Anyone in here does business loans? - Page 3 - Mercedes-Benz Forum

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post #21 of 22 (permalink) Old 05-26-2007, 07:38 AM
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As you and QB stated liquidity plays a big role. but I would suggest with a 720 and verify two years employment a no doc stated program makes this a slam dunk.
pmi is a joke. agreed?
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post #22 of 22 (permalink) Old 05-26-2007, 08:21 AM Thread Starter
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I am doing a No Doc one with similar score but it's a purchase so the buyer has to come with at least 5%. The par rate is at 8.125 for this program and I am bumping the rate for YSP because there isn't much upfront the buyer can contribute after I suggested that the seller raises the price to contribute to closing and still walk away with the first agreed price. Both buyer and seller are scared but the alternative is 'no deal'
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