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Option arm
Moderators: Mortgage-X

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   Types of Loan Programs-> Pay Option ARM, Pick-a-Payment, Cash Flow LoanMessage format
 
Glenn
Posted 10/5/2005 11:16 AM (#434)
Subject: Option arm
Is there a option arm available 2 years out of bankruptcy, 80% LTV, Seattle, WA 440,000 appraisal, 660 mid-score
Big Bank Hank
Posted 10/5/2005 6:59 PM (#436 - in reply to #434)
Subject: RE: Option arm
Posts: 22
I don't know of any lenders that will do an option arm 2 years out of a bankruptcy. World Savings might do it if it makes sense. They often make exceptions.
Ben Tatou
Posted 10/8/2005 4:09 PM (#446 - in reply to #434)
Subject: RE: Option arm
Although a difficult loan to get done it is doable.
Some of the key questions the wnderwriters need answered relate to how did you get to the Bk to start
with and how have you managed your finances after the discharge. Not an easy loan by any means.

WorldBob
Posted 1/19/2006 12:05 PM (#704 - in reply to #434)
Subject: RE: Option arm
World will definitely entertain that loan. Full Doc/Stated with good re-established credit since the BK with no lates following.
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