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re: Borrowing money from 401k...how does this work usually?
Posted on 2/24/16 at 7:26 pm to Mr.Perfect
Posted on 2/24/16 at 7:26 pm to Mr.Perfect
quote:
If it is FHA, it's life of the loan
Yes
I understand that. What he is saying is he has the money for 3.5% which is the FHA requirement and he needs to get enough for 5% so he doesn't have to get an FHA loan.
Understand now?
1
Posted on 2/24/16 at 7:33 pm to Powerman
First NBC has an up to 100% financing. No mortgage insurance. You have to take a home buyers class. You must be a first time buyer.
They call it community pool.
Has a 1% origination fee on top of whatever the bank fees and closing costs are.
Eta: rates are market based.
They call it community pool.
Has a 1% origination fee on top of whatever the bank fees and closing costs are.
Eta: rates are market based.
This post was edited on 2/24/16 at 7:35 pm
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