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Originally Posted by adis55
what index is that 2% deal? what margin?
I have MTA loan available at .95% (under 1%)
2% neg am rate sux for that type of program
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I was quoting high since I don't know what his credit is, what his LTV would be, and whether or not he can go full doc or only stated. OBVIOUSLY it can get much better than that, but I have seen quite a few people in this biz that can't show income and have to go stated on loans. I'd rather give him GOOD news depending on circumstances rather than worse news as the process moves on
