thats at home dude.. actually..I may have deleted it all together!
thats at home dude.. actually..I may have deleted it all together!
In before the lock with Theresa.
Alex: EAII....nice! The MI is gonna be a killer on that, though. Can you not go non-conforming or expanded criteria instead? Did D.O. not wanna take it at all? Why did it go EAII?
Then again, I know how it is. Sometimes EAII is better than DECLINE 1....
oh i know man the mi factors on any level approval are killer.. check this out..Originally Posted by Jaimecbr900
In before the lock with Theresa.
Alex: EAII....nice! The MI is gonna be a killer on that, though. Can you not go non-conforming or expanded criteria instead? Did D.O. not wanna take it at all? Why did it go EAII?
Then again, I know how it is. Sometimes EAII is better than DECLINE 1....
I had a loan that was a EA level III flex 100 with a client that had a 540 mid score.. I ran with it and closed it with a $650/mo MI payment! I was amazed she took that deal to be honest.. but where else are you gonna get 100% money with a 540 mid score
Damn, that customer of yours must have a brother. I did a Flex 97 with a 560 middle on an EAIII at $575/mo MI only. They were desperate and had a contract on a new construction. They screwed around while the house was in construction and now the UW would not simply take a LOX about old stuff. Recent screw ups + house under construction + non-refundable EM = OUCH!!!
I refi'd them out of it this year and they are soooo happy now. They sucked it up for almost 2 yrs though.
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