Real Estate Investor Mortgage Loans. 100% LTV, Stated Income, No Doc, No Ratio, No Seasoning Jerry_D_Investor_Mortgage_Rate_Quote

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Rate quoted for Jerry D on 12/03/2007

Factors that negatively affected the rate below were

  • Credit Score - "Score lower than 720"

  • Loan Documentation Type - "Loan Documentation not Full Doc"

  • Lock Period - "Rate determined based on 30 day lock period"

  • Property - "Property Not a Single Family Residence"

  • Occupancy - "property is not borrowers primary residence"

  • Fixed vs ARM - "The longer fixed rate term the higher the rate"

  • Interest Only - "Rates on Interest Only loans are higher than fully amortized loans"

  • Prepayment Penalty - "Reduced Prepayment Penalty Term results in higher rates"

  • Loan Amount - "Loans under $125,000 and Over $417,000 are higher rates"
     

Value/Purchase Price: $94,000

Loan Amount:$75,200

Loan To Value: 80%

Property Type: Duplex

Occupancy: Investor

Documentation Level: Stated Income

Income Documentation: Stated

Asset Documentation: Full

Employment Documentation: Full

Mortgage/Rent Documentation: Full

Credit Score/Grade: 690

Fixed/Adjustable Program: 5 year fixed

Interest Only?: Yes

Pre Payment Penalty: No   

Debt to Income Ratio: Less than 45%

Mortgage Insurance: No

 

1st Mortgage Quote

 

Loan AmountInterest RatePayment

$75,200

7.125%

$446.50  plus taxes and insurance 

$75,200

7.875% ($846 credit towards closing costs)

$493.50 plus taxes and insurance 

 

 

 

 

2nd Mortgage Quote (If Applicable)

 

Loan AmountInterest RatePayment

 $

%

$

 $

 

 

 


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Author of this article is Danny Garcia, this and other articles related to real estate investing and real estate investing mortgage loans can be found at www.RealEstateInvestorLoan.com

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