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re: 70k Loan at 6%
Posted on 5/21/11 at 11:57 am to GAFF
Posted on 5/21/11 at 11:57 am to GAFF
If you can qualify for just $5K more at 75K my pricing shows 4.5% at 0 points (no discount or origination). Priced at 5% you'd actually get a borrower credit of 3.5% which would basically wipe out most closing costs and much of your prepaids (tax and insurance escrow setup).
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