[westdrive16]

...lender.? The loan on my home was bundled with a package of distressed loans by mistake. I have only been late one time since 02/2007. The company that purchased the loan has told me they would sell the loan at a discount just to get it off of their hands since it is not the type of loan they normally deal with. I would like to take advantage of this offer, but know one will originate a loan for a home that has a short payoff. My home is worth 500,000.00 in Missouri and the loan would be for 250,000.00. I am on an ARM at 5% until 2012. The loan would be full documentation, credit has a few bumps due to a loss of job, but the DTI is very good and the income is W2 and very good. The credit scores have taken a hit but they are above 500 and if you look at the credit from 2007 up until now, it shows that we have been really good until the loss of job but the one income is great, and we are doing pretty well. We would like to avoid comments from the 7% or hire crowd. We can afford to wait if that is the case until the 2012 date when everything will be paid off and the credit score is higher.We are looking for someone willing to offer a private mortgage loan at 5% to 6% on 250,000.00. for a 3 to 5 year. This would be a full documentation. We are open to companies that do these type of loans but we are not interested in sub prime companies.