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   Question    posted to Mortgage Lenders on 12/30/08 04:48 PM, Tuckahoe, NY 10707
is it possible to get a jumbo loan for 650,000 when ur home is valued at 700,000, to consolidate debt? verfified income of 170,000 and good but not excellent credit
Specialist Answer 1 of 2
   Answered By     Guaranteed Home Mortgage Company, 12/30/08 05:14 PM
Guaranteed Home Mortgage Company
2 Gannett Drive
West Harrison, NY 10604
917-475-1634
ben113070@yahoo.com
View Business Info

I can help you with this loan request.  If this is a single family home, I can get you a loan amount of as much as $625,500.  If you have a 2 to a 4 family home, I can get you the full $650,000.  As far as credit is concerned, as long as you don't have mortgage delinquency, bankruptcy or more than $5,000 in collections, I will likely be able to help you.

Please let me know how I can be of further assistance.

Thank you and best regards,

Steve Benders

917-751-6342

read more...
Specialist Answer 2 of 2
   Answered By     Mortgage consultant, 12/30/08 06:09 PM
Mortgage consultant

New Rochelle , NY 10805
914-469-0367
cashrefi1@yahoo.com
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625k is the jumbo conforming limit and would bring your  Loan to Value below 90%

making the deal more possible . You might be a candidate for a loan modification.

please call me at 914-563-6174

thanks

Bryan

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