February 20th, 2011 9:50 AM by Eric Fang
One one purchase loan closed the last week.Purchase 245k with PITI $1425. 2003 built new house with 2600 sqft. Rental income expected $1600 to $1700.
Another loan is expected to be closed next week. This borrower already have 5 loans.And yes, this is the 6th loan. I have only two lenders can do more than 4 loans.I am glad that this loan will be closed smoothly.
A few a refinance loans closed with the following rates: 5/1ARM 2.875% - 3%; 7/1 ARM 3.125%;15 yr fixed 4.125%. All with no closing costwith loan amount less than 417k and with impound account.
Please let me know if you have similar needs.