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About savagebasher

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  1. Auto 1: RATE: 10.99% PAYOFF: $16,468.20 (high LTV) PAYMENTS LEFT: 44 (out of 72) Auto 2: RATE: 11.24% PAYOFF: $22,038.38 (high LTV) PAYMENTS LEFT: 44 (out of 72) FICOs are 700+.
  2. A mortgage guy, who is a friend of a friend, sent me the following: --- Okay Just running the numbers real quick and hoping that it will allow a FULL 65% DTI here is what I come up with. First to not count that car payment you have to prove that someone else is making the payment. Not counting that and assuming $1200 a month rent (if it is more that will help) 2658 – 900 (1200 x 75%) = 1758 DTI 29% Leaving roughly 2140 for new mortgage Now that would MAX you at 65% and there is no guarantee that the underwriting system would approve to that level but it would be worth a shot. It would make thi
  3. I am upside down because the last company I refi'd with screwed me. We bought the place for $162,000 in 2003. We took a 2nd mortage out for $15k in 2004. In 2005 we rolled the first\second mortgage into one and took a little cash out (like an idiot). So now we owe $192,000.
  4. Greetings all! I am looking to sell my townhome in order to purchase a larger place. I currently owe $192k. Similar units in my development are going for $165k-$185k. I have not received an appraisal, but we have put significant money into upgrades. My buddy works for Wells Fargo and says my home is worth about $178k based on his valuation report. My problem is trying to determine the best way to cover my negative equity. Worst case scenario I would need to come up with $20k-30k to make up the difference. My FICOs are 720+ and I have $0 CC debt. Total DTI is about 40% (student loans, car paym