$
When searching for a cash out refi, only enter a loan amountequal to that which you want as "cash in hand" at closing, in the
amount box.To find out how much additional funds are allowed for otherpurposes, such as debt consolidation and/or rate and term refi, readthroughthe program notes of the matches found.
THE PROPERTY
Occupancy Options
* Location of
Property
* Applicable Property
Type
LTV or CLTV (optional)
%
The Borrower
Credit History (optional)
Credit History Legend Excellent: No
mortgage lates in the last two years; perhaps an isolated 30 day late on
either consumer or revolving debt. Alt- A: Not more than 1 mortgage late
in the last 24 months; 1 or 2 thirty-day lates on revolving and/or
installment. Good: Up to two 30-day mortgage lates in the last 24 months;
three or four 30-day lates on revolving and or installment. Fair: Four 30
day lates on mortgage or three 30's and one 60 day late; multiple 30 day
lates and isolated 60 to 90 day lates on revolving and installment. Poor: Multiple 30's on mortgage or two 60's and a 90 all within
the last 24 months; 30's, 60's, and 90's, with isolated 120's on
revolving and/or installment. Over all poor credit.Many lates of all kinds, NOD's or currently in foreclosure,
recent Bankruptcy, multiple judgments and liens, etc.
Credit Score
(optional)
Documentation
(optional)
Debt-to-Income Ratio
(optional)
%
Number of Trade Lines Established
(optional)
Chapter 7 Bankruptcy: Number of Months Old
(leave blank if none)
Chapter 13 Bankruptcy: Number of Months Old
(leave blank if none)
Foreclosure: Number of Months Old
(leave blank if none)
Appraisal Special Features
Drive By Appraisal
No Review Appraisal
Stated Value
Value After Improvements
Loan Special Features
No Form 4506 Required
No Reserves Required
No Verification Of Funds
Necessary
Gifts Funds O.k.
2nd That Allows A Private
Contract First
Section 32 O.k.
No Mortgage Insurance
Required
No Seasoning For Funds To
Close
No Prepayment Penalty
Less Than 12 Months
Seasoning For Refi, (appraised Value)
Prepayment Penalty Buydown
Available
Interest Only Loan
Negative Amortization
Available
Less Than 2 Years
Employment, Self Employed
Non Recourse Loan
Lease Optioned Property,
(refinance)
Recorded Land Contract
Unrecorded Land Contract
Non Arms Length
Transaction Accepted
Less Than 12 Months
Seasoning, (Purchase
Price Value)