Posted by Matthew on July 11, 2002 at 17:35:51:
First of all you don’t need to cap everything. I understand your situation is frustrating but there is an answer.
I have a no income program for rental property but the rate is dependent on ltv (the closer to appraisal value the higher the rate) after you have owned the property for 1 year banks and lenders will gladly give you a better rate but thats the skinny on it.the size of your loan, under 50,000, has its add to rate factors.
so please understand the loan side as well- just like when we see credit reports we see only the print until we interview the prospect.