Loan at 350k 70.5% ltv cashout refi on second home or investment property 739 fico SIVA Hybird option arm 1.25 I am not looking for rates I am just looking to see if anybody knows if a certain lender will do this
2007-01-22 18:00:22 · 4 answers · asked by jennyessj14 2 in Business & Finance ➔ Renting & Real Estate
I'd like to see what I can do. I work with hundreds of lenders so I am sure that I can find one that would do a hybrid option ARM on a second home or investment property. Give me a call tomorrow around 12 PM PST or just send me an e-mail.
2007-01-22 19:10:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm not sure why you are looking for a hybrid option arm, but let me suggest that if it's lower payments in the short term you want, you also consider an interest rate buydown or a Graduated Payment Mortgage. Both will give you lower payments in the short term without the potential volitility of the Option ARM rate.
Good luck.
2007-01-22 22:50:16 · answer #2 · answered by CJKatl 4 · 0⤊ 0⤋
I can get the option arm you are looking for through several different companies. I can also get this loan done up to 95% cashout. Please email me the specific scenario about the property and the borrower when you have an opportunity. My email is andy@layhuefamilyfinancial.com. You could also call me if you want at 412 265 1612. I have alot of experience with NOO, and is primarily what most of my loans are. My name is andy rice, please feel free to shoot me an email.
2007-01-24 04:30:07 · answer #3 · answered by andy r 1 · 0⤊ 0⤋
try http://www.choicefinance.net/mta-option-arm.htm
2007-01-23 02:21:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋