Mortgage Forums Forum Index

Need Stand Alone Second!!
Click here to go to the original topic

 
       Mortgage Forums Forum Index -> Finding a Lender
View previous topic :: View next topic  
Author Message
cm0624



Joined: 10 May 2005
Posts: 7

Posted: Wed May 18, 2005 7:03 pm    Post subject: Need Stand Alone Second!!  

Borrower bought property 2 months ago, but we need to use current appraised value. Fico is 605 and :lol: of course we need to go stated. Need max cltv possible!
Back to top  
nikko3



Joined: 20 Jan 2005
Posts: 246
Location: acton, ca

Posted: Wed May 18, 2005 7:15 pm    Post subject:  

How much higher is appraised value, and why did it increase? Were there major upgrades to the property?
Back to top  
cm0624



Joined: 10 May 2005
Posts: 7

Posted: Wed May 18, 2005 7:24 pm    Post subject:  

appraised value went up 80k-no reason other than that's how our market is going right now.
Back to top  
nikko3



Joined: 20 Jan 2005
Posts: 246
Location: acton, ca

Posted: Wed May 18, 2005 9:36 pm    Post subject:  

Sorry I did not realize that you were looking for a stand alone second. Most places require one year seasoning for a stand alone second.
Back to top  
 
       Mortgage Forums Forum Index -> Finding a Lender
Page 1 of 1


Copyright 2004-2005 Mortgage Forums