Re: $5000 = NEED HELP!!! - Posted by Ed Garcia
Posted by Ed Garcia on January 04, 2001 at 10:20:43:
You don’t tell us what state you’re in. Not only do you not tell us what state you’re in, but you don’t tell us if you plan to live in the property. That makes a difference Norm, because the lender will provide you with a higher LTV and better costing if you’re owner occupied rather that none owner occupied. For example with your 700 credit score, if this deal is owner occupied, you may even get 100% financing. If it’s none owner, then chances are you’d need to do the deal with 10% down.
Norm, you haven’t even worked this deal to see if the seller will carry any paper.
Norm, You don’t give us enough information, there are so many different ways we can look at this deal depending on what your intentions are with the property. My suggestion is for you to call me at (909) 944-0199, and we can discuss your deal.