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Illinois Home Equity 2nd Help

Although I really know my stuff (ha, ha), I am looking for a tough situation here. I have a borrower who wants to refinance a jumbo high rise condo downtown in chicago. Oh yeah, it's a second home and a high rise. At least it's a full doc loan, but, I'm looking for a 2nd mortgage company. I have a first mortgage approval, but the "end lender" on the home equity loan said that they don't like the scenario. Low DTI, great FICO. Since I really hate home equity 2nds, I don't delve into that foray too often. Having said that, I used to use home eqs a lot, but now that they're all but dead, I need a few leads for this Chicago loan. Thanks.

Posted by Larry Bettag Illinois FHA Specialist on 05/08/2008 08:38 AM

Comments (2)

mortgage, mortgages, help, advice, loans, lending, scenarios, scenario

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2 Comments on Illinois Home Equity 2nd Help

Not sure Larry, let me do some leg work and I'll get back to you.

05/08/2008 09:14 AM

by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)

Harris Home Equity

Bryan Mundy

847.946.0406

www.harrisbank.com/hebrokerprogram

05/12/2008 01:15 PM

by Stu Magid (Mortgage Lending Direct)

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