Quote:
Originally posted by clickhappy
I talked to a mortgage guy and he said that my credit is so good I could get a mortgage with no money down, no docs, and no pmi but the rate would be 7.2.
Is that dumb to do that? I know theres a lot of real estate investors who would know immediately if a nothing down deal with a higher rate is a good idea or a bad idea
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Its never dumb to use other peoples money to invest. you want to use as much of theirs as you can and as little of your own as possible.........