Coming soon to a lender near you...RETURN OF THE SISA... 100% 620 FICO, WAGE EARNER, ROLLING 30'S OK!!! Naaaa. That is what got us into the mess in the first place. The SISA has returned, but in a tamed down (somewhat sensible) version. What is allowed is 80% CLTV at a 680 FICO, on a primary residence or 700 on second homes. Investments are not allowed (yet). This program is only offered to self employed borrowers (sorry wage earners), but does allow for interest only. The program is close to conforming in the rates with a price hit of only .25 on a score below 730. It isn't the best I have seen, but unlike most of the others, the deal wasn't conditioned to death. If you have any questions, please don't hesitate to call.
Karl Menzer
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