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BEAR STEARNS RESIDENTIAL MORTGAGE
ANNOUNCEMENT PRODUCT / PROGRAM / GUIDELINE CHANGE EFFECTIVE TODAY PRICING ACTIVE: http://www.beardirect.net (other products & programs available)
SUBPRIME:** - O/O “HOT” - Seasoned Home Owner - 80/20 - 100% CLTV 580-599 Mid Score - First Time Home Buyer - 80/20 - 100% CLTV 600+ Mid Score - 1 Day Out of BK available for all Products - Raised Maximum Loan Amounts on Certain Credit Grades; Loan Amounts as High as %1,000,000.00 SUBPRIME !!! ********************************************************************************************************
ALT-A:** - O/O “HOT”
PiggyBack Matrix:
PURCHASE - RATE/TERM - CASH OUT
- NO DOC w/assets (2 mo PITI) - 80/20 - 100% CLTV Starting at 620+ Mid Score - NO RATIO w/assets (2 mo PITI) - 80/20 - 100% CLTV Starting at 620+ Mid Score
- TRUE "NO-DOC" (no assets) - 80/20 - 100% CLTV Starting at 680+ Mid Score
- SISA & SIVA (siva = 2 mo PITI) - 80/20 - 100% CLTV Starting at 620+ Mid Score **********************************************************************************************************
ALT-A:** - O/O “HOT”
"NEW" SECURE OPTION ARM PIGGYBACK FOR "NO-DOC w/assets"
PURCHASE - RATE/TERM ONLY: - NO DOC w/assets (2 mo PITI) **reduced from "3" - 80/20 - 100% CLTV Starting at 660+ Mid Score - NO DOC w/assets (2 mo PITI) **reduced from "3" - 80-15 - 95% CLTV Starting at 620+ Mid Score ***********************************************************************************************************
ALT-A:** - N/O/O - Investment “HOT”
PURCHASE - RATE/TERM ONLY: - NO DOC w/assets (6 mo PITI) - 80-15 - 95% CLTV INVESTMENT N/O/O - Starting at 660+ Mid Score ***********************************************************************************************************
ALT-A:** - O/O
"Traditional" MTA 1% OPTION ARM - O/O Full Doc - 80/20 - 100% CLTV - 3 mo PITI Reserves - Starting at 680+ Mid Score SIVA - 80/20 - 100% CLTV - 3 mo PITI Reserves - Starting at 720+ Mid Score
Thanks, Patrick Thompson Bear Stearns Mortgage 404-867-5578 patrick_bear@bellsouth.net White Star Mortgage - 125 Town Park Drive Suite 300 - Kennesaw, GA 30144 Office Phone: (770) 973-0629 Fax: (770) 200-3720 Cell Phone: (770) 713-1662 We lend in the following states: AL,CA,CT,DC,FL,GA,IN,KS,KY,LA,MA,MD,MI,MO,MS,NC,NH,NY,OH,SC,TN,VA,WV © 2008 Myers Internet, Inc. All Rights Reserved Powered by: Myers Internet, Inc. | Admin Login |
