Re: Suspicious of 100% LTV Programs - Posted by Shambhu Nath
Posted by Shambhu Nath on September 22, 2003 at 14:24:53:
Stated 100 % LTV is hard to find and that is why you are paying highe rate than 2 year arm if you had 5 % or 10 % down. Also,two loans might be helping you with mortgage insurance as greater than 80 ltv,needs mortgage insurance. With your score and 10% down, you should be able to get conforming rate for 30 year fixed.
Re: Suspicious of 100% LTV Programs - Posted by James Strange
Posted by James Strange on September 20, 2003 at 07:53:20:
Most high LTV loans are two loans.
Since this is stated income and 100% LTV the they are offering very good terms. But do ask about a pre payment penalty. That may be why the say you can refi in two years.
Re: Suspicious of 100% LTV Programs - Posted by John P
Posted by John P on September 22, 2003 at 15:32:29:
Just wanted to extend my thanks to those who provided input to my note…its appreciated.
Its always nice to hear from others in RE Investng from around the country…its a good sanity check too.
My decision on pursuing a $0 down & 100%LTV program is a conscious one. I believe I’m not alone on the following mindset; where I don’t mind paying a little more in interest if I can keep my funds intact & in the bank. My anxiety is more on the ARM stuff…which is a new area for me.