mcoopd1 asked:
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?
AUSTIN
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?
AUSTIN
NOLAN
I can help. If you are serious please call me @ 516 535 5800 ext 239 my name is Jeff and I work for AFG.
Comment by Jeff — December 7, 2009 @ 10:17 am
ELI
If you are in Virginia I can help you with this. I do difficult loans.
757-262-8462
Comment by Jess X — December 8, 2009 @ 6:47 pm
CHANCE
here is maybe an option for you if you plan on staying in your home. take out an HELOC pay all of your stuff off. wait 1-2 years your score will jump to mid 600′s when you are doing that pay off make sure you are negating deletion of all that junk on your report. then you can refinance and get a more attractive rate.
go and talk to an accountant or a financial adviser. i would stay away from brokers and loan officers that could actually worsen your situation.
Comment by bryan l — December 11, 2009 @ 12:49 am
EMANUEL
with your credit score that low…most lenders will not lend to you with 85% ltv. I would take the approval you were offered.
Comment by k_reile — December 14, 2009 @ 10:08 am