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i have a condo in ca bought free and clear in Nov 2009 for 290K, curr value 300K. Fico 790, Self employed, 45K reserves, looking for 100K cashout paying of 22K in debt rest for future investment, can i go stated inc or no doc due to low LTV 35%? property is in CA o/o. by amahtani43 from Long Beach, California. Jun 28th 2011
Gregorio Denny (GVDenny)
#257 ranked lender in California - 380 contributions
My first question is: Why do you believe you need to go "stated income?". Have you have someone review your 2 year tax returns to see how much income you can use? You can always get this done with Hard money at only 33% LTV but you should first look at qualifying traditionally. Contact me and you may have more qualifying income than you think. http://WeFixRates.Com
Hans Bruhner (Hans Bruhner)
#132 ranked lender in California - 125 contributions
I help self wemplyed people all day long. I have been doing this for 20 years and I know how to read a tax return and I know how to add a little back to your schedule C. I am available in California at (866) 385-1650 or at www.AskTheLoanMan.com
Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions
Yes there are a few lenders left that can do this type of loan. If you dont find a lender, contact me off this page and I can help you. I am in CA. Thanks, Chris-
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