Lender said vtb needs to be cut back so max ltv 90%?

jimbell

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Sep 26, 2007
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Hi, Anyone know of lenders that allow over 90% financed? I was in a situation were we purchased & put a 75% 1st mortgage on with a vtb that worked out to over 93% total financing. The vtb needed to be cut back or the lender would reduce 1st mortgage financing. We are new in business, stated income product with good product.