I have been approve for 75-80%LTV, but I desprately need 85%..I want a direct lender to help...who can say YES?
2007-01-05 01:05:32 · 5 answers · asked by mcoopd1 1 in Business & Finance ➔ Personal Finance
You need an experienced professional from a large bank. Someone that can be creative with financing.
You should give Mike Franklin a call. He works at Chase Bank in the B/C loan division. If he can't help you, then no one can.
2007-01-05 01:18:24 · answer #1 · answered by MR MONEY 3 · 0⤊ 0⤋
Why settle for the loan that you would get with that fico?
I believe I can get you the 85% LTV without a problem but your rate wouldn't be serving your long term interests.
I can do it if that's what you want, but I reccomend letting me sit down with you and work on your credit a little bit before you decide to go with a subprime loan like the one you're looking for. It wouldn't take long and the better terms would be worth the extra effort.
Give me a call and we'll discuss your options. My phone number is 818-361-8585 (Just ask for Kevin)
2007-01-08 09:16:22 · answer #2 · answered by kevingeorgecampbell 2 · 0⤊ 0⤋
Go to credit union or a small bank in your town. They are eager to do business with the resident of their community.
2007-01-05 01:25:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I had also asked the same question three times, and haven't gotten an answer
2016-08-23 14:27:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Interesting! Never really gave this much thought
2016-08-08 23:11:29 · answer #5 · answered by ? 4 · 0⤊ 0⤋