Posted by Michael on July 14, 2002 at 20:13:23:
The one place I am reluctant to finance to the max is the house I live in…am I wrong? I try to keep my home at 75-80% LTV unless I plan on renting it out and buying another, then I leverage it up prior to making app for new home. What is best way to approach this.
125 % Financing - Posted by Shambhu Nath
Posted by Shambhu Nath on July 14, 2002 at 18:53:47:
My house is appraised at 194K and would like to take 125 % against it. It has current loan of $ 138K. Any lender or note buyer ready for it? Please quote the interest rate you want. Have 600+ Credit score with no late payments for the last ten years. The money will be for an apartment building down payment.
thanks.