Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

Are you doing a jumbo loan? You can do no doc loans right now, cash out, under 70% for around 6%. I did one in Dec at 6.25% and 1% origination. But here's a trick. I can now do a rollover refi, no cash out, but roll closing costs in, no doc, for 5.5% and no points/origination. And when you get no cash out you can go up to 75% LTV. If it gets to 5 3/8% I'm going to jump all over that. And a no doc is basically, sign here. Credit score and LTV are most important thing. And since I just did the loan in Dec, I'm going to see if I can get some of the closing fees reduced since I'll use the same people.