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5 Yr Hybrid-LIBOR Arm Option Loans

Direct Mortgage Wholesale is introducing its loan product 6142, a 5/6 or 5/1 Hybrid-LIBOR Arm Option.

 

 

6142: General Guidelines
620 Min FICO
Max LTV/CLTV 95%
Full/Stated/No Ratio/No Doc
PPP options (3 yr hard, 3 yr soft, 1 yr hard)
PUDs, Condo, 1-4 units
Max LTV/CLTV 95%
 
  (See other loan products)
 
   
 

Scenarios
 
  7.5% Rate
Pays 2.049% YSP*
720 FICO
80% LTV
Full
Primary Residence		   7.25% Rate
Pays 1.043% YSP*
660 FICO
80% LTV
Stated
Primary Residence		   7.00% Rate
Pays .555% YSP*
620 FICO
80% LTV
Full
Primary Residence		   7.75% Rate
Pays .424% YSP*
700 FICO
85% LTV
Full
Investment
 

*Scenarios based on Utah Property and 21 June 2007 rates. Your scenarios may vary from these examples.

Print | posted on Thursday, June 21, 2007 11:02 AM

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