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re: Any mortgage brokers in here?

Posted on 10/8/12 at 2:51 pm to
Posted by ItNeverRains
37069
Member since Oct 2007
25975 posts
Posted on 10/8/12 at 2:51 pm to
Hawkeye has correct answer. 20% of purchase price down is about 3.875, 25% is 3.75% as of Friday.

Whatever the contracted purchase price, your LTV is 80-85%.

This excludes rural
Posted by hawkeye007
Member since Feb 2010
5921 posts
Posted on 10/8/12 at 2:59 pm to
ITNEVERRAINS: I just started TN loans about 3 months ago..i would like to strangle every appraiser in the state of TN..slow does not begin to describe the process with these people
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
51642 posts
Posted on 10/9/12 at 9:59 am to
Hawkeye is right. Forget buying investment with no money down. Not happening.
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