I am looking to see if there is anyone out there who might consider doing this loan. Here are the particulars:
Loan amount: $1,050,000
Value: $1,800,000
Primary Residence
Loan would be a no-doc loan with full asset documentation
Cashout of $300,000
Credit scores: 569,571,579
One thirty day mortgage late in 12/00
Property is located in NY
What is the max LTV that we can go on this loan and what is the max cashout?