I need to refinance my home who can say Yes to 85%LTV?

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?

ALVA
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January 29, 2010 | Filed Under Personal Finance

Comments

3 Responses to “I need to refinance my home who can say Yes to 85%LTV?”

  1. MR MONEY on January 31st, 2010 1:23 pm

    JESS

    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.

  2. asjrb on February 1st, 2010 8:45 am

    LEONARD

    Go to credit union or a small bank in your town. They are eager to do business with the resident of their community.

  3. kevingeorgecampbell on February 1st, 2010 10:31 am

    ALPHONSE

    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)

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