Quote:
Originally posted by clickhappy
IM just going by what he said. My score is over 800 and he just said he has investors who would do my mortgage. I didn't sign anything.
I might try lending tree or eloan to see what they say.
I was just wondering what the investment people here think about doing no money down deals
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if your score is indeed over 800 (good job if so), get a better deal. 7.2? fuck that. Whats the rate on the 2nd?
Having just bought a condo for $315k with zero down, I can tell you, that rate sucks. And I'm around 720.
When I talked to the mortgage broker the first time I told her I didn't want anything to put down, she said 'use it for closing costs anyway'. Easy 2 hours of filling out paperwork. Closed a month ago, have been getting rent back from the current tenants, they moved out today. Easy easy.
If you can find a place that is a private sale, do it. fuck realtors. 6%+ is the going rate out here for realtor fees. Fuck that, I'm not paying 18k to some fucktard that filled out some paperwork.