Posted by blueangel on September 17, 2003 at 03:25:24:
Thanks ya all for the great advice. Turns out my fico score enhanced to 720 and I got pre-approved by a lender with a full-doc loan of $400K loan with only 1/2 point at 6.4%. I used a very savvy mortgage broker by following advice on CREonline articles and many of Mr. Garcia’s advice on negotiating with banks. I have all doc but my main concern was time, it took a lot shorter than I thought. I think lenders are only human and this is truly a people business, not as cut and dry as I expected. It also had a lot to do with the 35% equity on the house.
Now I will go back to owner to offer choice between all cash with lower price and seller carry.