Posted by Sean on April 29, 1999 at 13:42:19:
I believe he meant non-owner occupied.
Love all this available money… - Posted by Mark (SDCA)
Posted by Mark (SDCA) on April 29, 1999 at 12:14:54:
I never thought I would have seen it. But I have found a mortgage broker who says he can do 95% NOO purchases. There IS PMI but no max number of loans. 2 points that can be rolled into the loan. Also, he can do 95% cash out re-finances. I am in the process of cashing out 4 of my properties (which would not have made sense at 75 or even 85%). Amazing times.
Mark
Re: Love all this available money… - Posted by Irwin
Posted by Irwin on April 30, 1999 at 07:12:15:
Actually, the broker is immaterial. It’s the lender that counts. Most brokers are writing loans for just a few remaining non-conforming lenders nationwide. As soon as you close your re-fi of the four properties (but don’t hold your breath until it happens at 95% LTV)please post the name of the actual lender. Then we can all send our brokers in that direction.
Well, I’m on the edge of my seat… - Posted by FJW
Posted by FJW on April 29, 1999 at 13:57:30:
What lender is doing this? PLEASE, tell us.
Thank you
FJW
Re: Love all this available money… - Posted by Tim (snj)
Posted by Tim (snj) on April 29, 1999 at 13:38:01:
always learning - what is NOO ?