Are These Terms Good?
Just want to know if these terms that I have on a loan are good or if I should try for better and also what points are fair?
score is 600 (may rise due to corrections being made) no doc (bank statements needed); 95% ltv; no dp or closing cost if seller flexibility and/or equity in deal which is what I'm aiming for. I am looking to do a substantial cash out AT CLOSING.
The interest rate will be between 8.5 and 9.3% 2yr fixed then ARM but will refi. to do 30year fixed before 2yrs are up.
P.S. THis will be an owner occupied property---investment for myself.
I welcome all suggestions on getting this accomplished. 
I am a little comfused with your post. No Doc program usually does not require bank statement. Only thing no doc program requires is your credit report and credit score. It does not require income, employement, or asset (ie bank statement)
thank u both 4 your responses.
SmileyFace, I was told by lo that I needed bank statements but on stated/no doc programs i agree with u. I didn't push because I'm still "shopping".
Ethan, I will be contacting u.